Three-Bay Flex
For Sale
Contact for pricing
46 N Main St N Unit 2, Milltown, NJ 08850
Heated commercial space with private restroom, elevated ceilings, LED fixtures, and supplemental loft storage.
Property Size1,798 SF
Price / SF$1.39
Days on Market75
Property Features for 46 N Main St N Unit 2
General Information
Standard status
Active
Size
1,798 SF
Total Parking Spaces
3
Amenities
private bathroom
heat
high ceilings
LED lighting
loft
Listing Agency:
RE/MAX COUNTRY
Listed By:
FRANK CALANDRUCCIO · License #NJ0998052276
(732) 762-1710
Source:
Goldstandardrealty
Added: Aug 2
Changed: Oct 14
Last Checked: Oct 7 at 3:25PM
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 COUNTRY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,798-square-foot flex space includes three garage bays, providing a practical configuration for storage, service, or light commercial operations. The unit also has a private bathroom, heating, high ceilings, and LED lighting.
A loft adds additional storage area within the unit. The property is located at 46 N Main St N, Unit 2, in Milltown, New Jersey.
A loft adds additional storage area within the unit. The property is located at 46 N Main St N, Unit 2, in Milltown, New Jersey.
Key Highlights
- 1,798‑square‑foot flex space with three garage bays
- Private bathroom included within the unit
- Heating and LED lighting installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,181
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,620
$403.6K
Cap Rate 7%
$288,300
$288.3K
Cap Rate 9%
$224,233
$224.2K
Market Conditions
NOI Build-Up for 1,798 SF
Gross rent
$30.6K $17.04/SF
− Vacancy
−$1.8K −$1.01/SF
EGI
$28.8K $16.03/SF
− OpEx
−$8.6K −$4.81/SF
NOI
$20.2K $11.22/SF
Area
Middlesex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,620
Cap Rate 7%
$288,300
Cap Rate 9%
$224,233
Alternative Uses
Best Use
Flex RnD
$373.3K
$326.7K – $435.6K
NOI $26,133 @ 7.0% cap · market cap 1,045.32%
Second Best
Warehouse
$350.1K
$306.3K – $408.4K
NOI $24,506 @ 7.0% cap · market cap 980.24%
Theoretical Best
Office A
$469.5K
$410.8K – $547.8K
NOI $32,865 @ 7.0% cap · market cap 1,314.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08850, NJ
8,325
Population
3,165
Households
2.6
Avg Household Size
42
Median Age
46%
College-Educated
96%
High-School Grad
2.3 sq mi
ZIP Area
3,620
Density / Sq Mi
$127,331
Median Household Income
$60,938
Median Earnings
$1,520
Median Rent
$436,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Break Time Deli — 106 S Main St, Milltown, NJ 08850
- Delicious Decisions Inc — 132 Van Liew Ave # 2, Milltown, NJ 08850
Frequently Asked Questions
What type of property is this?
Flex space - Heated commercial space with private restroom, elevated ceilings, LED fixtures, and supplemental loft storage.
Where is this flex space located?
The property is located at 46 N Main St N Unit 2 Milltown, NJ.
What are key features of this property?
This property features: 1,798‑square‑foot flex space with three garage bays; Private bathroom included within the unit; Heating and LED lighting installed
