Building Details

Floors in Building 3

Building materials Brick, Glass

Listing Agency: FOX & FOXX REALTY, LLC Show Phone

Listed By: Donald Weingart Show Phone

Added: Oct 13 Changed: Oct 14 Last Checked: Oct 15 at 9:06PM

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MLS# 2770734M

Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Investment Insights

Based on property information with market context.

This 1,234-square-foot retail space occupies the ground level of a mixed-use redevelopment in Green Brook. Construction is nearly complete, and the landlord is signing commercial leases. Brick and glass are among the building materials, with garage parking serving the property. Public water and public sewer are available.

The commercial space is positioned below 85 apartments within the same development. Its ground-floor configuration and retail classification define the offering.

Key Highlights

• 1,234 square feet of ground‑floor retail space
• Part of a mixed‑use redevelopment with 85 apartments above
• Construction is nearly complete; commercial leases are being signed

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$10,677

Suggested Prices Based on Cap Rates

Cap Rate 5%

$213,540 $213.5K

Cap Rate 7%

$152,529 $152.5K

Cap Rate 9%

$118,633 $118.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,234 SF

Gross rent

$19.5K $15.84/SF

− Vacancy

−$2.5K −$2.00/SF

EGI

$17.1K $13.84/SF

− OpEx

−$6.4K −$5.19/SF

NOI

$10.7K $8.65/SF

Area

Middlesex County, NJ

Vacancy

12.60%

Lease Rate

$15.84 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$213,540

Cap Rate 7%

$152,529

Cap Rate 9%

$118,633

Alternative Uses

Best Use

Retail

$251.6K

$220.2K – $293.6K (±1% cap)

NOI $17,613 @ 7.0% cap · market cap 62,903.57%

Second Best

Mixed Use

$152.5K

$133.5K – $178.0K (±1% cap)

NOI $10,677 @ 7.0% cap · market cap 38,132.14%

Theoretical Best

Office A

$322.2K

$282.0K – $375.9K (±1% cap)

NOI $22,556 @ 7.0% cap · market cap 80,557.14%

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

Property Analytics

Current Use

Retail space

Location Intelligence

Trade Area within ½ mile

450

Businesses Nearby

60k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 62% Shops & Services 36% Beauty & Spa 2%

Taco Bell Dining

10,238 visits/mo 0.3 miles

SONIC Drive In Dining

8,271 visits/mo 0.1 miles

TD Bank Shops & Services

7,264 visits/mo 0.3 miles

Empire Toyota Of Green Brook Shops & Services

6,486 visits/mo 0.2 miles

Shogun Dining

5,638 visits/mo 0.2 miles

Demographics for 08812, NJ

14,593

Population

4,916

Households

3

Avg Household Size

40

Median Age

42%

College-Educated

88%

High-School Grad

5.1 sq mi

ZIP Area

2,861

Density / Sq Mi

$119,534

Median Household Income

$50,266

Median Earnings

$1,557

Median Rent

$435,300

Median Home Value

Market

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

Frequently Asked Questions

What type of property is this?

Retail space - The commercial offering forms part of a mixed-use redevelopment with 85 apartments above.

Where is this retail space located?

The property is located at 74 Green Brook Road Green Brook, NJ.

What are key features of this property?

This property features: 1,234 square feet of ground‑floor retail space; Part of a mixed‑use redevelopment with 85 apartments above; Construction is nearly complete; commercial leases are being signed