Mixed-Use Building with Studio
For Sale
$795,000
335 Maple Place Keyport, Keyport, NJ 07735
Mixed-use building with ground-floor yoga studio, a separate studio apartment, and a second-floor three-bedroom unit.
Property Size2,800 SF
Price / SF$283.93
Days on Market46
Property Features for 335 Maple Place Keyport
General Information
Standard status
Active
Size
2,800 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Zoning
NC
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,200
Amenities
Keyport
Shingle
Public Sewer
Monmouth
Active
Central Air,Multi Units
Other,See Remarks,Baseboard
2025
Follow GPS route guidance.
No
1955
Hot Water
0.0
Multi-Family
2
Acres
Keyport (KEY)
Duplex
Central
8200.0
Residential,Commercial
4791.6
Brick
399200.0
Partial,Tenant Storage
Yes
True
Level
Public
0.11
50 x 100
Paved,Off Street,On Street,None,Assigned,Double Wide
2800.0
Building Details
Building Size
2,800 SF
Year Built
1955
Stories
2
Listing Agency:
(609) 891-3848
Listed By:
Susanna Dsouza
(609) 891-3848
Source:
Remaxwelcomehomenj
Added: Jul 3
Changed: Aug 16
Last Checked: Aug 16 at 9:58AM
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 Susanna Dsouza
Investment Insights
Based on property information with market context.
This mixed-use property includes a ground-floor commercial space currently operated as a yoga studio, with a half bath. A separate first-floor studio apartment includes a kitchen, full bath, and sleeping area. The second floor provides a three-bedroom residential unit with a large living room, full bath, and abundant natural light. Additional on-site features include a whole-house generator and private driveway parking for two vehicles, along with ample street parking.
The building is located in Keyport’s NC (Neighborhood Commercial) District, which the seller states permits a range of uses, subject to municipal approvals. The property is positioned minutes from the waterfront and local destinations such as restaurants, breweries, marinas, and year-round events.
Overall, the existing layout supports combined commercial and residential use within one building, with separate living and operating areas across the first and second floors.
The building is located in Keyport’s NC (Neighborhood Commercial) District, which the seller states permits a range of uses, subject to municipal approvals. The property is positioned minutes from the waterfront and local destinations such as restaurants, breweries, marinas, and year-round events.
Overall, the existing layout supports combined commercial and residential use within one building, with separate living and operating areas across the first and second floors.
Key Highlights
- 2,800 SF mixed‑use building on a 0.11‑acre level lot (50 x 100) in Keyport’s NC District
- Ground‑floor commercial space currently used as a yoga studio with a half bath
- First‑floor studio apartment with 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
Current Use
Lease Details
2
Residential units
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
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Frequently Asked Questions
What type of property is this?
Live-work space - Mixed-use building with ground-floor yoga studio, a separate studio apartment, and a second-floor three-bedroom unit.
Where is this live-work space located?
The property is located at 335 Maple Place Keyport 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: 2,800 SF mixed‑use building on a 0.11‑acre level lot (50 x 100) in Keyport’s NC District; Ground‑floor commercial space currently used as a yoga studio with a half bath; First‑floor studio apartment with a kitchen, full bath, and sleeping area
