Mixed-Use Property with Horse
New
For Sale
$489,000
497 MAIN STREET, West Creek, NJ 08092
C-2 zoning accommodates residential and commercial uses, with an existing stable on the grounds.
Property Size1,483 SF
Price / SF$329.74
Days on Market3
Property Features for 497 MAIN STREET
General Information
Standard status
Active
Size
1,483 SF
Property subtype
Commercial
Building Details
Year Built
1936
Listing Agency:
RE/MAX at Barnegat Bay - Toms River
(732) 473-1700
Listed By:
John Glancy Jr. · License #8830435
(732) 914-0074
Source:
Cummingsrealtors
Added: Oct 25
Changed: Oct 26
Last Checked: Oct 26 at 1:03PM
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 at Barnegat Bay - Toms River
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.
Set on 2.91 acres, this mixed-use property includes a horse stable and carries a C-2 designation. The zoning framework described for the property encompasses residential use as well as commercial activity, including retail, offices, restaurants, and automotive services. A single-unit residence is also listed among the supported uses.
The building dates to 1936. The site’s combination of acreage, stable facilities, and stated zoning supports a range of residential, equestrian, and commercial configurations.
The building dates to 1936. The site’s combination of acreage, stable facilities, and stated zoning supports a range of residential, equestrian, and commercial configurations.
Key Highlights
- 2.91‑acre property with C‑2 zoning
- On‑site horse stable
- Building constructed in 1936
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,129
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,580
$342.6K
Cap Rate 7%
$244,700
$244.7K
Cap Rate 9%
$190,322
$190.3K
Market Conditions
NOI Build-Up for 1,483 SF
Gross rent
$31.1K $21.00/SF
− Vacancy
−$3.7K −$2.52/SF
EGI
$27.4K $18.48/SF
− OpEx
−$10.3K −$6.93/SF
NOI
$17.1K $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%
$342,580
Cap Rate 7%
$244,700
Cap Rate 9%
$190,322
Alternative Uses
Best Use
Mixed Use
$244.7K
$214.1K – $285.5K
NOI $17,129 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$387.2K
$338.8K – $451.8K
NOI $27,107 @ 7.0% cap · market cap 5.54%
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
62
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 zoning accommodates residential and commercial uses, with an existing stable on the grounds.
Where is this mixed-use property located?
The property is located at 497 MAIN STREET West Creek, NJ.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 2.91‑acre property with C‑2 zoning; On‑site horse stable; Building constructed in 1936
