Newly Renovated Two-Unit
For Sale
$335,000
11 E Main Street, Tuckerton, NJ 08087
Renovated two-unit retail building on Main Street, offering flexible space for an owner-occupant or investor.
Property Size1,115 SF
Price / SF$300.45
Days on Market59
Property Features for 11 E Main Street
General Information
Standard status
Active
Size
1,115 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,297
Amenities
Central air
Central Air Cooling
Forced Air Heating
Level
Shingle Roof
Unpaved
Listing Agency:
KELLER WILLIAMS PREFERRED PROPERTIES, SHIP BOTTOM
(609) 324-7600
Listed By:
DONNA T WILSON
Source:
Corcoran
Added: Jun 24
Changed: Aug 21
Last Checked: Aug 21 at 7:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS PREFERRED PROPERTIES, SHIP BOTTOM
Investment Insights
Based on property information with market context.
This newly renovated two-unit commercial property is configured as storefront space, offering two distinct units within a single building. The asset is positioned for hands-on use by a business owner and also supports an investment approach through the ability to rent one unit while occupying the other. With its updated presentation, the building is suited for retail or similar storefront operations seeking an attractive, turn-key look.
Located at 11 E Main Street in Tuckerton, NJ 08087, the property benefits from a central position within the town’s business district. The remarks indicate convenient access to the Garden State Parkway, along with nearby public transportation. The location is also described as close to the Tuckerton Seaport, local shops and restaurants, and area attractions.
For tenants or buyers, the two-unit layout provides practical flexibility for a variety of storefront concepts, whether you’re looking to establish your own presence or pair occupancy with rental income. The building’s straightforward configuration and renovated condition make it a functional choice for operators who want a dedicated storefront location within an active commercial corridor.
Located at 11 E Main Street in Tuckerton, NJ 08087, the property benefits from a central position within the town’s business district. The remarks indicate convenient access to the Garden State Parkway, along with nearby public transportation. The location is also described as close to the Tuckerton Seaport, local shops and restaurants, and area attractions.
For tenants or buyers, the two-unit layout provides practical flexibility for a variety of storefront concepts, whether you’re looking to establish your own presence or pair occupancy with rental income. The building’s straightforward configuration and renovated condition make it a functional choice for operators who want a dedicated storefront location within an active commercial corridor.
Key Highlights
- Newly renovated two‑unit commercial property in Tuckerton
- Flexible setup for an owner‑occupant with rental income from the second unit
- Two‑unit retail building located on Main Street
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
$15,915
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
4.75%
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%
$318,300
$318.3K
Cap Rate 7%
$227,357
$227.4K
Cap Rate 9%
$176,833
$176.8K
Market Conditions
NOI Build-Up for 1,115 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
$24.1K $21.60/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$22.7K $20.39/SF
− OpEx
−$6.8K −$6.12/SF
NOI
$15.9K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$318,300
Cap Rate 7%
$227,357
Cap Rate 9%
$176,833
Alternative Uses
Best Use
Retail
$227.4K
$198.9K – $265.3K
NOI $15,915 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$291.1K
$254.8K – $339.7K
NOI $20,380 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
28k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Wawa
Shops & Services
13,951 visits/mo
0.0 miles
Dunkin' Donuts
Dining
9,682 visits/mo
0.2 miles
Wells Fargo
Shops & Services
4,098 visits/mo
0.2 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Renovated two-unit retail building on Main Street, offering flexible space for an owner-occupant or investor.
Where is this storefront property located?
The property is located at 11 E Main Street Tuckerton, NJ.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: Newly renovated two‑unit commercial property in Tuckerton; Flexible setup for an owner‑occupant with rental income from the second unit; Two‑unit retail building located on Main Street
