Retail Space with Display
5 Wharf Avenue #1, Red Bank, NJ 07701
For Sale
Contact for pricing
Pending
The suite sits in a pedestrian-oriented downtown area near a hospital and major routes.
Property Size1,300 SF
Days on Market355
Property Features for 5 Wharf Avenue #1
General Information
Standard status
Size
Property subtype
Listing Agency:
Resources Real Estate
Listed By:
Jo Ann Davenport · License #9033200
(732) 212-0440
Source:
Defelicerealtygroup
Added: Nov 17, 2025
Changed: Nov 6
Last Checked: Nov 6 at 3:02PM
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 Resources Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail suite at 5 Wharf Avenue, Suite 1, offers approximately 1,300 square feet of space and display windows. It is located in downtown Red Bank, within an area described as having substantial pedestrian activity.
The property is near a hospital and major routes, providing access to nearby destinations and roadways.
The property is near a hospital and major routes, providing access to nearby destinations and roadways.
Key Highlights
- Approximately 1,300 SF of retail space
- Display windows
- Located in downtown Red Bank
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,555
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,100
$371.1K
Cap Rate 7%
$265,071
$265.1K
Cap Rate 9%
$206,167
$206.2K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$28.1K $21.60/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$26.5K $20.39/SF
− OpEx
−$8.0K −$6.12/SF
NOI
$18.6K $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 Rate 5%
$371,100
Cap Rate 7%
$265,071
Cap Rate 9%
$206,167
Alternative Uses
Best Use
Retail
$265.1K
$231.9K – $309.3K
NOI $18,555 @ 7.0% cap · market cap 545.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.5K
$297.0K – $396.0K
NOI $23,762 @ 7.0% cap · market cap 698.88%
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
574
Businesses Nearby
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Business Placement
Demographics for 07701, NJ
24,568
Population
11,082
Households
2.2
Avg Household Size
43
Median Age
53%
College-Educated
93%
High-School Grad
9.2 sq mi
ZIP Area
2,670
Density / Sq Mi
$113,630
Median Household Income
$62,309
Median Earnings
$1,971
Median Rent
$551,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Monmouth County, NJ
Properties on Market for Retail space in Monmouth County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The suite sits in a pedestrian-oriented downtown area near a hospital and major routes.
Where is this retail space located?
The property is located at 5 Wharf Avenue #1 Red Bank, NJ.
What are key features of this property?
This property features: Approximately 1,300 SF of retail space; Display windows; Located in downtown Red Bank
