Ocean, NJ
Commercial Real Estate Market Trends & Data

$442 Avg asking sale price
$300 Avg asking lease rate
11,277 SF Avg unit lease size
24,671 SF Avg building size for sale

Ocean's Demographic Profile

Ocean has 11,142 households and a median income of $109,838, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 27,951
# Households 11,142
Median age 45
Median household income $109,838
Avg household size 3.0
Renter-occupied housing units 3,825
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Ocean, NJ

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Ocean $470 7,963 SF
Asbury Park $410 7,273 SF
Wanamassa $350 6,000 SF
Oakhurst $233 17,140 SF
Allenhurst $426 21,136 SF

Commercial Properties For Sale in Ocean

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

21 Main St

Asbury Park, NJ 07712

  • 9,000 SF Retail Building
  • $2,500,000
For Sale

1106 Main St

Asbury Park, NJ 07712

  • 3,000 SF Multifamily
  • $2,500,000
For Sale

907 Grand Ave

Asbury Park, NJ 07712

  • 9,170 SF Retail Building
  • $2,450,000
For Sale

3304 Highway 66, Neptune, Monmouth OYO Motel

Tinton Falls, NJ 07753

  • 2.20 AC Lot
  • 1 Commercial Lot
  • $2,800,000
For Sale

701-703 Monroe Ave

Asbury Park, NJ 07712

  • 3,648 SF Retail Building
  • $2,499,999
For Sale

Jumping Brook Office Center

Tinton Falls, NJ 07753

  • 984 SF Office Building
  • $600,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Ocean pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Ocean $442 24,671 SF
Asbury Park $429 17,337 SF
Wanamassa $490 3,575 SF
Oakhurst $270 9,870 SF
Allenhurst $457 17,229 SF

Multifamily Properties For Sale in Ocean

For Sale

704-720 Mattison Ave

Asbury Park, NJ 07712

  • 61,865 SF Multifamily
  • $5,000,000

Regional Demographic Comparison

This comparison places Ocean alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Ocean or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Asbury Park 16,129 7,616 39 $57,667 2 5,778 1%
Wanamassa 4,192 1,554 44 $155,499 3 185 -1%
Allenhurst 771 321 49 $93,928 2 107 10%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Ocean, NJ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Ocean

View All Commercial Real Estate For Sale in Ocean
Is Ocean a good market for a first-time commercial real estate investor?

Ocean offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Ocean?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Ocean. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Ocean?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Ocean. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Ocean compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Ocean. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Ocean acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Ocean, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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