Four-Unit Mixed-Use
For Sale
$1,390,000
40 Broad St, Eatontown, NJ 07724
B-1 zoning and a four-unit layout create flexible commercial occupancy options.
Property Size4,368 SF
Price / SF$347.50
Days on Market47
Property Features for 40 Broad St
General Information
Standard status
Active
Size
4,368 SF
Total Parking Spaces
25
Property subtype
Commercial
Zoning
B-1
Taxes and HOA fees
Annual Taxes
$14,184
Building Details
Building Size
4,368 SF
Year Built
1910
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Welcome Home
Listed By:
Paul Kiernan · License #458170
(732) 492-7271
Source:
Elliman
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 24 at 7:18PM
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 RE/MAX Welcome Home
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Investment Insights
Based on property information with market context.
Located at 40 Broad Street in Eatontown, this mixed-use property contains approximately 4,000 square feet arranged across four individual units. The configuration can accommodate an owner-user, investment ownership, or a combination of both. Built in 1910, the property also provides approximately 25 parking spaces along with additional room for commercial vehicles, supporting businesses with service vans, fleet vehicles, contractor equipment, or outdoor vehicle storage needs.
The property is situated within Eatontown’s B-1 zoning district, with the source information identifying potential applications including retail, business or professional services, restaurant, health care, and child care uses. It is located just minutes from the future Netflix Studios at Fort Monmouth and within the Fort Monmouth corridor, where surrounding investment and redevelopment are noted. The property also has a walk score of 62 and a bike score of 45.
The property is situated within Eatontown’s B-1 zoning district, with the source information identifying potential applications including retail, business or professional services, restaurant, health care, and child care uses. It is located just minutes from the future Netflix Studios at Fort Monmouth and within the Fort Monmouth corridor, where surrounding investment and redevelopment are noted. The property also has a walk score of 62 and a bike score of 45.
Key Highlights
- Approximately 4,000 square feet divided among four individual units
- Approximately 25 parking spaces plus additional commercial vehicle space
- Located in Eatontown’s B‑1 zoning district
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,000
Cap Rate
3.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,000
$1.1M
Cap Rate 7%
$771,429
$771.4K
Cap Rate 9%
$600,000
$600.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$96.0K $24.00/SF
− Vacancy
−$9.6K −$2.40/SF
EGI
$86.4K $21.60/SF
− OpEx
−$32.4K −$8.10/SF
NOI
$54.0K $13.50/SF
Area
Monmouth County, NJ
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,080,000
Cap Rate 7%
$771,429
Cap Rate 9%
$600,000
Alternative Uses
Best Use
Mixed Use
$771.4K
$675.0K – $900.0K
NOI $54,000 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Explore this area
Business Placement
Demographics for 07724, NJ
23,494
Population
10,424
Households
2.3
Avg Household Size
44
Median Age
45%
College-Educated
92%
High-School Grad
12.1 sq mi
ZIP Area
1,942
Density / Sq Mi
$99,170
Median Household Income
$53,234
Median Earnings
$1,640
Median Rent
$487,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - B-1 zoning and a four-unit layout create flexible commercial occupancy options.
Where is this mixed-use property located?
The property is located at 40 Broad St Eatontown, NJ.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: Approximately 4,000 square feet divided among four individual units; Approximately 25 parking spaces plus additional commercial vehicle space; Located in Eatontown’s B‑1 zoning district
