510 N Union Ave 2, Keyport, NJ 07735

Building Details

Building Size 3,964 SF More

Year Built 1945 More

Stories 1 More

Listing Agency: Better Homes Realty

Listed By: STEVEN CAPUTI · License #9033268 Show Phone

Source: Elliman

Added: Nov 6 Changed: Nov 8 Last Checked: Nov 8 at 6:55AM

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Investment Insights

Based on property information with market context.

This 800-square-foot commercial space is at ground level in a building constructed in 1945. The stated use options include professional office, retail, and inventory storage, offering several ways to configure the space.

At 510 N Union Ave in Keyport, the property is positioned along a county road described as the main road. Its bike score is 66, categorized as bikeable; its walk score is 48, categorized as car-dependent.

Key Highlights

• 800‑square‑foot ground‑level commercial space
• Identified use options include professional office, retail, and inventory storage
• Along the county road described as the main road

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$11,419

Suggested Prices Based on Cap Rates

Cap Rate 5%

$228,380 $228.4K

Cap Rate 7%

$163,129 $163.1K

Cap Rate 9%

$126,878 $126.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 800 SF

Gross rent

$17.3K $21.60/SF

− Vacancy

−$968 −$1.21/SF

EGI

$16.3K $20.39/SF

− OpEx

−$4.9K −$6.12/SF

NOI

$11.4K $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%

$228,380

Cap Rate 7%

$163,129

Cap Rate 9%

$126,878

Alternative Uses

Best Use

Retail

$163.1K

$142.7K – $190.3K (±1% cap)

NOI $11,419 @ 7.0% cap · market cap 761.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$208.9K

$182.8K – $243.7K (±1% cap)

NOI $14,623 @ 7.0% cap · market cap 974.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Corner Liquor Store (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Building Supply Big Box & Wholesale Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

212

Businesses Nearby

34k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 100%

McDonald's Dining

23,633 visits/mo 0.5 miles

Burger King Dining

10,066 visits/mo 0.5 miles

Demographics for 07735, NJ

18,652

Population

8,411

Households

2.2

Avg Household Size

42

Median Age

33%

College-Educated

92%

High-School Grad

4.9 sq mi

ZIP Area

3,807

Density / Sq Mi

$98,760

Median Household Income

$57,988

Median Earnings

$1,520

Median Rent

$384,700

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Monmouth County, NJ

$566 Jul

$535 Aug

$496 Sep

$512 Oct

Properties on Market for Storefront properties in Monmouth County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - The 800-square-foot layout is suited to professional office, retail, or inventory storage use.

Where is this storefront property located?

The property is located at 510 N Union Ave 2 Keyport, NJ.

What are key features of this property?

This property features: 800‑square‑foot ground‑level commercial space; Identified use options include professional office, retail, and inventory storage; Along the county road described as the main road