Mixed-Use
For Sale
$13,361,000
2-10 Broad St, Red Bank, NJ 07701
The property combines multiple use categories in a substantial Red Bank asset.
Property Size28,110 SF
Price / SF$475.31
Days on Market9
Property Features for 2-10 Broad St
General Information
Standard status
Active
Size
28,110 SF
Property subtype
Mixed-Use
Amenities
Irreplaceable Downtown Red Bank Location – Premier Corner Positioning at Broad & Front Streets in the Heart of One of Monmouth County's Most Desirable and Walkable Downtown Retail Districts.
Urban Outfitters Anchored | Long-Term Tenancy – Urban Outfitters Occupies 10,400 Square Feet (37% of the Property) and has Operated at the Location Since 2009
Strong In-Place Cash Flow | $801,681 NOI – The Property Generates Approximately $1.26 Million in Total Annual Income and $801,681 NOI
Building Details
Building Size
28,110 SF
Year Built
2000
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Alan Cafiero · License #License(s): NJ: 0791092
(201) 742-6118
Source:
Marcusmillichap
Added: Sep 28
Last Checked: Oct 5 at 3:00PM
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 Marcus & Millichap - New Jersey
Investment Insights
Based on property information with market context.
Located at 2-10 Broad St in Red Bank, New Jersey, this mixed-use property contains 28,110 square feet. The building was constructed in 2000.
Key Highlights
- 28,110‑square‑foot mixed‑use property
- Built in 2000
- Located at 2‑10 Broad St, Red Bank, NJ 07701
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$379,485
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,589,700
$7.6M
Cap Rate 7%
$5,421,214
$5.4M
Cap Rate 9%
$4,216,500
$4.2M
Market Conditions
NOI Build-Up for 28,110 SF
Gross rent
$674.6K $24.00/SF
− Vacancy
−$67.5K −$2.40/SF
EGI
$607.2K $21.60/SF
− OpEx
−$227.7K −$8.10/SF
NOI
$379.5K $13.50/SF
Area
Monmouth County, NJ
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,589,700
Cap Rate 7%
$5,421,214
Cap Rate 9%
$4,216,500
Alternative Uses
Best Use
Mixed Use
$5.42M
$4.74M – $6.32M
NOI $379,485 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.34M
$6.42M – $8.56M
NOI $513,806 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines multiple use categories in a substantial Red Bank asset.
Where is this mixed-use property located?
The property is located at 2-10 Broad St Red Bank, NJ.
What is the asking price?
The asking price for this property is $13,361,000.
What are key features of this property?
This property features: 28,110‑square‑foot mixed‑use property; Built in 2000; Located at 2‑10 Broad St, Red Bank, NJ 07701
