Four-Unit Mixed-Use
New
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 Market3
Property Features for 40 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
25
Parking features
Off Street, Offsite, Open, Paved or Surfaced, Guest, Parking Lot
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
Shingle, Asphalt
Listing Agency:
RE/MAX Welcome Home
(732) 212-9900
Listed By:
Paul Kiernan · License #458170
(732) 492-7271
Added: Sep 9
Last Checked: Sep 11 at 2:06AM
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.
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 = 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
$66,830
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
4.81%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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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
