For Sale
$849,900
112 Hedgerow Lane, Manalapan, NJ 07726
Residential, Duplex, Manalapan, NJ
Property Size2,249 SF
Lot Size0.12 Acres
Price / SF$377.90
Days on Market20
Property Features for 112 Hedgerow Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Laundry Room, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3
Parking features
Driveway
Patio and Porch features
Patio
Pets allowed
Cats OK, Dogs OK
Interior features
Dec Molding
Subdivision
Grande/Battlegrnd
Lot features
Near Golf Course
Directions
Millhurst Rd to Covenhaven Rd to Hedgerow Lane
Standard status
Active
APN
28-06503-0000-00001-13
Size
2,249 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12744
HOA Fee
$378 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2022
Floors in Building
2
Roof type
Shingle
Architectural style
Other
Listing Agency:
Weichert Realtors-Manalapan
Listed By:
Alex Vayntraub
(732) 536-4400
Added: Aug 23
Changed: Sep 10
Last Checked: Sep 11 at 4:06PM
MLS# 22625488
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.
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
$34,585
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
4.07%
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%
$691,700
$691.7K
Cap Rate 7%
$494,071
$494.1K
Cap Rate 9%
$384,278
$384.3K
Market Conditions
NOI Build-Up for 2,249 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
$67.5K $30.00/SF
− Vacancy
−$4.6K −$2.04/SF
EGI
$62.9K $27.96/SF
− OpEx
−$28.3K −$12.58/SF
NOI
$34.6K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$691,700
Cap Rate 7%
$494,071
Cap Rate 9%
$384,278
Alternative Uses
Best Use
Apartment 5plus
$494.1K
$432.3K – $576.4K
NOI $34,585 @ 7.0% cap · market cap 4.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.3K
$513.9K – $685.1K
NOI $41,108 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 07726, NJ
44,945
Population
16,822
Households
2.7
Avg Household Size
45
Median Age
55%
College-Educated
97%
High-School Grad
33.1 sq mi
ZIP Area
1,358
Density / Sq Mi
$145,625
Median Household Income
$75,503
Median Earnings
$1,973
Median Rent
$603,000
Median Home Value
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Frequently Asked Questions
Where is this single family property located?
The property is located at 112 Hedgerow Lane Manalapan, NJ.
What is the asking price?
The asking price for this property is $849,900.
