Water-View Mixed-Use
For Sale
$1,175,000
11 W Front Street Unit 11, Keyport, NJ 07735
Street-level retail combines with two full-floor residential apartments in a flexible commercial-use building.
Property Size5,268 SF
Price / SF$223.04
Days on Market278
Property Features for 11 W Front Street Unit 11
General Information
Standard status
Active
Size
5,268 SF
Property subtype
Mixed Use
Zoning
GC
Additional Details
Multifamily Units
2
Amenities
water views
3
Parking.
Off Site, On Street.
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
Coldwell Banker Realty
(347) 579-9277
Listed By:
Michael Viktorenko · License #2191129
(347) 579-9277
Source:
Xome
Added: Nov 27, 2025
Changed: Aug 31
Last Checked: Aug 31 at 1:25PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located at 11 W Front Street Unit 11 in Keyport, New Jersey, this 5,268-square-foot mixed-use building includes a street-level retail space and two full-floor apartments above. The residential units are configured with four or five bedrooms, and water views extend across the apartments and commercial setting.
The property is zoned GC, or General Commercial, supporting a mixed-use configuration subject to applicable approvals. Built in 1900, the building includes off-site and on-street parking. Its combination of retail frontage, expansive residential floors, and water-oriented setting creates a distinct commercial property profile in the Keyport market.
The property is zoned GC, or General Commercial, supporting a mixed-use configuration subject to applicable approvals. Built in 1900, the building includes off-site and on-street parking. Its combination of retail frontage, expansive residential floors, and water-oriented setting creates a distinct commercial property profile in the Keyport market.
Key Highlights
- 5,268‑square‑foot mixed‑use building
- Street‑level retail space on the first floor
- Two whole‑floor apartments with four or five bedrooms each
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
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 combines with two full-floor residential apartments in a flexible commercial-use building.
Where is this mixed-use property located?
The property is located at 11 W Front Street Unit 11 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; Street‑level retail space on the first floor; Two whole‑floor apartments with four or five bedrooms each
