Building Details

Year Built 1900

Listing Agency: Coldwell Banker Realty

Listed By: Michael Viktorenko · License #2191129 Show Phone

Source: Obrienrealtyllc

Added: Mar 5 Changed: Oct 3 Last Checked: Oct 7 at 3:13PM

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Investment Insights

Based on property information with market context.

This mixed-use investment property is located in Keyport, within Monmouth County's waterfront corridor. The property features a street-level retail space on the first floor, accompanied by two expansive apartments occupying the second and third floors. These apartments include four to five bedrooms each. All units benefit from water views. The property offers existing income potential, with value-add and redevelopment upside, including the possibility to expand or reconfigure the structure and increase unit count, subject to zoning and township approvals. Zoned GC (General Commercial), the property allows for flexible mixed-use strategies. The location benefits from continued regional growth, renewed investment activity, and expanding demand driven by major nearby development, most notably Netflix's expanding presence in Monmouth County. The property is situated in a walkable community along the Monmouth County shorefront. The building size is 5268 square feet.

Key Highlights

• Waterview property with strong tenant appeal
• Mixed‑use investment property with retail and residential units
• Value‑add and redevelopment potential, including expansion possibilities

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,118

Cap Rate

6.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,422,360 $1.4M

Cap Rate 7%

$1,015,971 $1.0M

Cap Rate 9%

$790,200 $790.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,268 SF

Gross rent

$126.4K $24.00/SF

− Vacancy

−$12.6K −$2.40/SF

EGI

$113.8K $21.60/SF

− OpEx

−$42.7K −$8.10/SF

NOI

$71.1K $13.50/SF

Area

Monmouth County, NJ

Vacancy

10.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,422,360

Cap Rate 7%

$1,015,971

Cap Rate 9%

$790,200

Alternative Uses

Best Use

Mixed Use

$1.02M

$889.0K – $1.19M (±1% cap)

NOI $71,118 @ 7.0% cap · market cap 6.05%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.38M

$1.20M – $1.60M (±1% cap)

NOI $96,291 @ 7.0% cap · market cap 8.19%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Decorators Fabrics By ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Dental Office Real Estate Agency Pharmacy Law Firm Spa & Massage Center Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Waterfront-adjacent mixed-use property with retail and residential units.

Where is this mixed-use property located?

The property is located at 11 W Front St 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: Waterview property with strong tenant appeal; Mixed‑use investment property with retail and residential units; Value‑add and redevelopment potential, including expansion possibilities