730 Jamaica BlvdToms River, NJ 08757

Property Details for 730 Jamaica Blvd

Year built

1984

Construction

CONCRETE BLOCKS

Lot size

6.35 AC

Property size (Sq ft)

49,504 SF

Zone code

PRRC

Property type

Commercial real estate

APN

06 00004- 146-00001- 01

APU

6000041460000101

Description

Holiday City Plaza I, a 49,504-square-foot single-story indoor mall in Ocean County's Holiday City Berkeley submarket, presents a unique investment opportunity. This 1984-built property boasts 31 suites, currently featuring 17,560 square feet of vacant space, ideal for a variety of retail, office, or restaurant uses. The mall serves as a vital commercial hub for over 14,000 homes within the surrounding 55+ adult community. Available spaces range from 1,256 to 7,872 square feet, with combination options available (Units 1, 3, and 4 totaling 5,262 sq ft; Units 14-15 and 16-19 totaling 7,872 sq ft). The property is zoned PRRC (Planned Residential Retirement Community) and includes 200 parking spaces. Leases are NNN, with a rate of $16 per square foot plus $7 per square foot for CAM and real estate taxes. Tenants are responsible for their own utilities. Detailed unit plans are available upon request. This property offers significant potential for growth within a thriving, established community. Located conveniently near Plaza Drive, this is a prime location for businesses catering to the area's substantial resident population.

• CAP approach

  CAP return

  Valuation

  6%

  $12,322,400

  6.5%

  $11,374,500

  7%

  $10,562,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,468,190

  Geo Method

  $6,468,190

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $21,542,300

  Retail / Commercial

  $11,213,500

  Mixed-Use / Specialty

  $11,304,900

  Hospitality / Lodging

  $8,465,060

  Office

  $11,374,500

  Institutional / Educational

  $11,799,500

  Residential Income

  $13,805,400

  Multifamily

  $15,829,200

  Automotive / Energy

  $10,113,800

  Parking / Income-Based Land

  $3,360,380

  Restaurant / Food Service

  $6,160,100

  Healthcare / Senior Housing

  $11,458,200

Location Insight

City

Toms River

County

Ocean

State

New Jersey

Latitude

39.9718

Longitude

-74.2451

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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