Mixed-Use Building with
For Sale
$795,000
335 Maple Place, Keyport, NJ 07735
Live/work and rental income configuration with generator, yoga studio space, and two residential units on two levels.
Property Size2,800 SF
Price / SF$283.93
Days on Market54
Property Features for 335 Maple Place
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,200
Amenities
Assigned
Baseboard Heating
On Street
Shingle Roof
Building Details
Year Built
1955
Listing Agency:
EXIT REALTY EAST COAST SHIRVANIAN
(732) 946-2000
Listed By:
MARY HART
Source:
Corcoran
Added: Jun 19
Changed: Aug 11
Last Checked: Aug 10 at 5:18AM
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 EXIT REALTY EAST COAST SHIRVANIAN
Investment Insights
Based on property information with market context.
This 2,400 SF mixed-use building in Keyport’s NC (Neighborhood Commercial) District combines a ground-floor commercial space with two residential units. The commercial portion is currently operating as a yoga studio and includes a half bath. Zoning permits a range of uses including retail, personal service, office, wellness, and food/beverage options, subject to municipal approvals.
A separate first-floor studio apartment includes a kitchen, full bath, and sleeping area. The second floor features a spacious 3-bedroom residential unit with approximately 1,400 SF, a large living room, a full bath, and abundant natural light. Additional amenities include a whole-house generator, a private driveway for two vehicles, and ample street parking.
The property is suited to buyers looking for a flexible live/work setup or an owner/operator configuration that combines business space with rental housing. Existing improvements support continued wellness-oriented use, while the zoning range offers options for a broader mix of neighborhood-serving concepts, subject to approvals. Residential layouts provide straightforward support for multi-tenant operation or continued owner occupancy alongside a commercial use.
A separate first-floor studio apartment includes a kitchen, full bath, and sleeping area. The second floor features a spacious 3-bedroom residential unit with approximately 1,400 SF, a large living room, a full bath, and abundant natural light. Additional amenities include a whole-house generator, a private driveway for two vehicles, and ample street parking.
The property is suited to buyers looking for a flexible live/work setup or an owner/operator configuration that combines business space with rental housing. Existing improvements support continued wellness-oriented use, while the zoning range offers options for a broader mix of neighborhood-serving concepts, subject to approvals. Residential layouts provide straightforward support for multi-tenant operation or continued owner occupancy alongside a commercial use.
Key Highlights
- 2,400 SF mixed‑use building with commercial yoga studio and residential units for live/work and rental income.
- Commercial space includes a half bath and is currently occupied as a yoga studio.
- First‑floor studio apartment features a kitchen, full bath, and sleeping area.
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
$46,861
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
5.89%
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%
$937,220
$937.2K
Cap Rate 7%
$669,443
$669.4K
Cap Rate 9%
$520,678
$520.7K
Market Conditions
NOI Build-Up for 2,800 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
$71.6K $25.56/SF
− Vacancy
−$4.6K −$1.65/SF
EGI
$66.9K $23.91/SF
− OpEx
−$20.1K −$7.17/SF
NOI
$46.9K $16.74/SF
Area
Monmouth County, NJ
Vacancy
6.46%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
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%
$937,220
Cap Rate 7%
$669,443
Cap Rate 9%
$520,678
Alternative Uses
Best Use
Multifamily LT 5
$669.4K
$585.8K – $781.0K
NOI $46,861 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$615.1K
$538.2K – $717.6K
NOI $43,058 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$731.1K
$639.8K – $853.0K
NOI $51,180 @ 7.0% cap · market cap 6.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
812
Businesses Nearby
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
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?
Mixed-use property - Live/work and rental income configuration with generator, yoga studio space, and two residential units on two levels.
Where is this mixed-use property located?
The property is located at 335 Maple Place Keyport, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 2,400 SF mixed‑use building with commercial yoga studio and residential units for live/work and rental income.; Commercial space includes a half bath and is currently occupied as a yoga studio.; First‑floor studio apartment features a kitchen, full bath, and sleeping area.
