Mixed-Use Property with
New
For Sale
$1,700,000
300 Broad Street, Red Bank, NJ 07701
Commercial Sale, Red Bank, NJ
Property Size3,769 SF
Lot Size0.26 Acres
Price / SF$451.05
Days on Market1
Property Features for 300 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Multi-Use
Rooms
Basement
Parking features
On Street, Parking Lot
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
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: Sep 15
Last Checked: Sep 15 at 2:06PM
MLS# 22629083
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 3,769-square-foot mixed-use property at 300 Broad Street includes commercial space on the first floor and a separate two-bedroom apartment above. The business area provides reception space, private offices, treatment or conference rooms, hardwood flooring, a full bath, kitchenette, and basement storage. The upper residence has its own entrance, hardwood floors, an eat-in kitchen, living room, and full bath. Plans are in place to reconfigure the apartment into four bedrooms.
A detached three-car garage with loft space adds another functional structure to the property. The garage is currently used as a sports facility and may offer additional flexibility for office, professional, recreational, storage, or other permitted uses. The 0.26-acre corner property also includes a private parking lot and on-street parking. It is located on Broad Street in Red Bank, near downtown restaurants, retail, entertainment, the train station, Garden State Parkway, and Fort Monmouth.
A detached three-car garage with loft space adds another functional structure to the property. The garage is currently used as a sports facility and may offer additional flexibility for office, professional, recreational, storage, or other permitted uses. The 0.26-acre corner property also includes a private parking lot and on-street parking. It is located on Broad Street in Red Bank, near downtown restaurants, retail, entertainment, the train station, Garden State Parkway, and Fort Monmouth.
Key Highlights
- 3,769‑square‑foot mixed‑use property at 300 Broad Street, Red Bank
- 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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,418
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial and residential property with private parking, a detached garage, and flexible office or professional-use space.
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 at 300 Broad Street, Red Bank; 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
