Mendham Mixed-Use Commercial
18 E Main St Mendham, NJ 07945
For Sale
$725,000
Pending
Commercial space, apartment, and garage bays in high-traffic location.
Property Size2,428 SF
Lot Size0.26 Acres
Days on Market213
Property Features for 18 E Main St
General Information
Standard status
Pending
Size
2,428 SF
Lot size
0.26 Acres
Property subtype
Commercial
Building Details
Year Built
1870
Listing Agency:
COLDWELL BANKER REALTY
(973) 543-2552
Listed By:
JENNIFER VONGAS
Source:
Corcoran
Added: Dec 27, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:32AM
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.
This mixed-use property is located on East Main Street in Mendham, New Jersey, offering a high-visibility, high-traffic location suitable for retail, office, medical, boutique fitness, or professional services. The property includes commercial space on the first floor, a one-bedroom apartment on the second floor, and three garage bays. The updated space features excellent Main Street exposure, large display windows, high ceilings, and an open, flexible floor plan. Ample on-site and street parking is available. The property is located steps from local restaurants, shops, and town services. It provides easy access to Routes 24, 206, and I-287. The property offers strong demographics, consistent foot traffic, and a vibrant community atmosphere. The property size is 2428 square feet. The previous tenant was a dental professional. The property is available immediately.
Key Highlights
- High‑visibility, high‑traffic location on East Main Street in Mendham, NJ, ideal for various commercial uses.
- Mixed‑use property: Commercial space on 1st floor, 1‑bedroom apartment on 2nd floor, and 3 garage bays.
- Updated space with excellent Main Street exposure, large display windows, high ceilings, and flexible floor plan.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.8k | $30.00 |
| − Vacancy | −$23.3k | −$9.60 |
| EGI | $49.5k | $20.40 |
| − OpEx | −$12.4k | −$5.10 |
| NOI | $37.1k | $15.30 |
2,428 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$530.7K
$464.4K – $619.1K
NOI $37,148 @ 7.0% cap · market cap 5.12%
Second Best
Healthcare Medical
$516.5K
$451.9K – $602.5K
NOI $36,152 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$634.0K
$554.8K – $739.7K
NOI $44,380 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space, apartment, and garage bays in high-traffic location.
Where is this mixed-use property located?
The property is located at 18 E Main St Mendham, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High‑visibility, high‑traffic location on East Main Street in Mendham, NJ, ideal for various commercial uses.; Mixed‑use property: Commercial space on 1st floor, 1‑bedroom apartment on 2nd floor, and 3 garage bays.; Updated space with excellent Main Street exposure, large display windows, high ceilings, and flexible floor plan.
