Mixed-Use Office and
For Sale
$1,999,900
300 Broad Street, Red Bank, NJ 07701
Corner mixed-use property includes a first-floor handicap-accessible office and a second-floor apartment plus private parking.
Property Size3,769 SF
Price / SF$530.62
Days on Market75
Property Features for 300 Broad Street
General Information
Standard status
Active
Size
3,769 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$17,633
Amenities
Central Air
3
Other, Wood
Shingle
Parking.
On Street, On Site.
50 x 230
Sidewalks.
Building Details
Year Built
1901
Listing Agency:
Real Broker, LLC- Fairfield
(855) 450-0442
Listed By:
Johnny Guan
(855) 450-0442
Source:
Xome
Added: Jun 16
Changed: Aug 25
Last Checked: Aug 29 at 7:33AM
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.
This mixed-use property offers a first-floor commercial office and a separate second-floor residential apartment, each with its own private entrance. The approximately handicap-accessible office includes a reception area, four private offices, a physical therapy/exam room, hardwood floors, a full bath, a kitchenette, and a full basement for additional storage.
The second-floor apartment features hardwood floors throughout and includes an eat-in kitchen, living room, two bedrooms, and a full bath. The property is situated on a prominent corner lot with a private parking lot and street parking.
In addition to the main building, there is a detached accessory building that provides extra flexibility for additional office, medical or professional use, wellness or therapy practice, administrative offices, or storage.
The second-floor apartment features hardwood floors throughout and includes an eat-in kitchen, living room, two bedrooms, and a full bath. The property is situated on a prominent corner lot with a private parking lot and street parking.
In addition to the main building, there is a detached accessory building that provides extra flexibility for additional office, medical or professional use, wellness or therapy practice, administrative offices, or storage.
Key Highlights
- 1901‑built corner mixed‑use property with a first‑floor handicap‑accessible commercial office and a separate second‑floor apartment.
- ~1,000 sq. ft. first‑floor office includes reception, 4 private offices, physical therapy/exam room, hardwood floors, full bath, kitchenette, and full basement storage.
- Second‑floor apartment has hardwood floors, eat‑in kitchen, living room, 2 bedrooms, and a full bath with its own 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
$57,666
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
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner mixed-use property includes a first-floor handicap-accessible office and a second-floor apartment plus private parking.
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 $1,999,900.
What are key features of this property?
This property features: 1901‑built corner mixed‑use property with a first‑floor handicap‑accessible commercial office and a separate second‑floor apartment.; ~1,000 sq. ft. first‑floor office includes reception, 4 private offices, physical therapy/exam room, hardwood floors, full bath, kitchenette, and full basement storage.; Second‑floor apartment has hardwood floors, eat‑in kitchen, living room, 2 bedrooms, and a full bath with its own private entrance.
