Two-Level Mixed-Use
For Sale
$749,000
Pending
12 W Front Street, Red Bank, NJ 07701
COMMERCIAL - Red Bank, NJ
Property Size1,807 SF
Days on Market258
Property Features for 12 W Front Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking features
Offsite
Directions
Near Broad St. and W. Front St intersection
Standard status
Pending
APN
39-00009-01-00012
Size
1,807 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10222
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
2
Listing Agency:
Bahrs Real Estate, LLC
(732) 927-4443
Listed By:
Marlene Harper
(732) 927-4443
Added: Nov 24, 2025
Changed: Aug 4
Last Checked: Aug 9 at 11:06PM
MLS# 22535272
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 1,807-square-foot mixed-use building combines a first-floor hair salon with a one-bedroom apartment on the second level. The two-level configuration supports separate commercial and residential components within one property.
Located at 12 W Front Street in Red Bank, the building sits near the Broad Street and Front Street intersection. Public water and public sewer serve the property, and parking is available offsite.
Located at 12 W Front Street in Red Bank, the building sits near the Broad Street and Front Street intersection. Public water and public sewer serve the property, and parking is available offsite.
Key Highlights
- 1,807‑square‑foot mixed‑use building
- First‑floor hair salon
- Second‑level one‑bedroom apartment
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
$25,792
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
3.44%
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%
$515,840
$515.8K
Cap Rate 7%
$368,457
$368.5K
Cap Rate 9%
$286,578
$286.6K
Market Conditions
NOI Build-Up for 1,807 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
$39.0K $21.60/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$36.8K $20.39/SF
− OpEx
−$11.1K −$6.12/SF
NOI
$25.8K $14.27/SF
Area
Monmouth 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%
$515,840
Cap Rate 7%
$368,457
Cap Rate 9%
$286,578
Alternative Uses
Best Use
Retail
$368.5K
$322.4K – $429.9K
NOI $25,792 @ 7.0% cap · market cap 3.44%
Second Best
Mixed Use
$348.5K
$304.9K – $406.6K
NOI $24,395 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$471.8K
$412.9K – $550.5K
NOI $33,029 @ 7.0% cap · market cap 4.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
3,228
Businesses Nearby
113k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Dining 31%
Electronics 7%
Apparel 3%
Wawa
Shops & Services
25,488 visits/mo
0.3 miles
Dunkin' Donuts
Dining
12,301 visits/mo
0.0 miles
Citizens Bank
Shops & Services
11,395 visits/mo
0.2 miles
Starbucks
Dining
9,912 visits/mo
0.3 miles
Bank of America
Shops & Services
8,100 visits/mo
0.4 miles
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
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?
Mixed-use property - First-floor salon space is paired with a one-bedroom apartment on the level above.
Where is this mixed-use property located?
The property is located at 12 W Front Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 1,807‑square‑foot mixed‑use building; First‑floor hair salon; Second‑level one‑bedroom apartment
