Mixed-Use Building with Water
For Sale
$1,175,000
11 W Front Street, Keyport, NJ 07735
Commercial Sale, Keyport, NJ
Property Size5,268 SF
Lot Size0.09 Acres
Price / SF$223.04
Days on Market212
Property Features for 11 W Front Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed, Commercial
Rooms
Basement
Parking features
On Street, Offsite
Exterior features
Display Window
Basement
Full, Walk-Out Access
Lot features
Level
Directions
Exit 117 from GSP Northbound Exit 118 from GSP Southbound Take Broadway, to W. Front St.
Standard status
Active
APN
24-00021-01-00062
Size
5,268 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14596
Utilities
Sewer type
Public Sewer
Heating system
Steam
Water source
Public
Water front
1
Building Details
Year built
1900
Floors in Building
3
Building materials
Brick, Stucco
Roof type
Flat, Tar/Gravel
Listing Agency:
Coldwell Banker Realty
(732) 462-4242
Listed By:
Michael Viktorenko · License #2191129
(347) 579-9277
Added: Feb 9
Changed: Sep 4
Last Checked: Sep 9 at 5:06AM
MLS# 22603495
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.
Located at 11 W Front Street in Keyport, this 5,268-square-foot mixed-use building combines commercial and residential components. The first floor contains a street-level retail space with a display window, while the second and third floors each contain a full-floor 4/5-bedroom apartment. The upper residential units have water views.
Built in 1900, the structure features brick and stucco construction, steam heat, a flat tar-and-gravel roof, and a basement. The property is served by public water and public sewer, with on-street and offsite parking available. GC (General Commercial) zoning supports the existing mixed-use configuration, subject to applicable approvals.
Built in 1900, the structure features brick and stucco construction, steam heat, a flat tar-and-gravel roof, and a basement. The property is served by public water and public sewer, with on-street and offsite parking available. GC (General Commercial) zoning supports the existing mixed-use configuration, subject to applicable approvals.
Key Highlights
- 5,268‑square‑foot mixed‑use building on a 0.09‑acre lot
- First‑floor retail space with display window
- Two full‑floor 4/5‑bedroom apartments on the second and third floors
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
$81,011
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
6.89%
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%
$1,620,220
$1.6M
Cap Rate 7%
$1,157,300
$1.2M
Cap Rate 9%
$900,122
$900.1K
Market Conditions
NOI Build-Up for 5,268 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
$158.0K $30.00/SF
− Vacancy
−$10.7K −$2.04/SF
EGI
$147.3K $27.96/SF
− OpEx
−$66.3K −$12.58/SF
NOI
$81.0K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,620,220
Cap Rate 7%
$1,157,300
Cap Rate 9%
$900,122
Alternative Uses
Best Use
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,011 @ 7.0% cap · market cap 6.89%
Second Best
Retail
$1.07M
$939.9K – $1.25M
NOI $75,192 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,291 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
681
Businesses Nearby
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail space is paired with two full-floor residential apartments.
Where is this mixed-use property located?
The property is located at 11 W Front Street Keyport, NJ.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 5,268‑square‑foot mixed‑use building on a 0.09‑acre lot; First‑floor retail space with display window; Two full‑floor 4/5‑bedroom apartments on the second and third floors
