Renovated Storefront
For Sale
$319,000
4 Main Street Unit 4, New Egypt, NJ 08533
Open-plan retail space with central air, high ceilings, and durable tile and concrete flooring.
Property Size1,100 SF
Price / SF$290
Days on Market194
Property Features for 4 Main Street Unit 4
General Information
Standard status
Active
Size
1,100 SF
Property subtype
General Commercial
Amenities
Central Air
3
Tile, Concrete
20 Parking Spaces.
Building Details
Year Built
1960
Year Renovated
2001
Listing Agency:
(732) 446-4959
Listed By:
Perrineville
(732) 446-4959
Source:
Xome
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 3:54PM
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 Perrineville
Investment Insights
Based on property information with market context.
This storefront property is currently occupied by an embroidery and screen-printing business. The interior features an open floor plan, a high drop ceiling, central air, and tile and concrete flooring. The building was renovated in 2001, including updates to the electrical, plumbing, and heating systems, along with the walls, windows, roof, and alarm system.
Located in the center of New Egypt, the property connects by sidewalk to a municipal parking lot at the side entrance. The site includes 20 parking spaces and offers convenient access to public parking for customers and occupants.
Located in the center of New Egypt, the property connects by sidewalk to a municipal parking lot at the side entrance. The site includes 20 parking spaces and offers convenient access to public parking for customers and occupants.
Key Highlights
- Current occupancy by an embroidery and screen‑printing company
- Open interior layout with a high drop ceiling
- 2001 renovation included electrical, plumbing, heating, walls, windows, roof, and alarm system
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
$15,701
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
4.92%
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%
$314,020
$314.0K
Cap Rate 7%
$224,300
$224.3K
Cap Rate 9%
$174,456
$174.5K
Market Conditions
NOI Build-Up for 1,100 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
$23.8K $21.60/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$22.4K $20.39/SF
− OpEx
−$6.7K −$6.12/SF
NOI
$15.7K $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 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%
$314,020
Cap Rate 7%
$224,300
Cap Rate 9%
$174,456
Alternative Uses
Best Use
Retail
$224.3K
$196.3K – $261.7K
NOI $15,701 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
188
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Home Improvements & Furnishings 17%
Wawa
Shops & Services
11,441 visits/mo
0.3 miles
Brite Lumber & Home Center
Home Improvements & Furnishings
2,611 visits/mo
0.2 miles
Truist
Shops & Services
1,257 visits/mo
0.4 miles
Demographics for 08533, NJ
6,764
Population
2,625
Households
2.6
Avg Household Size
43
Median Age
30%
College-Educated
91%
High-School Grad
54.9 sq mi
ZIP Area
123
Density / Sq Mi
$101,982
Median Household Income
$51,358
Median Earnings
$1,662
Median Rent
$471,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Linda's Florist — 11 Main St, New Egypt, NJ 08533
Frequently Asked Questions
What type of property is this?
Storefront property - Open-plan retail space with central air, high ceilings, and durable tile and concrete flooring.
Where is this storefront property located?
The property is located at 4 Main Street Unit 4 New Egypt, NJ.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: Current occupancy by an embroidery and screen‑printing company; Open interior layout with a high drop ceiling; 2001 renovation included electrical, plumbing, heating, walls, windows, roof, and alarm system
