Newly Renovated Two-Unit Retail
For Sale
$335,000
11 E Main Street, Tuckerton, NJ 08087
COMMERCIAL - Tuckerton, NJ
Property Size1,115 SF
Price / SF$300.45
Days on Market49
Property Features for 11 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot, Paved or Surfaced
Exterior features
Lighting
Lot features
Level
Directions
Route 539 to Route 9 South - Property is on your right side
Subdivision
Greater Tuckerton
Standard status
Active
APN
33-00013-0000-00020
Size
1,115 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3297
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Roof type
Shingle
Listing Agency:
Keller Williams Preferred Properties, Ship Bottom · Keller Williams Realty
(609) 324-7600
Listed By:
Donna T Wilson
(609) 324-7600
Added: Jun 24
Changed: Aug 4
Last Checked: Aug 11 at 4:06AM
MLS# 22619173
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 for-sale retail property has been newly renovated and is configured as a two-unit commercial building. The layout supports flexible use, whether an owner-operator wants to occupy one space while leasing the other, or an investor prefers to hold both units. The building’s condition and updated finish are key considerations for tenants and buyers looking for a ready-to-activate retail environment.
Located at 11 E Main Street in Tuckerton, New Jersey, the property is positioned in the town’s business district. The public remarks note convenience to the Garden State Parkway and nearby public transportation, as well as proximity to the Tuckerton Seaport, local shops and restaurants, and area attractions, supporting everyday accessibility for customers and clients.
With two separate retail units, the property can fit a range of retail and service business concepts that benefit from a storefront presence. The building’s updated condition, combined with an arrangement that allows either single or combined occupancy, may appeal to retailers, small businesses, and investors seeking a straightforward commercial ownership structure in a revitalized local corridor.
Located at 11 E Main Street in Tuckerton, New Jersey, the property is positioned in the town’s business district. The public remarks note convenience to the Garden State Parkway and nearby public transportation, as well as proximity to the Tuckerton Seaport, local shops and restaurants, and area attractions, supporting everyday accessibility for customers and clients.
With two separate retail units, the property can fit a range of retail and service business concepts that benefit from a storefront presence. The building’s updated condition, combined with an arrangement that allows either single or combined occupancy, may appeal to retailers, small businesses, and investors seeking a straightforward commercial ownership structure in a revitalized local corridor.
Key Highlights
- Newly renovated two‑unit commercial property in Tuckerton, NJ 08087
- Forced air heating with central air conditioning
- Public water and public sewer connections
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
355
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Wawa
Shops & Services
13,951 visits/mo
0.2 miles
Dunkin' Donuts
Dining
9,682 visits/mo
0.0 miles
Wells Fargo
Shops & Services
4,098 visits/mo
0.0 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?
Retail space - Newly renovated two-unit retail building on East Main Street, offering flexible occupancy and convenient access to nearby attractions.
Where is this retail space 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, NJ 08087; Forced air heating with central air conditioning; Public water and public sewer connections
