Victorian Office
New
For Sale
$574,900
182 N Main Street, Manahawkin, NJ 08050
Commercial Sale, Manahawkin, NJ
Property Size1,860 SF
Lot Size0.17 Acres
Price / SF$309.09
Days on Market2
Property Features for 182 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking
6
Basement
Full
Lot features
Highway Frontage
Directions
From Garden State Parkway, take Exit 63 toward Route 72 East. Continue to Route 9 North. Property is approximately 1 block north of Route 72 on the left.
Subdivision
Manahawkin
Standard status
Active
APN
31-00059-0000-00002
Size
1,860 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6101
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
high ceilings
wide doorways
handicap access
oversized backyard shed
Building Details
Year built
1865
Floors in Building
2
Flooring type
Wood
Roof type
Shingle
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
(732) 797-9001
Listed By:
David Lazaro · License #1970165
(732) 797-9001
Added: Aug 21
Last Checked: Aug 22 at 4:06AM
MLS# 22626314
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.
Investment Insights
Based on property information with market context.
This 1,860-square-foot office building on a 0.17-acre parcel offers seven rooms, high ceilings, wide doorways, wood flooring, and Victorian-era character dating to 1865. Recent improvements include fresh paint, new siding, and replacement windows. Central air and forced-air heat support year-round occupancy, while the property also includes a basement and an oversized backyard shed for storage.
The building fronts Route 9 in Stafford Township, providing access to a prominent regional roadway. A side ramp accommodates handicap access, and the gravel driveway provides approximately 4–6 parking spaces. Public water and public sewer serve the property.
The building fronts Route 9 in Stafford Township, providing access to a prominent regional roadway. A side ramp accommodates handicap access, and the gravel driveway provides approximately 4–6 parking spaces. Public water and public sewer serve the property.
Key Highlights
- 1,860 SF office building on a 0.17‑acre parcel
- Seven‑room layout with high ceilings and wide doorways
- Victorian character with a 1865 year built
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,458
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,160
$569.2K
Cap Rate 7%
$406,543
$406.5K
Cap Rate 9%
$316,200
$316.2K
Market Conditions
NOI Build-Up for 1,860 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.8K $30.00/SF
− Vacancy
−$17.9K −$9.60/SF
EGI
$37.9K $20.40/SF
− OpEx
−$9.5K −$5.10/SF
NOI
$28.5K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,160
Cap Rate 7%
$406,543
Cap Rate 9%
$316,200
Alternative Uses
Best Use
Office B
$406.5K
$355.7K – $474.3K
NOI $28,458 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$485.7K
$425.0K – $566.6K
NOI $33,998 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
452
Businesses Nearby
Explore this area
Business Placement
Demographics for 08050, NJ
26,507
Population
14,182
Households
1.9
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
30.9 sq mi
ZIP Area
858
Density / Sq Mi
$115,456
Median Household Income
$60,458
Median Earnings
$1,756
Median Rent
$377,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Seven-room commercial layout with central air, wood flooring, and a side ramp for handicap access.
Where is this office building located?
The property is located at 182 N Main Street Manahawkin, NJ.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: 1,860 SF office building on a 0.17‑acre parcel; Seven‑room layout with high ceilings and wide doorways; Victorian character with a 1865 year built
