Mixed-Use Property with
For Sale
$399,999
332 E Main Street, Tuckerton, NJ 08087
Commercial Sale, Tuckerton, NJ
Property Size1,387 SF
Lot Size0.28 Acres
Price / SF$288.39
Days on Market49
Property Features for 332 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed, Commercial
Parking
20
Parking features
Open
Interior features
Fluorescent
Basement
Crawl Space
Lot features
Level, Cleared
Directions
Route 9 behind Gulf Station
Subdivision
Tuckerton Shore
Standard status
Active
APN
33-00063-0000-00009-01
Size
1,387 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9244
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1925
Floors in Building
1
Flooring type
Vinyl, Concrete
Roof type
Asphalt, Metal
Listing Agency:
Realty Of America
Listed By:
Alex Mosquera-Munoz
(833) 256-4244
Added: Jul 23
Changed: Sep 7
Last Checked: Sep 9 at 2:06AM
MLS# 22622563
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 mixed-use property contains 1,387 square feet of residential and commercial space on a 0.28-acre parcel. Built in 1925, the building includes fluorescent lighting, vinyl and concrete flooring, open parking, and a combination metal and asphalt roof. Public water and public sewer serve the property.
The property is offered strictly as-is. The buyer will be responsible for obtaining the Certificate of Occupancy, completing required inspections and certifications, and satisfying applicable municipal requirements. The seller will not provide repairs or credits.
The property is offered strictly as-is. The buyer will be responsible for obtaining the Certificate of Occupancy, completing required inspections and certifications, and satisfying applicable municipal requirements. The seller will not provide repairs or credits.
Key Highlights
- Mixed‑use building with residential and commercial space
- 1,387 square feet on a 0.28‑acre parcel
- B‑2 zoning
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
$16,020
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
4.01%
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%
$320,400
$320.4K
Cap Rate 7%
$228,857
$228.9K
Cap Rate 9%
$178,000
$178.0K
Market Conditions
NOI Build-Up for 1,387 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
$29.1K $21.00/SF
− Vacancy
−$3.5K −$2.52/SF
EGI
$25.6K $18.48/SF
− OpEx
−$9.6K −$6.93/SF
NOI
$16.0K $11.55/SF
Area
Ocean County, NJ
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
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%
$320,400
Cap Rate 7%
$228,857
Cap Rate 9%
$178,000
Alternative Uses
Best Use
Mixed Use
$228.9K
$200.3K – $267.0K
NOI $16,020 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.2K
$316.9K – $422.5K
NOI $25,352 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 08087, NJ
25,191
Population
12,982
Households
1.9
Avg Household Size
49
Median Age
28%
College-Educated
94%
High-School Grad
70.1 sq mi
ZIP Area
359
Density / Sq Mi
$87,449
Median Household Income
$47,779
Median Earnings
$1,760
Median Rent
$323,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines residential and commercial space within B-2 zoning.
Where is this mixed-use property located?
The property is located at 332 E Main Street Tuckerton, NJ.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Mixed‑use building with residential and commercial space; 1,387 square feet on a 0.28‑acre parcel; B‑2 zoning
