Mixed-Use Property with
514 State Route 33, Millstone, NJ 08535
For Sale
Contact for pricing
Retail and office areas are paired with warehouse space, with layouts subject to customization.
Property Size15,095 SF
Price / SF$0.00
Days on Market96
Property Features for 514 State Route 33
General Information
Standard status
Size
Property subtype
Additional Details
Mixed-Use Components
Warehouse Space
Property Use
Building Details
Year Built
Listing Agency:
Summit Realty Services Inc.
Listed By:
Salvatore Dellomo · License #8932421
(732) 918-9008
Source:
Defelicerealtygroup
Added: Aug 3
Changed: Nov 6
Last Checked: Nov 6 at 3:55PM
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 Summit Realty Services Inc.
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.
This mixed-use property offers retail and office space alongside a separate warehouse area. The available retail/office component is approximately 4,000 SF, while warehouse space ranges from approximately 1,500 to 4,000 SF. Space can be configured or modified to suit requirements.
The property is located at 514 State Route 33 in Millstone, New Jersey, along State Route 33. The building was constructed in 2002.
The property is located at 514 State Route 33 in Millstone, New Jersey, along State Route 33. The building was constructed in 2002.
Key Highlights
- Approximately 4,000 +/- SF of retail/office space
- Warehouse area ranges from 1,500‑4,000 +/- SF
- Space can be built or modified to suit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,709
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,514,180
$3.5M
Cap Rate 7%
$2,510,129
$2.5M
Cap Rate 9%
$1,952,322
$2.0M
Market Conditions
NOI Build-Up for 15,095 SF
Gross rent
$217.4K $14.40/SF
− Vacancy
−$10.7K −$0.71/SF
EGI
$206.7K $13.69/SF
− OpEx
−$31.0K −$2.05/SF
NOI
$175.7K $11.64/SF
Area
Monmouth County, NJ
Vacancy
4.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,514,180
Cap Rate 7%
$2,510,129
Cap Rate 9%
$1,952,322
Alternative Uses
Best Use
Retail
$3.08M
$2.69M – $3.59M
NOI $215,455 @ 7.0% cap · market cap 769,482.14%
Second Best
Mixed Use
$2.91M
$2.55M – $3.40M
NOI $203,783 @ 7.0% cap · market cap 727,796.43%
Theoretical Best
Office A
$3.94M
$3.45M – $4.60M
NOI $275,912 @ 7.0% cap · market cap 985,400.00%
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
23
Businesses Nearby
Explore this area
Business Placement
Demographics for 08535, NJ
5,273
Population
1,715
Households
3.1
Avg Household Size
45
Median Age
57%
College-Educated
97%
High-School Grad
18.7 sq mi
ZIP Area
282
Density / Sq Mi
$195,278
Median Household Income
$67,269
Median Earnings
$2,279
Median Rent
$684,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Monmouth County, NJ
Properties on Market for Mixed-use properties in Monmouth County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and office areas are paired with warehouse space, with layouts subject to customization.
Where is this mixed-use property located?
The property is located at 514 State Route 33 Millstone, NJ.
What are key features of this property?
This property features: Approximately 4,000 +/- SF of retail/office space; Warehouse area ranges from 1,500‑4,000 +/- SF; Space can be built or modified to suit
