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    Established Pharmacy with Drive-Thru Title is generated by Realmo AI

    111111 Cnty Rd Route, Manchester, NJ 08759

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    For Sale
    $1,050,000

    SINGLE_FAMILY - Manchester, NJ

    Type:Retail
    Property size:
    2,664 SF
    Lot size:
    1.42 Acres
    Price / SF:
    $394/SF
    Added:
    Jan 10, 2026
    Days on Market:
    120
    Last Refresh:
    May 10 at 12:06 pm

    Property Features for 111111 Cnty Rd Route

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    WTOP
    Parking
    16
    Parking features
    Open
    Standard status
    Active
    APN
    1900097000000012
    Size
    2,664 SF
    Lot size
    1.42 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    We can help!

    Listing Contact
    Malav Kanuga

    Listing agent Malav Kanuga

    Listing office BEST REALTY 42 WOODBRIDGE AVENUE, NJ

    Listing date Jan 10, 2026

    MLS# 2609406R

    Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Established pharmacy with 25+ years of proven profitability, with sales over $1.5MM in 2025 and a gross margin exceeding 25%.
    • Located in a high‑demand area near 55+ communities and assisted living facilities.
    • Prime, high‑visibility location at a T‑intersection with direct traffic from a 55+ community.
    • Limited competition in the immediate area.
    • Drive‑thru convenience and ample parking on a 1.42‑acre lot.
    • Opportunity for increased profitability with active ownership and basic marketing.

    Overview

    This established pharmacy has been in business for over 25 years. It is situated in a trading area with numerous 55+ communities and assisted living facilities. The pharmacy operates under absentee ownership and benefits from limited competition in the immediate area. The location offers high visibility at a prime T-intersection, capturing direct traffic from the nearby 55+ community. The building spans 2664 square feet on a 1.42-acre lot, featuring ample parking and drive-thru convenience. The area includes many prescribers and healthcare resources, with proximity to restaurants and other businesses. The pharmacy's sales are projected to exceed $1.5 million in 2025, with a gross margin over 25%. The pharmacy maintains strong generic dispensing rates. Operating hours are Monday through Friday from 9 am to 6 pm and Saturday from 9:30 am to 2 pm; the pharmacy is closed on major holidays. The payroll includes one full-time pharmacist, one full-time pharmacy technician, and one part-time driver, totaling 49.5 hours. This presents an opportunity for an experienced pharmacist or multi-store owner to acquire a long-established, profitable pharmacy with potential for growth under more active ownership and marketing efforts.
    Location Intelligence

    Current Use by Public Records

    Drug stores

    Map

    City
    Manchester
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.4092
    Latitude
    39.9235

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    FAQs

    What type of property is this?
    Drug store - Profitable pharmacy in high-visibility location with strong growth potential.
    Where is this drug store located?
    The property is located at 111111 Cnty Rd Route Manchester, NJ.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: Established pharmacy with 25+ years of proven profitability, with sales over $1.5MM in 2025 and a gross margin exceeding 25%.; Located in a high‑demand area near 55+ communities and assisted living facilities.; **Prime, high‑visibility location at a T‑intersection** with direct traffic from a 55+ community.
    (908) 202-5738
    We can help!
    Listing Contact
    Malav Kanuga
    Learn More
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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.

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