Mixed-Use Property with
For Sale
$2,400,000
1302 Monmouth Road, Eastampton, NJ 08060
Commercial Sale, Eastampton, NJ
Property Size24,829 SF
Lot Size0.57 Acres
Price / SF$96.66
Days on Market8
Property Features for 1302 Monmouth Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot, Open
Security features
Security System
Interior features
Handicapped, Refrigeration
Exterior features
Lighting, Outdoor Shower
Accessibility
Accessible Approach with Ramp
Lot features
Corner Lot
Directions
Use GPS
Standard status
Active
APN
11-00600-0000-00007-01
Size
24,829 SF
Lot size
0.57 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
22599
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1981
Floors in Building
2
Building materials
Block, Log
Listing Agency:
Imperial Realty Properties
(732) 226-7466
Listed By:
Giana Piccini
(732) 226-7466
Added: Aug 25
Changed: Sep 1
Last Checked: Sep 1 at 4:06PM
MLS# 22626607
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 mixed-use commercial property combines a multi-tenant strip mall with a fully built-out restaurant area. The restaurant component includes existing furniture, fixtures, and equipment, along with refrigeration, central air, forced-air heating, and an accessible approach with ramp. A liquor license is also included, while the business name is excluded from the sale.
The property occupies 0.57 acres and contains 24,829 square feet. Built in 1981, it offers an open parking lot, road frontage, and access to major highways. Public water and public sewer serve the site. The improvements also include exterior lighting, an outdoor shower, block and log construction materials, and handicapped accessibility features.
The property occupies 0.57 acres and contains 24,829 square feet. Built in 1981, it offers an open parking lot, road frontage, and access to major highways. Public water and public sewer serve the site. The improvements also include exterior lighting, an outdoor shower, block and log construction materials, and handicapped accessibility features.
Key Highlights
- 24,829‑square‑foot mixed‑use property on 0.57 acres
- Multi‑tenant strip mall with fully built‑out restaurant area
- Restaurant sale includes existing furniture, fixtures, and equipment
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
$210,657
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
8.78%
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%
$4,213,140
$4.2M
Cap Rate 7%
$3,009,386
$3.0M
Cap Rate 9%
$2,340,633
$2.3M
Market Conditions
NOI Build-Up for 24,829 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
$393.3K $15.84/SF
− Vacancy
−$56.2K −$2.27/SF
EGI
$337.1K $13.57/SF
− OpEx
−$126.4K −$5.09/SF
NOI
$210.7K $8.48/SF
Area
Burlington County, NJ
Vacancy
14.30%
Lease Rate
$15.84 /SF/Yr
Expense Ratio
37.50%
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%
$4,213,140
Cap Rate 7%
$3,009,386
Cap Rate 9%
$2,340,633
Alternative Uses
Best Use
Retail
$5.30M
$4.64M – $6.19M
NOI $371,293 @ 7.0% cap · market cap 15.47%
Second Best
Specialty Retail
$4.57M
$4.00M – $5.34M
NOI $320,108 @ 7.0% cap · market cap 13.34%
Theoretical Best
Warehouse
$51.93M
$45.44M – $60.58M
NOI $3,635,056 @ 7.0% cap · market cap 151.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
Dunkin' Donuts
Dining
7,749 visits/mo
0.2 miles
Lukoil
Shops & Services
6,486 visits/mo
0.1 miles
Demographics for 08060, NJ
25,426
Population
10,198
Households
2.5
Avg Household Size
38
Median Age
38%
College-Educated
96%
High-School Grad
21.6 sq mi
ZIP Area
1,177
Density / Sq Mi
$107,165
Median Household Income
$59,035
Median Earnings
$1,619
Median Rent
$292,000
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 - Multi-tenant retail space includes an equipped restaurant buildout and on-site open parking.
Where is this mixed-use property located?
The property is located at 1302 Monmouth Road Eastampton, NJ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 24,829‑square‑foot mixed‑use property on 0.57 acres; Multi‑tenant strip mall with fully built‑out restaurant area; Restaurant sale includes existing furniture, fixtures, and equipment
