Corner Mixed-Use
For Sale
$1,999,900
300 Broad Street, Red Bank, NJ 07701
Commercial Sale, Red Bank, NJ
Property Size3,769 SF
Lot Size0.26 Acres
Price / SF$530.62
Days on Market55
Property Features for 300 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Multi-Use
Rooms
Basement
Parking features
On Street, Parking Lot
Exterior features
Lighting
Basement
Full
Lot features
Sidewalks
Directions
Broad Street Red Bank across from Wells Fargo Bank.
Standard status
Active
APN
39-00099-0000-00014
Size
3,769 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17633
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Amenities
handicap-accessible
reception area
private offices
physical therapy/exam room
hardwood floors
full bath
kitchenette
full basement
detached accessory building
Building Details
Year built
1901
Floors in Building
2
Flooring type
Wood
Roof type
Shingle
Listing Agency:
Real Broker, LLC- Fairfield
(855) 450-0442
Listed By:
Johnny Guan
(732) 746-3654
Added: Jul 21
Changed: Sep 11
Last Checked: Sep 13 at 8:06PM
MLS# 22622193
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.
This 3,769-square-foot mixed-use property, built in 1901, combines commercial and residential components on a 0.26-acre corner parcel. The approximately 1,000-square-foot first-floor office includes a reception area, four private offices, a physical therapy or exam room, full bath, kitchenette, hardwood flooring, and a full basement. Separate access serves the second-floor apartment, which contains an eat-in kitchen, living room, two bedrooms, full bath, and wood flooring.
A detached accessory building adds another adaptable area for office, medical, professional, wellness, administrative, or storage functions. The property includes a private parking lot and on-street parking, along with central air, baseboard heat, public water, public sewer, shingle roofing, and exterior lighting. Its Red Bank setting places it near downtown restaurants, shopping, entertainment, train and bus service, with access to the Garden State Parkway and NJ Turnpike.
A detached accessory building adds another adaptable area for office, medical, professional, wellness, administrative, or storage functions. The property includes a private parking lot and on-street parking, along with central air, baseboard heat, public water, public sewer, shingle roofing, and exterior lighting. Its Red Bank setting places it near downtown restaurants, shopping, entertainment, train and bus service, with access to the Garden State Parkway and NJ Turnpike.
Key Highlights
- 3,769‑square‑foot mixed‑use property on a 0.26‑acre corner parcel
- Approximately 1,000‑square‑foot first‑floor office with four private offices and a physical therapy/exam room
- Separate second‑floor apartment with two bedrooms, eat‑in kitchen, living room, and full bath
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
$57,666
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
2.88%
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%
$1,153,320
$1.2M
Cap Rate 7%
$823,800
$823.8K
Cap Rate 9%
$640,733
$640.7K
Market Conditions
NOI Build-Up for 3,769 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
$113.1K $30.00/SF
− Vacancy
−$36.2K −$9.60/SF
EGI
$76.9K $20.40/SF
− OpEx
−$19.2K −$5.10/SF
NOI
$57.7K $15.30/SF
Area
Monmouth County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,153,320
Cap Rate 7%
$823,800
Cap Rate 9%
$640,733
Alternative Uses
Best Use
Office B
$823.8K
$720.8K – $961.1K
NOI $57,666 @ 7.0% cap · market cap 2.88%
Second Best
Healthcare Medical
$801.7K
$701.5K – $935.3K
NOI $56,119 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$984.2K
$861.1K – $1.15M
NOI $68,891 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,328
Businesses Nearby
Explore this area
Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property combining professional office space, a separate apartment, parking, and an additional detached building.
Where is this mixed-use property located?
The property is located at 300 Broad Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: 3,769‑square‑foot mixed‑use property on a 0.26‑acre corner parcel; Approximately 1,000‑square‑foot first‑floor office with four private offices and a physical therapy/exam room; Separate second‑floor apartment with two bedrooms, eat‑in kitchen, living room, and full bath
