Mixed-Use Building with Street-Level
For Sale
$1,175,000
11 W Front Street, Keyport, NJ 07735
COMMERCIAL - Keyport, NJ
Property Size5,268 SF
Lot Size0.09 Acres
Price / SF$223.04
Days on Market187
Property Features for 11 W Front Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed, Commercial
Rooms
Basement
Parking features
Offsite, On Street
Exterior features
Display Window
Basement
Full, Walk-Out Access
Lot features
Level
Directions
Exit 117 from GSP Northbound Exit 118 from GSP Southbound Take Broadway, to W. Front St.
Standard status
Active
APN
24-00021-01-00062
Size
5,268 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14596
Utilities
Sewer type
Public Sewer
Heating system
Steam
Water source
Public
Water front
1
Building Details
Year built
1900
Floors in Building
3
Building materials
Brick, Stucco
Roof type
Tar/Gravel, Flat
Listing Agency:
Coldwell Banker Realty
(732) 462-4242
Listed By:
Michael Viktorenko · License #2191129
(732) 462-4242
Added: Feb 9
Changed: Aug 13
Last Checked: Aug 15 at 5:06AM
MLS# 22603495
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Mixed-use building featuring street-level retail on the first floor and two whole-floor apartments on the second and third floors. Each apartment unit is described as having water views, supporting a tenant mix across commercial and residential use. The exterior includes a display window, and the building construction is listed as brick and stucco. Heating is provided via steam, and the roof is described as tar/gravel and flat. The property also includes a basement.
Located at 11 W Front Street in Keyport, New Jersey, within Monmouth County’s waterfront corridor. The property is zoned GC (General Commercial), and services are listed as public water and public sewer. Parking is described as offsite and on street.
The building was constructed in 1900 and sits on a 0.09-acre lot. Total property size is listed at 5,268 square feet.
Located at 11 W Front Street in Keyport, New Jersey, within Monmouth County’s waterfront corridor. The property is zoned GC (General Commercial), and services are listed as public water and public sewer. Parking is described as offsite and on street.
The building was constructed in 1900 and sits on a 0.09-acre lot. Total property size is listed at 5,268 square feet.
Key Highlights
- Street‑level retail on the first floor plus two whole‑floor apartments on the second and third floors
- Each apartment unit is described as having water views
- Zoned GC (General Commercial) with mixed‑use flexibility
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,166
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,763,320
$1.8M
Cap Rate 7%
$1,259,514
$1.3M
Cap Rate 9%
$979,622
$979.6K
Market Conditions
NOI Build-Up for 5,268 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$134.7K $25.56/SF
− Vacancy
−$8.7K −$1.65/SF
EGI
$126.0K $23.91/SF
− OpEx
−$37.8K −$7.17/SF
NOI
$88.2K $16.74/SF
Area
Monmouth County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,763,320
Cap Rate 7%
$1,259,514
Cap Rate 9%
$979,622
Alternative Uses
Best Use
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,166 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,011 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,291 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
763
Businesses Nearby
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail with two whole-floor apartments above, zoned GC and set up for mixed-use waterfront demand.
Where is this mixed-use property located?
The property is located at 11 W Front Street Keyport, NJ.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Street‑level retail on the first floor plus two whole‑floor apartments on the second and third floors; Each apartment unit is described as having water views; Zoned GC (General Commercial) with mixed‑use flexibility
