Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    281 South Main St Manville, NJ 08835

    Sponsored
    For Sale
    Contact for pricing

    Commercial - Manville, NJ

    Property size:
    6,110 SF
    Lot size:
    0.11 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 3 at 6:06 pm

    Property Features for 281 South Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    110015100000001702
    Parking
    4
    Parking features
    Assigned, On Street, Parking Lot
    Size
    6,110 SF
    Lot size
    0.11 Acres

    Building Details

    Year built
    1960
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    MCANDREW OKWEI

    Real Broker LLC (212) 380-3203

    Listing agent MCANDREW OKWEI (855) 450-0442

    Listing date Jan 27, 2026

    MLS# 2610116R Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    High-Traffic Commercial Space in Manville

    Located in the heart of downtown Manville on South Main Street, this commercial space offers approximately 1,500 sq. ft. suitable for retail or office use. The flexible, open floor plan is ideal for various businesses, including retail, professional offices, boutiques, studios, medical practices, or service-based businesses. The unit features private front and rear entrances, a private bathroom, and ample on-street and off-street parking for customers and employees. A large front display window provides excellent exposure to heavy vehicle traffic. Billboard and awning signage opportunities are available to showcase your brand to traffic on South Main Street. The property is situated in a vibrant downtown business district, offering strong accessibility and growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5883939
    Latitude
    40.5388448

    Nearby Similar for Sale

    • $1,800,000
      1 SF

      Manville Mixed-Use Landmark For Sale

      Historic mixed-use property with restaurant, laundromat, and rental rooms.
      52 S Main St, Manville, NJ 08835
      View Details
    • $1,800,000
      1 SF

      Manville Mixed-Use Investment Opportunity

      Historic mixed-use property with restaurant, laundromat, and residential rentals.
      52 S Main St, Manville, NJ 08835
      View Details
    • $1,800,000
      1 SF

      Manville Commercial Property For Sale

      Historic Manville property with restaurant, laundromat, rentals, and parking.
      52 S Main St, Manville, NJ 08835
      View Details
    • Contact for pricing
      7,000 SF

      Manville Office/Retail Space For Sale

      7000 SF office/retail space in downtown Manville, NJ.
      45 S Main St, Manville, NJ 08835
      View Details
    • Contact for pricing
      800 SF

      Manville Retail/Office Space Available

      Versatile 800 sq ft space in Manville's Main Street district.
      203 S Main St S, Manville, NJ 08835
      View Details
    • $574,750
      1,293 SF

      Manville Multi-Family Investment Opportunity

      Well-maintained duplex with long-term tenants in a convenient location.
      Manville Boro, Manville, NJ 08835
      View Details
    • $925,000
      Pending

      Multi-Unit Investment Opportunity, Manville Boro

      Five-unit multifamily property with separate utilities in a prime location.
      514 W Camplain Rd, Manville, NJ 08835
      View Details
    • $659,750

      Well-Kept Duplex in Manville

      Upgraded duplex with long-term tenants in a convenient location.
      1911 W Camplain Rd, Manville, NJ 08835
      View Details
    • $450,000

      Established Restaurant Business For Sale

      Established Tex Mex and BBQ restaurant business for sale in Manville.
      307 N Main St, Manville, NJ 08835
      View Details
    • $3,000,000
      12,200 SF

      Manville Industrial Property for Sale

      Industrial property in Manville, NJ, with convenient highway access.
      959 Kennedy Blvd, Manville, NJ 08835
      View Details
    • $649,900

      Two-Family House in Manville, NJ

      Two-family house suitable for personal use or rental investment.
      51 Gladys Ave, Manville, NJ 08835
      View Details
    • Contact for pricing
      7,000 SF

      Manville Main Street Commercial Space

      Prime Downtown Manville Office/Retail
      45 Main St, Manville, NJ 08835
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile retail/office space in downtown Manville with high visibility.
    Where is this retail space located?
    The property is located at 281 South Main St Manville, NJ.
    What is the asking price?
    The asking price for this property is $1,700.
    What are key features of this property?
    This property features: - High-traffic location in the heart of downtown Manville on South Main Street.; - Flexible 1,500 sq. ft. open floor plan suitable for various business types.; - Private front and rear entrances and a private bathroom.
    (855) 450-0442
    Request Owner's contact information
    281 South Main St Manville, NJ 08835
    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.
    281 South Main St
    Manville, NJ 08835
    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
    281 South Main St Manville, NJ 08835
    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

    We can help!
    Listing Contact
    MCANDREW OKWEI
    (855) 450-0442
    Learn more
    Google sign-in failed. Please try again or use another login method.