Storefront Retail
For Sale
$659,000
42 Broad Street, Keyport, NJ 07735
Retail storefront property for sale at 42 Broad Street in Keyport, NJ.
Property Size2,900 SF
Days on Market139
Property Features for 42 Broad Street
General Information
Standard status
Active
Size
2,900 SF
Zoning
Mixed, Commercial
Net Operating Income
$2,026
Taxes and HOA fees
Annual Taxes
$9,075
Amenities
Forced Air
Full, Storage Space
On Street, Parking Lot
Building Details
Building Size
2,900 SF
Year Built
1900
Stories
2
Listing Agency:
HERITAGE HOUSE SOTHEBY'S INTERNATIONAL REALTY
(732) 946-9200
Listed By:
Dennis Fotopoulos · License #2297828
(732) 946-9200
Source:
Evrealestate
Added: Apr 10
Changed: Aug 14
Last Checked: Aug 26 at 6:46AM
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 HERITAGE HOUSE SOTHEBY'S INTERNATIONAL REALTY
Investment Insights
Based on property information with market context.
This storefront retail property at 42 Broad Street in Keyport, New Jersey is offered for sale. The listing is positioned for straightforward access from the main road along Broad Street.
Directions are provided as: take Route 36 to Broad Street, cross Maple, cross Front, and the building is on the left.
The offering is classified as retail space within the storefront property and retail property categories. Additional interior details, size, condition, and tenant/usage information were not included in the provided remarks.
Directions are provided as: take Route 36 to Broad Street, cross Maple, cross Front, and the building is on the left.
The offering is classified as retail space within the storefront property and retail property categories. Additional interior details, size, condition, and tenant/usage information were not included in the provided remarks.
Key Highlights
- Retail storefront property for sale at 42 Broad Street, Keyport, NJ (Monmouth County)
- Heating: forced air
- Full basement with storage space
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
$41,393
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
6.28%
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%
$827,860
$827.9K
Cap Rate 7%
$591,329
$591.3K
Cap Rate 9%
$459,922
$459.9K
Market Conditions
NOI Build-Up for 2,900 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
$62.6K $21.60/SF
− Vacancy
−$3.5K −$1.21/SF
EGI
$59.1K $20.39/SF
− OpEx
−$17.7K −$6.12/SF
NOI
$41.4K $14.27/SF
Area
Monmouth 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%
$827,860
Cap Rate 7%
$591,329
Cap Rate 9%
$459,922
Alternative Uses
Best Use
Retail
$591.3K
$517.4K – $689.9K
NOI $41,393 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$757.2K
$662.6K – $883.5K
NOI $53,007 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07735, NJ
18,652
Population
8,411
Households
2.2
Avg Household Size
42
Median Age
33%
College-Educated
92%
High-School Grad
4.9 sq mi
ZIP Area
3,807
Density / Sq Mi
$98,760
Median Household Income
$57,988
Median Earnings
$1,520
Median Rent
$384,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property for sale at 42 Broad Street in Keyport, NJ.
Where is this storefront property located?
The property is located at 42 Broad Street Keyport, NJ.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Retail storefront property for sale at 42 Broad Street, Keyport, NJ (Monmouth County); Heating: forced air; Full basement with storage space
