Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    46 Main St New Egypt, NJ 08533-1414
    Back to Search
    Property profile & analytics

    46 Main St New Egypt, NJ 08533-1414

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US59-1577301
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Tootie's Restaurant / Restaurant
    • Tooties Ice Cream / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 46 Main St

    Construction
    FRAME
    Zone code
    C4
    Property type
    Commercial real estate
    APN
    24 00038-0000-00005
    APU
    2400038000000005

    Description

    This fee-simple restaurant property at 46 Main St, Plumsted, NJ 08533, presents a unique investment opportunity. The 1,280 square foot building, situated on one story, sits in Ocean County's central business district of New Egypt. Currently operating as "Tootie's Diner," this established business has been a local favorite since 1980, adding an ice cream takeout component in 1986. The property is zoned C-4, offering flexibility for potential expansion or adaptation. The asking price is $850,000, translating to $664.06 per square foot. The current operating hours offer potential for increased sales volume through extended service. This is a prime opportunity to acquire a well-established business in a thriving community. Serious inquiries only; showings are by appointment only, and prospective buyers should refrain from contacting employees directly. The property consists of one building and is offered as a fee simple ownership.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Egypt
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.5323
    Latitude
    40.0674
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,349
    $84,100
    $134,600
    $218,700
    -
    $84,100
    $134,600
    $218,700

    Comparable in this City

    • Value Estimation by Request
      3.27 Acres

      1 Maple Ave

      COMMERCIAL (GENERAL) • 3.27 Acres
      1 Maple Ave, New Egypt, NJ 08533-1018
      View Details
    • Value Estimation by Request

      3 Lakeview Dr

      COMMERCIAL (GENERAL)
      3 Lakeview Dr, New Egypt, NJ 08533-1527
      View Details
    • Value Estimation by Request
      2,608 SF

      31 Evergreen Rd

      COMMERCIAL (GENERAL) • 2,608 SF
      31 Evergreen Rd, New Egypt, NJ 08533-1200
      View Details
    • Value Estimation by Request
      2,110 SF

      46 Evergreen Rd

      COMMERCIAL (GENERAL) • 2,110 SF
      46 Evergreen Rd, New Egypt, NJ 08533-1212
      View Details
    • Value Estimation by Request
      2,394 SF

      57 Main St

      COMMERCIAL (GENERAL) • 2,394 SF
      57 Main St, New Egypt, NJ 08533
      View Details
    • Value Estimation
      $585,000
      4,914 SF

      27 Main St

      COMMERCIAL (GENERAL) • 4,914 SF
      27 Main St, New Egypt, NJ 08533-1415
      View Details

    Similar Nearby for Sale

    • $774,900
      2,598 SF

      73 Main Street, New Egypt, NJ 08533

      Banks • 2,598 SF
      73 Main St, New Egypt, NJ 08533
      View Details
    • $279,900
      Pending

      Buildable Lot in New Egypt

      8.71 acre lot ready for development in New Egypt.
      138 Hemlock Dr, New Egypt, NJ 08533
      View Details
    • $269,900
      1,224 SF

      Downtown New Egypt Commercial Opportunity

      Versatile commercial space in downtown New Egypt with rental income.
      26 S Main St, New Egypt, NJ 08533
      View Details
    • $775,000

      Established Trailer Park For Sale

      Income-generating trailer park with 14 trailers near Joint FT Dix.
      67 Jacobstown Rd, New Egypt, NJ 08533
      View Details
    • $775,000
      2.14 Acres

      Established Trailer Park Investment Opportunity

      Income-generating trailer park with growth potential near Joint FT Dix.
      67 Jacobstown Rd, New Egypt, NJ 08533
      View Details
    • $774,900
      2,598 SF

      High-Visibility Commercial Building with Drive-Thru

      Commercial space with drive-thru in vibrant downtown New Egypt.
      73 Main St, New Egypt, NJ 08533
      View Details

    Similar Nearby for Lease

    • New
      $1,000 /Mo

      Retail Units in New Egypt

      Affordable retail units for lease in New Egypt, NJ.
      47-49 Main St, New Egypt, NJ 08533
      View Details
    • Contact for pricing

      Downtown New Egypt Commercial Space

      Versatile commercial space in vibrant downtown New Egypt.
      26 Main St, New Egypt, NJ 08533
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    46 Main St
    New Egypt, NJ 08533-1414
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    46 Main St, New Egypt, NJ, 08533
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!