Brick Mixed-Use Building with Display
For Sale
$659,000
42 Broad Street, Keyport, NJ 07735
COMMERCIAL - Keyport, NJ
Property Size2,900 SF
Lot Size0.03 Acres
Price / SF$227.24
Days on Market128
Property Features for 42 Broad Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed, Commercial
Rooms
Basement
Parking features
Parking Lot, On Street
Exterior features
Display Window
Basement
Full
Directions
Route 36 to Broad Street, cross Maple, cross Front, building on the left.
Standard status
Active
APN
24-00021-01-00060
Size
2,900 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9075
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Wood, Tile
Building materials
Brick
Roof type
Flat
Listing Agency:
Heritage House Sotheby's International Realty
(732) 946-9200
Listed By:
Dennis Fotopoulos · License #2297828
(732) 946-9200
Added: Apr 10
Changed: Aug 7
Last Checked: Aug 15 at 4:06AM
MLS# 22609692
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.
Brick mixed-use building in downtown Keyport. The first floor is approximately 1,500 SF and suited for retail or commercial use, with exposed brick walls and a display window for storefront presence. The second floor provides approximately 1,400 SF of residential space and was previously configured as a spacious two-bedroom apartment, with renovations begun and potential for reconfiguration subject to municipal zoning and Planning Board approval.
Located at 42 Broad Street, just steps from Keyport Waterfront Park and near shops, dining, and the waterfront promenade. The property includes a flat roof, forced-air heating, and tile and wood flooring. Parking is available via on-street parking and a parking lot.
The site is 0.03 acres, with public water and public sewer services. A basement is included, and the property was built in 1900.
Located at 42 Broad Street, just steps from Keyport Waterfront Park and near shops, dining, and the waterfront promenade. The property includes a flat roof, forced-air heating, and tile and wood flooring. Parking is available via on-street parking and a parking lot.
The site is 0.03 acres, with public water and public sewer services. A basement is included, and the property was built in 1900.
Key Highlights
- Approximately 1,500 SF first floor retail or commercial space with display window and exposed brick
- Approximately 1,400 SF second floor residential space previously configured as a two‑bedroom apartment
- Renovations have begun, with reconfiguration potential subject to municipal zoning and Planning Board approval
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
Mixed Use
$559.3K
$489.4K – $652.5K
NOI $39,150 @ 7.0% cap · market cap 5.94%
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
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
181k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Home Improvements & Furnishings 24%
Groceries 16%
Dining 13%
Wawa
Shops & Services
42,925 visits/mo
0.5 miles
The Home Depot
Home Improvements & Furnishings
41,603 visits/mo
0.2 miles
Stop & Shop
Groceries
25,326 visits/mo
0.0 miles
Dollar Tree
Shops & Services
16,670 visits/mo
0.1 miles
Dunkin' Donuts
Dining
13,862 visits/mo
0.1 miles
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use brick building with first-floor retail/commercial space and second-floor residential space, on Broad Street in Keyport.
Where is this mixed-use 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: Approximately 1,500 SF first floor retail or commercial space with display window and exposed brick; Approximately 1,400 SF second floor residential space previously configured as a two‑bedroom apartment; Renovations have begun, with reconfiguration potential subject to municipal zoning and Planning Board approval
