Conventional Restaurant
For Sale
$275,000
1116 S Main St, West Creek, NJ 08092
Restaurant property established in 1957 at a West Creek address.
Property Size672 SF
Days on Market53
Property Features for 1116 S Main St
General Information
Standard status
Active
Size
672 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,893
Building Details
Building Size
672 SF
Year Built
1957
Stories
2
Listing Agency:
C21/ Action Plus Realty
Listed By:
Joan L Velardi · License #NJ 0337813
(800) 299-2129
Source:
Elliman
Added: Sep 15
Changed: Oct 31
Last Checked: Nov 4 at 12:40PM
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 C21/ Action Plus Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This conventional restaurant property was built in 1957 and is located at 1116 S Main St in West Creek, NJ 08092.
The surrounding area records a Walk Score of 25, categorized as Car-Dependent, and a Bike Score of 39, categorized as Somewhat Bikeable.
The surrounding area records a Walk Score of 25, categorized as Car-Dependent, and a Bike Score of 39, categorized as Somewhat Bikeable.
Key Highlights
- Conventional restaurant property
- Built in 1957
- 1116 S Main St, West Creek, NJ 08092
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,277
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,540
$205.5K
Cap Rate 7%
$146,814
$146.8K
Cap Rate 9%
$114,189
$114.2K
Market Conditions
NOI Build-Up for 672 SF
Gross rent
$14.5K $21.60/SF
− Vacancy
−$813 −$1.21/SF
EGI
$13.7K $20.39/SF
− OpEx
−$3.4K −$5.10/SF
NOI
$10.3K $15.29/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,540
Cap Rate 7%
$146,814
Cap Rate 9%
$114,189
Alternative Uses
Best Use
Specialty Retail
$146.8K
$128.5K – $171.3K
NOI $10,277 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$175.5K
$153.5K – $204.7K
NOI $12,283 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08092, NJ
3,596
Population
1,475
Households
2.4
Avg Household Size
44
Median Age
36%
College-Educated
96%
High-School Grad
22.9 sq mi
ZIP Area
157
Density / Sq Mi
$97,058
Median Household Income
$57,931
Median Earnings
$1,408
Median Rent
$473,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Conventional restaurants in Ocean County, NJ
Properties on Market for Conventional restaurants in Ocean County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property established in 1957 at a West Creek address.
Where is this conventional restaurant located?
The property is located at 1116 S Main St West Creek, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Conventional restaurant property; Built in 1957; 1116 S Main St, West Creek, NJ 08092
