Mixed-Use Live-Work Office
For Sale
$650,000
48 South Street, Eatontown, NJ 07724
Mixed-use property in Eatontown’s B-2 zone with high visibility from Rt 35.
Property Size1,804 SF
Price / SF$360.31
Days on Market8
Property Features for 48 South Street
General Information
Standard status
Active
Size
1,804 SF
Property subtype
Commercial
Zoning
B-2
Amenities
Central air
Baseboard Heating
Irregular Lot
Level
Oil Above Ground Heating
On Site
Shingle Roof
Sidewalks
Window Unit(s) Cooling
Building Details
Year Built
1910
Listing Agency:
KELLER WILLIAMS REALTY EAST MONMOUTH
(732) 704-4033
Listed By:
JOHN SHERROD
Source:
Corcoran
Added: Jul 25
Changed: Jul 27
Last Checked: Jul 31 at 6:14AM
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 KELLER WILLIAMS REALTY EAST MONMOUTH
Investment Insights
Based on property information with market context.
This mixed-use commercial property in Eatontown, NJ offers live-work potential and includes office and commercial space options within a single building. The property is positioned for a configuration where someone can live upstairs and operate a business downstairs, reducing the need to manage separate building expenses. At 48 South Street, the property size is listed as 1,804 square feet, and the buyer will be responsible for conducting due diligence with the town regarding which uses are permitted.
The property sits in Eatontown’s B-2 Business Zone and is described as conveniently located with high visibility from Rt 35. The B-2 zone includes a wide variety of allowed uses noted in the remarks, including offices, personal services, retail sales, and live-in professional uses.
The property sits in Eatontown’s B-2 Business Zone and is described as conveniently located with high visibility from Rt 35. The B-2 zone includes a wide variety of allowed uses noted in the remarks, including offices, personal services, retail sales, and live-in professional uses.
Key Highlights
- Mixed‑use commercial property in Eatontown’s B‑2 Business Zone
- High visibility location from Rt 35
- Year built: 1910
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.1k | $30.00 |
| − Vacancy | −$17.3k | −$9.60 |
| EGI | $36.8k | $20.40 |
| − OpEx | −$9.2k | −$5.10 |
| NOI | $27.6k | $15.30 |
1,804 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$394.3K
$345.0K – $460.0K
NOI $27,601 @ 7.0% cap · market cap 4.25%
Second Best
Mixed Use
$347.9K
$304.4K – $405.9K
NOI $24,354 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$471.1K
$412.2K – $549.6K
NOI $32,974 @ 7.0% cap · market cap 5.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Market
Vacancy Rate% for Office 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?
Live-work space - Mixed-use property in Eatontown’s B-2 zone with high visibility from Rt 35.
Where is this live-work space located?
The property is located at 48 South Street Eatontown, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Mixed‑use commercial property in Eatontown’s B‑2 Business Zone; High visibility location from Rt 35; Year built: 1910
