Mixed-Use Property with
New
For Sale
$649,000
9 North Street, Highlands, NJ 07732
Commercial Sale, Highlands, NJ
Property Size3,700 SF
Lot Size0.17 Acres
Price / SF$175.41
Days on Market4
Property Features for 9 North Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Multi-Use, Mixed, Commercial
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
Parking features
On Street
Fencing
Fenced
Lot features
Fenced/ Enclosed Area
Directions
Route 36 to Bay Ave to North Street
Standard status
Active
APN
19-00053-0000-00003
Size
3,700 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5299
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1923
Floors in Building
1
Flooring type
Concrete
Building materials
Stone, Block, Brick
Listing Agency:
Brothers Commercial Brokerage, Inc
Listed By:
Daniel Lynch
(732) 747-5575
Added: Oct 19
Changed: Oct 20
Last Checked: Oct 22 at 12:06AM
MLS# 22633151
Copyright © 2026 More 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 3,700-square-foot mixed-use building contains six rental units: five garages and a one-bedroom apartment. Built in 1923, the masonry structure has a partial-block exterior and pitched roof and is described as being in average condition. The 0.17-acre property is served by public water and public sewer, with concrete flooring and fencing. On-street parking is listed.
The property lies in the B-2 commercial district, an area described as containing commercial and newer residential uses, and falls within the township’s redevelopment zone. Current occupancy is approximately 50%.
The property lies in the B-2 commercial district, an area described as containing commercial and newer residential uses, and falls within the township’s redevelopment zone. Current occupancy is approximately 50%.
Key Highlights
- Six rental units: five garages and one one‑bedroom apartment
- 3,700 square feet on a 0.17‑acre lot
- Located in the B‑2 commercial district and township redevelopment zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,950
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$999,000
$999.0K
Cap Rate 7%
$713,571
$713.6K
Cap Rate 9%
$555,000
$555.0K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$88.8K $24.00/SF
− Vacancy
−$8.9K −$2.40/SF
EGI
$79.9K $21.60/SF
− OpEx
−$30.0K −$8.10/SF
NOI
$50.0K $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 Rate 5%
$999,000
Cap Rate 7%
$713,571
Cap Rate 9%
$555,000
Alternative Uses
Best Use
Mixed Use
$713.6K
$624.4K – $832.5K
NOI $49,950 @ 7.0% cap · market cap 7.70%
Second Best
Warehouse
$615.3K
$538.4K – $717.8K
NOI $43,069 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$966.1K
$845.4K – $1.13M
NOI $67,630 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 07732, NJ
4,710
Population
3,040
Households
1.5
Avg Household Size
49
Median Age
54%
College-Educated
91%
High-School Grad
3.8 sq mi
ZIP Area
1,239
Density / Sq Mi
$90,205
Median Household Income
$72,484
Median Earnings
$1,841
Median Rent
$396,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Five rentable garages accompany a one-bedroom apartment in a masonry building within the B-2 commercial district.
Where is this mixed-use property located?
The property is located at 9 North Street Highlands, NJ.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Six rental units: five garages and one one‑bedroom apartment; 3,700 square feet on a 0.17‑acre lot; Located in the B‑2 commercial district and township redevelopment zone
