Office Units with Display
For Sale
$269,900
Pending
26 S Main Street, New Egypt, NJ 08533
COMMERCIAL - New Egypt, NJ
Property Size1,224 SF
Lot Size0.99 Acres
Days on Market220
Property Features for 26 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
On Street, Parking Lot
Exterior features
Display Window, Lighting
Fencing
Fenced
Basement
Crawl Space
Lot features
Level, Sidewalks
Directions
Main St
Subdivision
New Egypt
Standard status
Pending
APN
01-00265-0000-00003
Size
1,224 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3971
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
1
Flooring type
Wood, Tile
Roof type
Shingle
Listing Agency:
Keller Williams Premier Office · Keller Williams Realty
(609) 459-5100
Listed By:
Annamarie Comforte
(609) 459-5100
Added: Jan 13
Changed: Aug 6
Last Checked: Aug 21 at 10:06AM
MLS# 22601080
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.
Office units at 26 S Main Street in New Egypt, NJ offer a flexible layout with a downstairs commercial setup and an upstairs unit. The upstairs unit is currently rented, creating an additional stream of income.
The property sits on 0.99 acres and includes 1,224 square feet of building area. Built in 1930, the exterior includes a display window and exterior lighting, with shingle roofing and a fenced area. Interior finishes include tile and wood flooring, and the space is served by central air.
Public water and public sewer are available to support a wide range of professional uses such as office and similar service-oriented operations. Parking is available via both on-street parking and a parking lot, accommodating customer and tenant access.
The property sits on 0.99 acres and includes 1,224 square feet of building area. Built in 1930, the exterior includes a display window and exterior lighting, with shingle roofing and a fenced area. Interior finishes include tile and wood flooring, and the space is served by central air.
Public water and public sewer are available to support a wide range of professional uses such as office and similar service-oriented operations. Parking is available via both on-street parking and a parking lot, accommodating customer and tenant access.
Key Highlights
- 0.99‑acre lot with 1,224 SF office‑unit building
- Upstairs unit is currently rented, providing additional rental income
- Built in 1930 with shingle roof
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
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
188
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 - Office units with central air, public water and sewer, and tile and wood flooring.
Where is this office units located?
The property is located at 26 S 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: 0.99‑acre lot with 1,224 SF office‑unit building; Upstairs unit is currently rented, providing additional rental income; Built in 1930 with shingle roof
