Commercial Land with Dual
478 S Main Street, West Creek, NJ 08092
For Sale
$469,000
Land/Lots, West Creek, NJ
Property Size1,662 SF
Lot Size7.42 Acres
Price / SF$282.19
Days on Market236
Property Features for 478 S Main Street
General Information
Property type
Property subtype
Subdivision
Lot features
Middle school
High school
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Water source
Building Details
Additional Structures
Listing Agency:
RE/MAX Revolution
Listed By:
Louisa Sagarese · License NJ #8132257
(732) 678-1328
Added: Mar 24
Changed: Nov 11
Last Checked: Nov 14 at 6:06AM
MLS# 22607612
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.
This 7.42-acre commercial land property includes an existing 1,662-square-foot property improvement and is designated for both residential and commercial zoning. The grounds provide substantial open space, while well water serves the property. The source information also identifies classic architectural details and historic character associated with the site.
Access is available from S Main Street as well as Oak Ave in West Creek, New Jersey. The property is positioned in Ocean County and can be considered for a private residence, business use, or investment use, consistent with the stated zoning designations.
Access is available from S Main Street as well as Oak Ave in West Creek, New Jersey. The property is positioned in Ocean County and can be considered for a private residence, business use, or investment use, consistent with the stated zoning designations.
Key Highlights
- 7.42‑acre commercial land property
- Residential and commercial zoning designations
- Existing 1,662‑square‑foot property improvement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,196
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,920
$383.9K
Cap Rate 7%
$274,229
$274.2K
Cap Rate 9%
$213,289
$213.3K
Market Conditions
NOI Build-Up for 1,662 SF
Gross rent
$34.9K $21.00/SF
− Vacancy
−$4.2K −$2.52/SF
EGI
$30.7K $18.48/SF
− OpEx
−$11.5K −$6.93/SF
NOI
$19.2K $11.55/SF
Area
Ocean County, NJ
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,920
Cap Rate 7%
$274,229
Cap Rate 9%
$213,289
Alternative Uses
Best Use
Mixed Use
$274.2K
$240.0K – $319.9K
NOI $19,196 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.0K
$379.7K – $506.3K
NOI $30,379 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
124
Businesses Nearby
Explore this area
Business Placement
Demographics for 08092, NJ
3,596
Population
1,475
Households
2.4
Avg Household Size
44
Median Age
36%
College-Educated
96%
High-School Grad
22.9 sq mi
ZIP Area
157
Density / Sq Mi
$97,058
Median Household Income
$57,931
Median Earnings
$1,408
Median Rent
$473,600
Median Home Value
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Market
Average Price Trend$/SF for Commercial land in Ocean County, NJ
Properties on Market for Commercial land in Ocean County
Frequently Asked Questions
What type of property is this?
Commercial land - The property carries both residential and commercial zoning designations, offering flexibility for future planning and use.
Where is this commercial land located?
The property is located at 478 S Main Street West Creek, NJ.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 7.42‑acre commercial land property; Residential and commercial zoning designations; Existing 1,662‑square‑foot property improvement
