Grocery and Convenience Store
For Sale
$695,000
618 Main St, Bradley Beach, NJ 07720
Includes a Broad C License with potential for bar or in-house consumption uses.
Property Size2,030 SF
Days on Market8
Property Features for 618 Main St
General Information
Standard status
Active
Size
2,030 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Liquor License
Yes
Taxes and HOA fees
Annual Taxes
$7,574
Building Details
Building Size
2,030 SF
Stories
1
Listing Agency:
Realty One Group Open Door
(732) 410-5699
Listed By:
Michael Crocitto · License #2295566
(732) 410-5699
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 20 at 10:35AM
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 Realty One Group Open Door
Investment Insights
Based on property information with market context.
This offering is a liquor-store business at 618 Main St in Bradley Beach, NJ. A Broad C License is included, with potential for a bar or in-house consumption described in the offering details.
The business is identified as one of only two liquor stores in town. Surrounding context includes summer tourism, nearby BYOB restaurants, residential neighborhoods, NJ Transit, and close proximity to the beach. Walk Score is 28, rated Car-Dependent, while Bike Score is 44, rated Somewhat Bikeable.
The business is identified as one of only two liquor stores in town. Surrounding context includes summer tourism, nearby BYOB restaurants, residential neighborhoods, NJ Transit, and close proximity to the beach. Walk Score is 28, rated Car-Dependent, while Bike Score is 44, rated Somewhat Bikeable.
Key Highlights
- Broad C License included
- Potential for bar or in‑house consumption
- One of only two liquor stores in town
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$31,044
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$620,880
$620.9K
Cap Rate 7%
$443,486
$443.5K
Cap Rate 9%
$344,933
$344.9K
Market Conditions
NOI Build-Up for 2,030 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.8K $21.60/SF
− Vacancy
−$2.5K −$1.21/SF
EGI
$41.4K $20.39/SF
− OpEx
−$10.3K −$5.10/SF
NOI
$31.0K $15.29/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$620,880
Cap Rate 7%
$443,486
Cap Rate 9%
$344,933
Alternative Uses
Best Use
Specialty Retail
$443.5K
$388.1K – $517.4K
NOI $31,044 @ 7.0% cap · market cap 4.47%
Second Best
Retail
$413.9K
$362.2K – $482.9K
NOI $28,975 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$530.1K
$463.8K – $618.4K
NOI $37,105 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,057
Businesses Nearby
47k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Groceries 30%
Dining 5%
Stop & Shop
Groceries
13,940 visits/mo
0.5 miles
Family Dollar
Shops & Services
9,450 visits/mo
0.4 miles
Chase Bank
Shops & Services
6,983 visits/mo
0.1 miles
Speedway
Shops & Services
5,341 visits/mo
0.2 miles
Mobil
Shops & Services
3,924 visits/mo
0.3 miles
Demographics for 07720, NJ
4,175
Population
2,836
Households
1.5
Avg Household Size
47
Median Age
67%
College-Educated
93%
High-School Grad
0.6 sq mi
ZIP Area
6,958
Density / Sq Mi
$94,722
Median Household Income
$52,661
Median Earnings
$1,710
Median Rent
$857,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Includes a Broad C License with potential for bar or in-house consumption uses.
Where is this grocery and convenience store located?
The property is located at 618 Main St Bradley Beach, NJ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Broad C License included; Potential for bar or in‑house consumption; One of only two liquor stores in town
