687 Route 9
About This Property
The approved layout includes four private offices and two restrooms, thoughtfully designed around a central common foyer, along with four expansive 20' x 32' garage bays--well-suited for a variety of professional, service, or light industrial uses. The plan also allows for prominent business signage and twelve on-site parking spaces, ensuring excellent accessibility and maximum exposure.
Strategically located in a high-traffic corridor, this property presents a rare, turn-key deve for businesses seeking visibility, functionality, and long-term growth potential.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 5, 2026 | Price Decreased |
$124,900
↓ $25K
(16.7%) | |
| Price Decreased | |||
| May 1, 2026 | Listed by Berkshire Hathaway HomeServices Fox & Roach - Holmdel | $150,000 | |
| Listed by Berkshire Hathaway HomeServices Fox & Roach - Holmdel | |||
| Sep 21, 2023 | Sold | ||
| Sold | |||
| Mar 14, 2023 | In contract | - | |
| In contract | |||
| Apr 1, 2022 | Listed by Coldwell Banker Riviera Realty, Inc. | $59,000 | |
| Listed by Coldwell Banker Riviera Realty, Inc. | |||
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Commercial or business land ready to have your dream designed and built on it. Zoning is General Business which allows the most flexible business uses in Little Egg Harbor Township. Septic and well will be required but there is plenty of land to make your dream
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017