Downtown Mixed-Use Office
For Sale
$269,900
Pending
26 Main Street, New Egypt, NJ 08533
Commercial space at 26 S Main Street Unit 26 includes utilities access and a currently rented upstairs unit.
Property Size1,224 SF
Days on Market212
Property Features for 26 Main Street
General Information
Standard status
Pending
Size
1,224 SF
Property subtype
General Commercial
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,971
Amenities
Central Air
Tile, Wood
3
Shingle
Parking.
On Street.
Level
173 x 250
Sidewalks. Level.
Building Details
Year Built
1930
Listing Agency:
(609) 459-5100
Listed By:
Keller Williams Premier Office
(609) 459-5100
Source:
Xome
Added: Jan 11
Changed: Aug 8
Last Checked: Aug 10 at 2:40AM
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 Premier Office
Investment Insights
Based on property information with market context.
This mixed-use commercial property is offered for sale at 26 S Main Street, Unit 26, New Egypt, NJ. The space is designed to support a range of professional or personal services, with suitability noted for uses such as a medical office, tax service, spa, nail salon, art studio, or gym. Public sewer and public water are available, supporting day-to-day operations.
The property is positioned in a high-visibility downtown setting with a strong community presence. The upstairs unit is currently rented, providing $1,300 per month in rental income.
The offering includes the downstairs commercial unit along with the benefit of existing rental income from the upstairs unit.
The property is positioned in a high-visibility downtown setting with a strong community presence. The upstairs unit is currently rented, providing $1,300 per month in rental income.
The offering includes the downstairs commercial unit along with the benefit of existing rental income from the upstairs unit.
Key Highlights
- Correct address: 26 Main St (not 26 N Main), commercial space in downtown New Egypt.
- Upstairs unit is currently rented, generating $1,300/month rental income.
- Public sewer and water available for convenient operations.
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
$18,727
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
6.94%
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%
$374,540
$374.5K
Cap Rate 7%
$267,529
$267.5K
Cap Rate 9%
$208,078
$208.1K
Market Conditions
NOI Build-Up for 1,224 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
$36.7K $30.00/SF
− Vacancy
−$11.8K −$9.60/SF
EGI
$25.0K $20.40/SF
− OpEx
−$6.2K −$5.10/SF
NOI
$18.7K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$374,540
Cap Rate 7%
$267,529
Cap Rate 9%
$208,078
Alternative Uses
Best Use
Office B
$267.5K
$234.1K – $312.1K
NOI $18,727 @ 7.0% cap · market cap 6.94%
Second Best
Healthcare Medical
$260.4K
$227.8K – $303.8K
NOI $18,225 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$319.6K
$279.7K – $372.9K
NOI $22,373 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 08533, NJ
6,764
Population
2,625
Households
2.6
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
54.9 sq mi
ZIP Area
123
Density / Sq Mi
$101,982
Median Household Income
$51,358
Median Earnings
$1,662
Median Rent
$471,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercial space at 26 S Main Street Unit 26 includes utilities access and a currently rented upstairs unit.
Where is this office units located?
The property is located at 26 Main Street New Egypt, NJ.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Correct address: 26 Main St (not 26 N Main), commercial space in downtown New Egypt.; Upstairs unit is currently rented, generating $1,300/month rental income.; Public sewer and water available for convenient operations.
