Two-Tenant Mixed-Use
New
For Sale
$979,900
2907 Bridge Avenue, Point Pleasant, NJ 08742
Commercial Sale, Point Pleasant, NJ
Property Size2,240 SF
Lot Size0.23 Acres
Price / SF$437.46
Days on Market3
Property Features for 2907 Bridge Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Multi-Use, Commercial
Rooms
Basement
Parking features
Parking Lot, Off Street
Exterior features
Display Window
Directions
Burnt Tavern Road, continue onto Bridge ave or take Route 88 south and turn right onto Bridge ave
Subdivision
Pt Plsnt Boro
Standard status
Active
APN
25-00220-0000-00005
Size
2,240 SF
Lot size
0.23 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10317
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
drive through lane
Building Details
Year built
2000
Floors in Building
2
Listing Agency:
Interstate Home Properties
(347) 393-9790
Listed By:
Ryan Brown · License #10491208949
(718) 370-8800
Added: Sep 25
Last Checked: Sep 27 at 2:06PM
MLS# 22630410
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.
At 2,240 square feet, this mixed-use property has a renovated ground-floor salon with a wax room, retail area, and restroom. The second-floor apartment includes two bedrooms, one bathroom, an eat-in kitchen, living room, and washer and dryer. The building dates to 2000 and occupies a 0.23-acre corner parcel.
An 11-space parking area includes two spaces reserved for the upstairs tenant. A drive-through lane provides an exit onto Northstream Parkway. Public water and sewer serve the property.
An 11-space parking area includes two spaces reserved for the upstairs tenant. A drive-through lane provides an exit onto Northstream Parkway. Public water and sewer serve the property.
Key Highlights
- 2,240‑square‑foot mixed‑use property on a 0.23‑acre corner lot
- Ground‑floor salon includes a wax room, retail area, and restroom
- Upstairs apartment has 2 bedrooms, 1 bathroom, eat‑in kitchen, living room, and washer and dryer
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
$31,972
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
3.26%
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%
$639,440
$639.4K
Cap Rate 7%
$456,743
$456.7K
Cap Rate 9%
$355,244
$355.2K
Market Conditions
NOI Build-Up for 2,240 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
$48.4K $21.60/SF
− Vacancy
−$2.7K −$1.21/SF
EGI
$45.7K $20.39/SF
− OpEx
−$13.7K −$6.12/SF
NOI
$32.0K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /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%
$639,440
Cap Rate 7%
$456,743
Cap Rate 9%
$355,244
Alternative Uses
Best Use
Retail
$456.7K
$399.7K – $532.9K
NOI $31,972 @ 7.0% cap · market cap 3.26%
Second Best
Mixed Use
$369.6K
$323.4K – $431.2K
NOI $25,872 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$584.9K
$511.8K – $682.4K
NOI $40,944 @ 7.0% cap · market cap 4.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
140k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 44%
Groceries 33%
Dining 22%
Electronics 1%
Stop & Shop
Groceries
36,023 visits/mo
0.2 miles
Dollar Tree
Shops & Services
17,653 visits/mo
0.3 miles
Spirits Unlimited
Groceries
10,626 visits/mo
0.3 miles
Wendy's
Dining
9,654 visits/mo
0.3 miles
Dunkin' Donuts
Dining
9,630 visits/mo
0.4 miles
Demographics for 08742, NJ
25,056
Population
12,604
Households
2
Avg Household Size
46
Median Age
52%
College-Educated
95%
High-School Grad
5.6 sq mi
ZIP Area
4,474
Density / Sq Mi
$111,983
Median Household Income
$57,547
Median Earnings
$1,879
Median Rent
$576,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor salon space and an upstairs apartment create a commercial and residential configuration.
Where is this mixed-use property located?
The property is located at 2907 Bridge Avenue Point Pleasant, NJ.
What is the asking price?
The asking price for this property is $979,900.
What are key features of this property?
This property features: 2,240‑square‑foot mixed‑use property on a 0.23‑acre corner lot; Ground‑floor salon includes a wax room, retail area, and restroom; Upstairs apartment has 2 bedrooms, 1 bathroom, eat‑in kitchen, living room, and washer and dryer
