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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    87 Main St Marlboro, NJ 07746-1859

    • Commercial real estate
    • 6,163 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1477361
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 87 Main St

    Year built
    2002
    Construction
    METAL FRAME
    Lot size
    5.00 lot acres
    Property size
    6,163 SF
    Zone code
    C-5
    Property type
    Commercial real estate
    APN
    30 00415-0000-00021- 31
    APU
    300041500000002131

    Description

    This exceptional opportunity presents the chance to acquire a well-established and highly profitable beauty salon located in the heart of Marlboro, NJ, at 87 S Main Street. Boasting a fifteen-year history of success, this turnkey operation is fully equipped and ready for immediate ownership. The salon features a beautifully decorated interior, including a welcoming reception area, nine stylist stations, two shampoo sinks, a dedicated waxing room, a color room, a restroom, and a convenient laundry room. The space is enhanced by a built-in surround sound system and a comprehensive security system for peace of mind. The experienced and stable staff provides a seamless transition for the new owner, ensuring continued success. The current lease has approximately four years remaining, offering stability and predictability for the future. This is a rare opportunity to step into a thriving business with an established client base and a proven track record of profitability. The salon's prime location in Marlboro ensures high visibility and accessibility for clients. All equipment is included in the sale price of $449,000. This is an ideal investment for an experienced salon owner or a savvy entrepreneur looking to enter the beauty industry. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,385,000
      6.5%
      $1,280,000
      7%
      $1,190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,027,000
      Market price range: $265k - $1.03M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,600,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,630,000
      Change: +2% Conversion: Moderate
      OFFICE BUILDING
      $1,520,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marlboro
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2525
    Latitude
    40.3018
    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
    $58,856
    $1,575,000
    $893,800
    $2,468,800
    -
    $1,575,000
    $893,800
    $2,468,800

    Comparable in this City

    • Value Estimation
      $1,065,000
      7,548 SF

      15 Main St

      COMMERCIAL (GENERAL) • 7,548 SF
      15 Main St, Marlboro, NJ 07746-1595
      View Details
    • Value Estimation
      $3,025,000
      18,768 SF

      475 Rte 520

      COMMERCIAL (GENERAL) • 18,768 SF
      475 Rte 520, Marlboro, NJ 07746
      View Details
    • Value Estimation
      $2,255,000
      13,006 SF

      4 Main St At Ryan Rd

      COMMERCIAL (GENERAL) • 13,006 SF
      4 Main St At Ryan Rd, Marlboro, NJ 07746-2445
      View Details
    • Value Estimation
      $600,000
      0.38 Acres

      10 Railroad Ave

      COMMERCIAL (GENERAL) • 0.38 Acres
      10 Railroad Ave, Marlboro, NJ 07746-1421
      View Details
    • Value Estimation
      $1,755,000
      14,900 SF

      9 Timber Ln

      COMMERCIAL (GENERAL) • 14,900 SF
      9 Timber Ln, Marlboro, NJ 07746-1443
      View Details
    • Value Estimation
      $665,000
      3,650 SF

      24 Rte 9th 9

      COMMERCIAL (GENERAL) • 3,650 SF
      24 Rte 9th 9, Marlboro, NJ 07746
      View Details

    Similar Nearby for Sale

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    • $649,000
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      Marlboro Commercial Building with Apartment

      Spacious building with restaurant space and apartment in Marlboro, NJ.
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      View Details
    • Contact for pricing

      One-Acre Fenced Land Parcel

      Private, tree-lined one-acre parcel in a sought-after area.
      Boundary Rd, Marlboro, NJ 07746
      View Details
    • $4,325,000
      26.34 Acres

      Expansive Land Parcel in Marlboro

      Large acreage in desirable town, ideal for development or estate.
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      View Details
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    87 Main St
    Marlboro, NJ 07746-1859
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    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
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