Storefront with Electric
For Sale
$450,000
Pending
387 Main Street, West Creek, NJ 08092
A bait and tackle shop occupies the building, with the property positioned along Route 9.
Property Size2,605 SF
Lot Size0.66 Acres
Days on Market423
Property Features for 387 Main Street
General Information
Standard status
Pending
Size
2,605 SF
Lot size
0.66 Acres
Property subtype
Commercial
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Building Details
Year Built
1920
Tenancy
Single
Listing Agency:
C21/ Action Plus Realty
Listed By:
Joan L Velardi · License #0337813
(800) 299-2129
Source:
Defelicerealtygroup
Added: Sep 6, 2025
Changed: Oct 31
Last Checked: Oct 31 at 3:04AM
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 C21/ Action Plus Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront property includes an 850-square-foot building and a separate shed with electric service. A bait and tackle shop currently occupies the premises. The site contains 0.66 acres and fronts Route 9 in West Creek, New Jersey.
Key Highlights
- 850‑square‑foot building with a separate shed that has electric service
- 0.66‑acre site on Route 9
- Currently occupied by a bait and tackle shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,182
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,640
$743.6K
Cap Rate 7%
$531,171
$531.2K
Cap Rate 9%
$413,133
$413.1K
Market Conditions
NOI Build-Up for 2,605 SF
Gross rent
$56.3K $21.60/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$53.1K $20.39/SF
− OpEx
−$15.9K −$6.12/SF
NOI
$37.2K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,640
Cap Rate 7%
$531,171
Cap Rate 9%
$413,133
Alternative Uses
Best Use
Retail
$531.2K
$464.8K – $619.7K
NOI $37,182 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$680.2K
$595.2K – $793.6K
NOI $47,615 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08092, NJ
3,596
Population
1,475
Households
2.4
Avg Household Size
44
Median Age
36%
College-Educated
96%
High-School Grad
22.9 sq mi
ZIP Area
157
Density / Sq Mi
$97,058
Median Household Income
$57,931
Median Earnings
$1,408
Median Rent
$473,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - A bait and tackle shop occupies the building, with the property positioned along Route 9.
Where is this storefront property located?
The property is located at 387 Main Street West Creek, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 850‑square‑foot building with a separate shed that has electric service; 0.66‑acre site on Route 9; Currently occupied by a bait and tackle shop
