Four-Unit Mixed-Use
For Sale
$1,390,000
40 Broad Street, Eatontown, NJ 07724
Commercial Sale, Eatontown, NJ
Property Size4,368 SF
Lot Size0.60 Acres
Price / SF$318.22
Days on Market48
Property Features for 40 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
25
Parking features
Parking Lot, Paved or Surfaced, Open, Offsite, Guest, Off Street
Basement
Crawl Space
Directions
Main St to Broad St
Standard status
Active
APN
12-01001-0000-00008
Size
4,368 SF
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14184
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1910
Floors in Building
2
Roof type
Asphalt, Shingle
Listing Agency:
RE/MAX Welcome Home
Listed By:
Paul Kiernan
(732) 212-9900
Added: Sep 9
Changed: Oct 21
Last Checked: Oct 26 at 12:06PM
MLS# 22628338
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Located at 40 Broad Street, this mixed-use commercial property is arranged as four individual units, supporting flexible occupancy for an owner-user, investor, or combination of both. The building dates to 1910 and includes forced-air heating, central air, a shingle and asphalt roof, public water, and public sewer. On-site parking includes approximately 25 spaces, along with additional capacity for commercial vehicles.
The property is situated in Eatontown's B-1 zoning district and is positioned near the future Netflix Studios at Fort Monmouth. Its configuration, vehicle capacity, and commercial zoning provide a practical setting for businesses seeking multiple units and on-site parking in the Fort Monmouth corridor.
The property is situated in Eatontown's B-1 zoning district and is positioned near the future Netflix Studios at Fort Monmouth. Its configuration, vehicle capacity, and commercial zoning provide a practical setting for businesses seeking multiple units and on-site parking in the Fort Monmouth corridor.
Key Highlights
- Four individual commercial units within a mixed‑use property
- Approximately 25 parking spaces
- Additional space for commercial vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,830
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,336,600
$1.3M
Cap Rate 7%
$954,714
$954.7K
Cap Rate 9%
$742,556
$742.6K
Market Conditions
NOI Build-Up for 4,368 SF
Gross rent
$131.0K $30.00/SF
− Vacancy
−$41.9K −$9.60/SF
EGI
$89.1K $20.40/SF
− OpEx
−$22.3K −$5.10/SF
NOI
$66.8K $15.30/SF
Area
Monmouth County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,336,600
Cap Rate 7%
$954,714
Cap Rate 9%
$742,556
Alternative Uses
Best Use
Office B
$954.7K
$835.4K – $1.11M
NOI $66,830 @ 7.0% cap · market cap 4.81%
Second Best
Mixed Use
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$1.14M
$998.0K – $1.33M
NOI $79,840 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
672
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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - B-1-zoned commercial property with four separate units and substantial on-site parking and vehicle capacity.
Where is this mixed-use property located?
The property is located at 40 Broad Street 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: Four individual commercial units within a mixed‑use property; Approximately 25 parking spaces; Additional space for commercial vehicles
