Two-Unit Storefront
For Sale
$335,000
11 Main Street, Tuckerton, NJ 08087
Newly renovated two-unit commercial storefront property for sale near major area access points.
Property Size1,115 SF
Price / SF$300.45
Days on Market50
Property Features for 11 Main Street
General Information
Standard status
Active
Size
1,115 SF
Property subtype
General Commercial
Additional Details
Office Units
2
Taxes and HOA fees
Annual Taxes
$3,297
Amenities
Central Air
3
Shingle
Unpaved.
Level
72*109*73*107
Level.
Listing Agency:
Keller Williams Preferred Properties, Ship Bottom
(609) 324-7600
Listed By:
Donna Wilson
(609) 324-7600
Source:
Xome
Added: Jun 22
Changed: Aug 9
Last Checked: Aug 10 at 2:33AM
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.
Newly renovated two-unit commercial storefront property offers a versatile setup with two separate units under one ownership, suited for an owner-occupant or investor looking to maintain flexibility.
Located at 11 E Main Street Unit 11 in Tuckerton, NJ, the property is described as being minutes from the Garden State Parkway and convenient to public transportation. It also sits near the Tuckerton Seaport, local shops and restaurants, and area attractions.
The offering provides a straightforward two-unit commercial configuration within a local business district setting, designed for occupiers or investors who want a property with built-in income potential from the second unit.
Located at 11 E Main Street Unit 11 in Tuckerton, NJ, the property is described as being minutes from the Garden State Parkway and convenient to public transportation. It also sits near the Tuckerton Seaport, local shops and restaurants, and area attractions.
The offering provides a straightforward two-unit commercial configuration within a local business district setting, designed for occupiers or investors who want a property with built-in income potential from the second unit.
Key Highlights
- Newly renovated two‑unit commercial storefront property
- Central air cooling and heating system included
- Shingle roof
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
2
Office units
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Newly renovated two-unit commercial storefront property for sale near major area access points.
Where is this storefront property located?
The property is located at 11 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 storefront property; Central air cooling and heating system included; Shingle roof
