Medical Office
102-104 Manchester Boulevard, Whiting, NJ 08759
For Sale
$459,999
Mixed-use zoning supports medical and professional office use.
Property Size957 SF
Lot Size0.61 Acres
Price / SF$480.67
Days on Market50
Property Features for 102-104 Manchester Boulevard
General Information
Standard status
Size
Lot size
Building Details
Year Built
Buildings
Building Size
Listing Agency:
REAL
Listed By:
AMANDA N. DASILVA
(855) 450-0442
Source:
Luminancerealty
Added: Sep 18
Changed: Oct 25
Last Checked: Oct 5 at 8:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REAL
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Investment Insights
Based on property information with market context.
This office property includes a 957-square-foot building constructed in 1961. The improvements are positioned for medical, legal, or other professional office functions, with mixed-use zoning providing flexibility for continued office occupancy or future redevelopment planning.
The sale includes 102 and 104 Manchester Boulevard in Whiting, New Jersey. Together, the parcels comprise 0.61 acre and provide a larger land component relative to the existing building, while the property’s Manchester Boulevard address supports direct access to the site.
The sale includes 102 and 104 Manchester Boulevard in Whiting, New Jersey. Together, the parcels comprise 0.61 acre and provide a larger land component relative to the existing building, while the property’s Manchester Boulevard address supports direct access to the site.
Key Highlights
- 957‑square‑foot office building constructed in 1961
- Combined 0.61‑acre lot across 102 and 104 Manchester Boulevard
- Mixed‑use zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,642
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$292,840
$292.8K
Cap Rate 7%
$209,171
$209.2K
Cap Rate 9%
$162,689
$162.7K
Market Conditions
NOI Build-Up for 957 SF
Gross rent
$28.7K $30.00/SF
− Vacancy
−$9.2K −$9.60/SF
EGI
$19.5K $20.40/SF
− OpEx
−$4.9K −$5.10/SF
NOI
$14.6K $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 Rate 5%
$292,840
Cap Rate 7%
$209,171
Cap Rate 9%
$162,689
Alternative Uses
Best Use
Office B
$209.2K
$183.0K – $244.0K
NOI $14,642 @ 7.0% cap · market cap 3.18%
Second Best
Healthcare Medical
$203.6K
$178.1K – $237.5K
NOI $14,249 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$249.9K
$218.7K – $291.5K
NOI $17,492 @ 7.0% cap · market cap 3.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Explore this area
Business Placement
Demographics for 08759, NJ
34,547
Population
22,101
Households
1.6
Avg Household Size
69
Median Age
23%
College-Educated
93%
High-School Grad
61.3 sq mi
ZIP Area
564
Density / Sq Mi
$55,000
Median Household Income
$41,089
Median Earnings
$1,324
Median Rent
$176,600
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Ocean County, NJ
Properties on Market for Office buildings in Ocean County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Mixed-use zoning supports medical and professional office use.
Where is this office building located?
The property is located at 102-104 Manchester Boulevard Whiting, NJ.
What is the asking price?
The asking price for this property is $459,999.
What are key features of this property?
This property features: 957‑square‑foot office building constructed in 1961; Combined 0.61‑acre lot across 102 and 104 Manchester Boulevard; Mixed‑use zoning
