Mixed-Use Property with Private
New
For Sale
$1,700,000
300 Broad Street, Red Bank, NJ 07701
Income-producing property combining professional commercial space, a residential apartment, and a detached garage with loft.
Property Size3,769 SF
Price / SF$451.05
Days on Market3
Property Features for 300 Broad Street
General Information
Standard status
Active
Size
3,769 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$17,633
Amenities
Central air
Baseboard Heating
Central Air Cooling
On Site
On Street
Shingle Roof
Sidewalks
Wood Flooring
Building Details
Year Built
1901
Listing Agency:
REAL BROKER, LLC- FAIRFIELD
(855) 450-0442
Listed By:
JOHNNY GUAN
(732) 746-3654
Source:
Corcoran
Added: Sep 15
Changed: Sep 16
Last Checked: Sep 16 at 2:28PM
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 REAL BROKER, LLC- FAIRFIELD
Investment Insights
Based on property information with market context.
Built in 1901, this 3,769-square-foot mixed-use property combines a first-floor commercial suite with a separate second-floor residence. The commercial area includes reception space, private offices, treatment or conference rooms, hardwood flooring, a full bath, kitchenette, and a full basement for storage. The apartment has two bedrooms, an eat-in kitchen, living room, full bath, hardwood floors, and a private entrance. Plans are in place to reconfigure the apartment into four bedrooms.
A detached three-car garage with loft space adds another functional component and is currently used as a sports facility. The property occupies a prominent corner position with a private parking lot and additional street parking. It is located on Broad Street in Red Bank near restaurants, shopping, entertainment, the train station, the Garden State Parkway, major transportation routes, and the Fort Monmouth area.
A detached three-car garage with loft space adds another functional component and is currently used as a sports facility. The property occupies a prominent corner position with a private parking lot and additional street parking. It is located on Broad Street in Red Bank near restaurants, shopping, entertainment, the train station, the Garden State Parkway, major transportation routes, and the Fort Monmouth area.
Key Highlights
- 3,769‑square‑foot mixed‑use property built in 1901
- First‑floor commercial space with offices, treatment or conference rooms, kitchenette, full bath, and basement storage
- Separate second‑floor two‑bedroom apartment with private entrance
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
$57,960
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
3.41%
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%
$1,159,200
$1.2M
Cap Rate 7%
$828,000
$828.0K
Cap Rate 9%
$644,000
$644.0K
Market Conditions
NOI Build-Up for 3,769 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
$113.1K $30.00/SF
− Vacancy
−$7.7K −$2.04/SF
EGI
$105.4K $27.96/SF
− OpEx
−$47.4K −$12.58/SF
NOI
$58.0K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,159,200
Cap Rate 7%
$828,000
Cap Rate 9%
$644,000
Alternative Uses
Best Use
Apartment 5plus
$828.0K
$724.5K – $966.0K
NOI $57,960 @ 7.0% cap · market cap 3.41%
Second Best
Office B
$823.8K
$720.8K – $961.1K
NOI $57,666 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$984.2K
$861.1K – $1.15M
NOI $68,891 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing property combining professional commercial space, a residential apartment, and a detached garage with loft.
Where is this mixed-use property located?
The property is located at 300 Broad Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 3,769‑square‑foot mixed‑use property built in 1901; First‑floor commercial space with offices, treatment or conference rooms, kitchenette, full bath, and basement storage; Separate second‑floor two‑bedroom apartment with private entrance
