Mixed-Use Building with Private
For Sale
$1,999,900
300 Broad Street, Red Bank, NJ 07701
COMMERCIAL - Red Bank, NJ
Property Size3,769 SF
Lot Size0.26 Acres
Price / SF$530.62
Days on Market48
Property Features for 300 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Multi-Use
Rooms
Basement
Parking features
Parking Lot, On Street
Exterior features
Lighting
Basement
Full
Lot features
Sidewalks
Directions
Broad Street Red Bank across from Wells Fargo Bank.
Standard status
Active
APN
39-00099-0000-00014
Size
3,769 SF
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17633
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air
Water source
Public
Amenities
reception area
private offices
physical therapy/exam room
hardwood floors
full bath
kitchenette
full basement
Building Details
Year built
1901
Floors in Building
2
Flooring type
Wood
Roof type
Shingle
Listing Agency:
Real Broker, LLC- Fairfield
(855) 450-0442
Listed By:
Johnny Guan
(732) 746-3654
Added: Jul 21
Changed: Aug 7
Last Checked: Sep 6 at 2:06AM
MLS# 22622193
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.
This mixed-use property includes a first-floor commercial office with a separate private entrance and handicap accessibility. The space features a reception area, four private offices, and a physical therapy/exam room, along with a full bath, kitchenette, hardwood floors, and a full basement for storage.
A separate second-floor residential apartment also has a private entrance and hardwood floors throughout, with an eat-in kitchen, living room, two bedrooms, and a full bath.
The property sits on a corner lot with a private parking lot and street parking, and it includes a detached accessory building that can provide additional space for flexible uses.
A separate second-floor residential apartment also has a private entrance and hardwood floors throughout, with an eat-in kitchen, living room, two bedrooms, and a full bath.
The property sits on a corner lot with a private parking lot and street parking, and it includes a detached accessory building that can provide additional space for flexible uses.
Key Highlights
- Mixed‑use property with first‑floor commercial office and separate second‑floor residential apartment, each with a private entrance
- Approximately 1,000 sq. ft. handicap‑accessible commercial space with reception, 4 private offices, therapy/exam room, full bath, and kitchenette
- Hardwood floors in both the commercial space and second‑floor apartment; apartment includes eat‑in kitchen, living room, 2 bedrooms, and full bath
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
$57,666
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
2.88%
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%
$1,153,320
$1.2M
Cap Rate 7%
$823,800
$823.8K
Cap Rate 9%
$640,733
$640.7K
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
−$36.2K −$9.60/SF
EGI
$76.9K $20.40/SF
− OpEx
−$19.2K −$5.10/SF
NOI
$57.7K $15.30/SF
Area
Monmouth 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%
$1,153,320
Cap Rate 7%
$823,800
Cap Rate 9%
$640,733
Alternative Uses
Best Use
Office B
$823.8K
$720.8K – $961.1K
NOI $57,666 @ 7.0% cap · market cap 2.88%
Second Best
Healthcare Medical
$801.7K
$701.5K – $935.3K
NOI $56,119 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$984.2K
$861.1K – $1.15M
NOI $68,891 @ 7.0% cap · market cap 3.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,328
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
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?
Live-work space - Mixed-use property with a handicap-accessible first-floor office and a separate second-floor apartment, plus a detached accessory building.
Where is this live-work space located?
The property is located at 300 Broad Street Red Bank, NJ.
What is the asking price?
The asking price for this property is $1,999,900.
What are key features of this property?
This property features: Mixed‑use property with first‑floor commercial office and separate second‑floor residential apartment, each with a private entrance; Approximately 1,000 sq. ft. handicap‑accessible commercial space with reception, 4 private offices, therapy/exam room, full bath, and kitchenette; Hardwood floors in both the commercial space and second‑floor apartment; apartment includes eat‑in kitchen, living room, 2 bedrooms, and full bath
