Mixed-Use Property with On-Site
For Sale
$8,500,000
76 Wyckoff Road Unit 76, Eatontown, NJ 07724
The existing building supports both church and school uses with central air and substantial interior space.
Property Size33,371 SF
Price / SF$254.71
Days on Market520
Property Features for 76 Wyckoff Road Unit 76
General Information
Standard status
Active
Size
33,371 SF
Total Parking Spaces
154
Property subtype
Mixed Use
Amenities
Central Air
3
Concrete, Linoleum
Parking.
154 Parking Spaces. Open Parking, On Site.
Building Details
Year Built
1959
Listing Agency:
Keebaugh & Company
(903) 736-0873
Listed By:
Lori Keebaugh · License #0482487
(903) 736-0873
Source:
Xome
Added: Mar 30, 2025
Changed: Aug 29
Last Checked: Aug 30 at 1:37PM
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 Keebaugh & Company
Investment Insights
Based on property information with market context.
This mixed-use property includes a 33,371-square-foot building constructed in 1959. The improvements are currently used for church and school functions and feature central air, concrete, and linoleum flooring. The site includes 154 on-site parking spaces with open parking areas.
The offering includes lots 11, 12, and 34 at 76 Wyckoff Road, Unit 76, in Eatontown, New Jersey. The land area is nearly 5 acres, providing a substantial setting for the existing religious and educational uses.
The offering includes lots 11, 12, and 34 at 76 Wyckoff Road, Unit 76, in Eatontown, New Jersey. The land area is nearly 5 acres, providing a substantial setting for the existing religious and educational uses.
Key Highlights
- 33,371‑square‑foot building constructed in 1959
- Nearly 5 acres of land
- 154 on‑site parking spaces with open parking
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
$450,509
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
5.30%
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%
$9,010,180
$9.0M
Cap Rate 7%
$6,435,843
$6.4M
Cap Rate 9%
$5,005,656
$5.0M
Market Conditions
NOI Build-Up for 33,371 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
$800.9K $24.00/SF
− Vacancy
−$80.1K −$2.40/SF
EGI
$720.8K $21.60/SF
− OpEx
−$270.3K −$8.10/SF
NOI
$450.5K $13.50/SF
Area
Monmouth County, NJ
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
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%
$9,010,180
Cap Rate 7%
$6,435,843
Cap Rate 9%
$5,005,656
Alternative Uses
Best Use
Mixed Use
$6.44M
$5.63M – $7.51M
NOI $450,509 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.71M
$7.62M – $10.17M
NOI $609,968 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
Explore this area
Business Placement
Demographics for 07724, NJ
23,494
Population
10,424
Households
2.3
Avg Household Size
44
Median Age
45%
College-Educated
92%
High-School Grad
12.1 sq mi
ZIP Area
1,942
Density / Sq Mi
$99,170
Median Household Income
$53,234
Median Earnings
$1,640
Median Rent
$487,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The existing building supports both church and school uses with central air and substantial interior space.
Where is this mixed-use property located?
The property is located at 76 Wyckoff Road Unit 76 Eatontown, NJ.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 33,371‑square‑foot building constructed in 1959; Nearly 5 acres of land; 154 on‑site parking spaces with open parking
