Drug Store with Broad C
For Sale
$695,000
618 Main Street, Bradley Beach, NJ 07720
Commercial Sale, Bradley Beach, NJ
Property Size2,030 SF
Lot Size0.10 Acres
Price / SF$342.36
Days on Market46
Property Features for 618 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking features
Alley, On Street
Basement
Partial
Directions
Take Route 33 East to Main St.
Standard status
Active
APN
08-00044-0000-00029
Size
2,030 SF
Lot size
0.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7574
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Listing Agency:
Realty One Group Open Door
Listed By:
Michael Crocitto · License #2295566
(732) 410-5699
Added: Aug 12
Changed: Sep 15
Last Checked: Sep 26 at 4:06AM
MLS# 22624940
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.
Bradley Liquors is an operating liquor store business offered with a Broad C License and an existing 2,030-square-foot premises on a 0.1-acre parcel. The property includes basement space, public water, public sewer, and parking access from the street and alley. The license also presents potential for bar or in-house consumption use, subject to applicable requirements.
The business is positioned on Main Street in Bradley Beach, within a beach community supported by summer tourism, nearby residential neighborhoods, BYOB restaurants, and NJ Transit access. The location is described as one of only two liquor stores in town and is close to the beach. The offering combines an established local business with an existing commercial site and a specific beverage-service license.
The business is positioned on Main Street in Bradley Beach, within a beach community supported by summer tourism, nearby residential neighborhoods, BYOB restaurants, and NJ Transit access. The location is described as one of only two liquor stores in town and is close to the beach. The offering combines an established local business with an existing commercial site and a specific beverage-service license.
Key Highlights
- 2,030‑square‑foot liquor store premises on a 0.1‑acre parcel
- Broad C License included with potential for bar or in‑house consumption use
- One of only two liquor stores in Bradley Beach
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
$31,044
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
4.47%
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%
$620,880
$620.9K
Cap Rate 7%
$443,486
$443.5K
Cap Rate 9%
$344,933
$344.9K
Market Conditions
NOI Build-Up for 2,030 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
$43.8K $21.60/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$41.4K $20.39/SF
− OpEx
−$10.3K −$5.10/SF
NOI
$31.0K $15.29/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /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%
$620,880
Cap Rate 7%
$443,486
Cap Rate 9%
$344,933
Alternative Uses
Best Use
Specialty Retail
$443.5K
$388.1K – $517.4K
NOI $31,044 @ 7.0% cap · market cap 4.47%
Second Best
Retail
$413.9K
$362.2K – $482.9K
NOI $28,975 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$530.1K
$463.8K – $618.4K
NOI $37,105 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
47k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Groceries 30%
Dining 5%
Stop & Shop
Groceries
13,940 visits/mo
0.5 miles
Family Dollar
Shops & Services
9,450 visits/mo
0.4 miles
Chase Bank
Shops & Services
6,983 visits/mo
0.1 miles
Speedway
Shops & Services
5,341 visits/mo
0.2 miles
Mobil
Shops & Services
3,924 visits/mo
0.3 miles
Demographics for 07720, NJ
4,175
Population
2,836
Households
1.5
Avg Household Size
47
Median Age
67%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
6,958
Density / Sq Mi
$94,722
Median Household Income
$52,661
Median Earnings
$1,710
Median Rent
$857,200
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?
Drug store - Established liquor store business with public utilities, basement space, and on-street and alley parking access.
Where is this drug store located?
The property is located at 618 Main Street Bradley Beach, NJ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,030‑square‑foot liquor store premises on a 0.1‑acre parcel; Broad C License included with potential for bar or in‑house consumption use; One of only two liquor stores in Bradley Beach
