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    For Sale (17)

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    Downtown Manasquan Land Opportunity
    $1,375,000
    0.16 Acres

    Downtown Manasquan Land Opportunity

    Land parcel in thriving downtown location with endless potential.

    11 Pearce Ave, Manasquan, NJ 08736
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    Manasquan Commercial Land Opportunity
    $1,375,000
    0.16 Acres

    Manasquan Commercial Land Opportunity

    Two parcels in thriving downtown location with endless potential.

    13 Pearce Ave, Manasquan, NJ 08736
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    Rare Manasquan Land Opportunity
    $2,595,000
    0.16 Acres

    Rare Manasquan Land Opportunity

    Two parcels in downtown Manasquan with endless potential.

    Manasquan, NJ 08736
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    Asbury Park Mixed-Use Development Site
    $2,499,999
    0.25 Acres

    Asbury Park Mixed-Use Development Site

    Prime mixed-use development site in Asbury Park's growing corridor.

    701-703 Monroe Ave, Asbury Park, NJ 07712
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    Wooded Homesite in Wall Township
    $479,000
    1.73 Acres

    Wooded Homesite in Wall Township

    1.73 acre wooded homesite ready for building in Wall, NJ.

    1826 New Bedford Rd, Wall, NJ 07719
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    COMMERCIAL - Sea Girt, NJ
    $649,000
    2,000 SF

    COMMERCIAL - Sea Girt, NJ

    Office Units • 2,000 SF

    800 The Plz, Sea Girt, NJ 08750
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    COMMERCIAL - Sea Girt, NJ
    $1,249,000
    2,000 SF

    COMMERCIAL - Sea Girt, NJ

    Office Units • 2,000 SF

    800 The Plz, Sea Girt, NJ 08750
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    Sea Girt Office Condo
    $629,000
    1,088 SF

    Sea Girt Office Condo

    Turn-key office condo in desirable Sea Girt location.

    800 The Plz, Sea Girt, NJ 08750
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    Prime Lot Near Beach
    $3,600,000
    2,084 SF

    Prime Lot Near Beach

    Opportunity to design a custom beach retreat near the ocean.

    800 4Th Ave, Wall Township, NJ 08750
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    Manasquan Riverfront Land Opportunity
    $2,850,000

    Manasquan Riverfront Land Opportunity

    Cleared lot with approved dock permit on the Manasquan River.

    2639 River Rd, Manasquan, NJ 08736
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    Commercial Land Near Route 35
    $150,000

    Commercial Land Near Route 35

    B-1 commercial lot near Route 35, great price.

    Bangs Ave, Neptune, NJ 07753
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    New Manasquan Apartment Building
    $9,849,000

    New Manasquan Apartment Building

    New 23-unit apartment building in desirable Manasquan location.

    33 Union Ave, Manasquan, NJ 08736
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    Downtown Manasquan Parcel For Sale
    $1,375,000
    1,731 SF

    Downtown Manasquan Parcel For Sale

    Commercial land parcel in thriving downtown location with endless potential.

    11 Pearce Ave, Manasquan, NJ 08736
    View details
    Prime Mixed-Use Development Opportunity
    $2,499,999
    3,648 SF

    Prime Mixed-Use Development Opportunity

    Land in Asbury Park near transit and downtown.

    701-703 Monroe Ave, Asbury Park, NJ 07712
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    Land for Sale
    $2,595,000

    Land for Sale

    Land available in Manasquan, NJ.

    11-13 Pearce Ave, Manasquan, NJ 08736
    View details
    Sea Girt Office Condo
    $629,000
    1,088 SF

    Sea Girt Office Condo

    Turn-key office condo in desirable Sea Girt location.

    800 The Plz, Sea Girt, NJ 08750
    View details
    Sea Girt In-Town Office Condo
    $1,249,000

    Sea Girt In-Town Office Condo

    Turn-key, first-floor office condo in desirable Sea Girt location.

    800 The Plz #1, Sea Girt, NJ 08750
    View details

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    • For Sale

    Properties for sale

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    Ward Wight Sotheby's International Realty
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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
    Ward Wight Sotheby's International Realty
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