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    Flex Office and Workshop Property Title is generated by Realmo AI

    361 Main Street, West Creek, NJ 08092

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    Claim this Listing
    For Sale
    $835,000

    COMMERCIAL - West Creek, NJ

    Property size:
    2,700 SF
    Lot size:
    1.85 Acres
    Price / SF:
    $309/SF
    Added:
    Apr 15, 2026
    Days on Market:
    50
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 361 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking
    20
    Parking features
    Off Street, Paved or Surfaced, Open
    Basement
    Partial
    Standard status
    Active
    APN
    09-00025-01-00008
    Size
    2,700 SF
    Lot size
    1.85 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13119

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Well

    Building Details

    Floors in Building
    2

    We can help!

    Listing Contact
    Curtis Lee

    Listing agent Curtis Lee License #0569686

    Listing office Berkshire Hathaway HomeServices Zack Shore Realtors 675 Route 72 E, Point Pleasant Beach, NJ

    Listing date Apr 15, 2026

    MLS# 22610638

    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.

    HighLights

    • High‑visibility location with 265' frontage on Route 9
    • Versatile office/shop space totaling approximately 2,700 SF
    • Nearly 2‑acre lot with room for expansion
    • C‑2 zoning allows for a wide range of commercial uses
    • Ample parking for approximately 25 vehicles
    • Includes a 16x18 workshop and separate storage shed

    Overview

    This versatile office and shop property combines a practical retail-facing layout with usable warehouse-style improvements. The main office/showroom offers approximately 1,700 square feet with a clear-span design and soaring vaulted ceilings, creating an open, flexible space for both client-facing work and operations. A second-floor mezzanine adds approximately 960 square feet of additional office space. The site also includes a 16x18 workshop plus a separate storage shed, supporting a range of hands-on business needs.

    The property sits on nearly 2 acres with approximately 265 feet of frontage on Route 9 in a high-visibility setting. Positioned toward the center of the lot, it provides straightforward site organization and room to accommodate day-to-day use. The parcel measures approximately 265 feet frontage by 294 feet deep, offering potential for expansion, including the possibility of adding a pole barn, garage, or additional structure. Parking for approximately 25 vehicles supports staff and customer access.

    Zoned C-2, the property offers a wide range of permitted commercial uses, making it a strong fit for contractors, builders, and retailers seeking a combined office-and-workspace environment. Its mix of showroom space, office area, and shop support can help streamline operations under one roof.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Creek
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.298606
    Latitude
    39.645884

    Nearby Similar for Sale

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    • $1,450,000

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    FAQs

    What type of property is this?
    Office units - High-visibility office and shop configuration with clear-span space, mezzanine office, workshop, and ample on-site parking.
    Where is this office units located?
    The property is located at 361 Main Street West Creek, NJ.
    What is the asking price?
    The asking price for this property is $835,000.
    What are key features of this property?
    This property features: High‑visibility location with 265' frontage on Route 9; Versatile office/shop space totaling approximately 2,700 SF; Nearly 2‑acre lot with room for expansion
    (609) 597-6464
    We can help!
    Listing Contact
    Curtis Lee
    Real Estate License ID: 0569686
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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