Mixed-Use Retail and Residential
For Sale
$730,000
17 E Main Street, Tuckerton, NJ 08087
Newly renovated mixed-use property with two commercial units and two residential units under one roof.
Property Size3,590 SF
Price / SF$203.34
Days on Market88
Property Features for 17 E Main Street
General Information
Standard status
Active
Size
3,590 SF
Property subtype
Commercial
Units
Multifamily Units
2
Office Units
2
Listing Agency:
Keller Williams Preferred Properties,Ship Bottom
Listed By:
Donna T Wilson
(833) 740-1234
Source:
Actionplusrealty
Added: Jun 3
Changed: Aug 28
Last Checked: Aug 26 at 9:21AM
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 Keller Williams Preferred Properties,Ship Bottom
Investment Insights
Based on property information with market context.
This newly renovated mixed-use property is configured with two commercial units and two residential units, offering multiple income streams in a single building. The building is designed to support both storefront activity and everyday living within the same structure.
Located on E Main Street in Tuckerton, the property is described as being within minutes of the Garden State Parkway and near public transportation. It is also stated to be close to the Tuckerton Seaport, local shops, restaurants, and area attractions.
For buyers seeking a versatile setup, the key takeaway is the clear split between commercial and residential spaces, providing flexibility to occupy one area while leasing the others.
Located on E Main Street in Tuckerton, the property is described as being within minutes of the Garden State Parkway and near public transportation. It is also stated to be close to the Tuckerton Seaport, local shops, restaurants, and area attractions.
For buyers seeking a versatile setup, the key takeaway is the clear split between commercial and residential spaces, providing flexibility to occupy one area while leasing the others.
Key Highlights
- Newly renovated mixed‑use property with 2 commercial units and 2 residential units under one roof
- Two commercial and two residential units provide flexible living and/or income options
- Located in the Tuckerton business district, with convenient access to local shops, restaurants, and the Tuckerton Seaport
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
$60,083
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
8.23%
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%
$1,201,660
$1.2M
Cap Rate 7%
$858,329
$858.3K
Cap Rate 9%
$667,589
$667.6K
Market Conditions
NOI Build-Up for 3,590 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
$91.8K $25.56/SF
− Vacancy
−$5.9K −$1.65/SF
EGI
$85.8K $23.91/SF
− OpEx
−$25.7K −$7.17/SF
NOI
$60.1K $16.74/SF
Area
Ocean County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /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%
$1,201,660
Cap Rate 7%
$858,329
Cap Rate 9%
$667,589
Alternative Uses
Best Use
Multifamily LT 5
$858.3K
$751.0K – $1.00M
NOI $60,083 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$788.7K
$690.1K – $920.1K
NOI $55,207 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$937.4K
$820.2K – $1.09M
NOI $65,619 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
2
Residential units
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 08087, NJ
25,191
Population
12,982
Households
1.9
Avg Household Size
49
Median Age
28%
College-Educated
94%
High-School Grad
70.1 sq mi
ZIP Area
359
Density / Sq Mi
$87,449
Median Household Income
$47,779
Median Earnings
$1,760
Median Rent
$323,500
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 - Newly renovated mixed-use property with two commercial units and two residential units under one roof.
Where is this mixed-use property located?
The property is located at 17 E Main Street Tuckerton, NJ.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Newly renovated mixed‑use property with 2 commercial units and 2 residential units under one roof; Two commercial and two residential units provide flexible living and/or income options; Located in the Tuckerton business district, with convenient access to local shops, restaurants, and the Tuckerton Seaport
