Mixed-Use Property with Hair
New
For Sale
$499,900
5673 ROUTE 9, Tuckerton, NJ 08087
An operating salon shares the property with an upstairs apartment featuring stainless steel kitchen appliances.
Property Size2,656 SF
Price / SF$188.22
Days on Market4
Property Features for 5673 ROUTE 9
General Information
Standard status
Active
Size
2,656 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Building Details
Year Built
1895
Listing Agency:
Keller Williams Realty - Atlantic Shore
(609) 484-9890
Listed By:
Jessica K DiFrancia
(732) 773-0384
Source:
Cummingsrealtors
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:30AM
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 - Atlantic Shore
Investment Insights
Based on property information with market context.
This mixed-use property combines an operating hair salon with a second-floor apartment of approximately 1,100 square feet. The apartment includes two bedrooms, one full bathroom, a living room, and a galley kitchen with stainless steel appliances. The current salon operator is interested in staying at the property.
The building fronts Route 9 and has access to the Garden State Parkway. Additional property details include gas heat, a roof replaced three years ago, and a newer well. Built in 1895, the property contains 2,656 square feet.
The building fronts Route 9 and has access to the Garden State Parkway. Additional property details include gas heat, a roof replaced three years ago, and a newer well. Built in 1895, the property contains 2,656 square feet.
Key Highlights
- Operating hair salon; current operator is interested in remaining
- Second‑floor apartment of approximately 1,100 square feet
- Apartment has two bedrooms, one full bathroom, a living room, and a galley kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,910
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$758,200
$758.2K
Cap Rate 7%
$541,571
$541.6K
Cap Rate 9%
$421,222
$421.2K
Market Conditions
NOI Build-Up for 2,656 SF
Gross rent
$57.4K $21.60/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$54.2K $20.39/SF
− OpEx
−$16.2K −$6.12/SF
NOI
$37.9K $14.27/SF
Area
Ocean 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%
$758,200
Cap Rate 7%
$541,571
Cap Rate 9%
$421,222
Alternative Uses
Best Use
Retail
$541.6K
$473.9K – $631.8K
NOI $37,910 @ 7.0% cap · market cap 7.58%
Second Best
Mixed Use
$438.2K
$383.5K – $511.3K
NOI $30,677 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$693.5K
$606.8K – $809.1K
NOI $48,547 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 08087, NJ
25,191
Population
12,982
Households
1.9
Avg Household Size
49
Median Age
28%
College-Educated
94%
High-School Grad
70.1 sq mi
ZIP Area
359
Density / Sq Mi
$87,449
Median Household Income
$47,779
Median Earnings
$1,760
Median Rent
$323,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An operating salon shares the property with an upstairs apartment featuring stainless steel kitchen appliances.
Where is this mixed-use property located?
The property is located at 5673 ROUTE 9 Tuckerton, NJ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Operating hair salon; current operator is interested in remaining; Second‑floor apartment of approximately 1,100 square feet; Apartment has two bedrooms, one full bathroom, a living room, and a galley kitchen
