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

    70 Norwalk Ave, Unit 73 Manchester, NJ 08759

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $204,900

    Located in Crestwood 7, this home offers comfortable adult living.

    Lot size:
    0.14 Acres

    Property Features for 70 Norwalk Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Source: Elliman

    Listing Agency: RE/MAX at Barnegat Bay

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Well-Maintained Home in Crestwood 7

    Located in the Crestwood 7 adult community of Whiting, this well-maintained Newbury model offers 1,192 square feet of living space. The home backs to a wooded area and features freshly painted walls, hickory cabinets, a custom backsplash, and ceramic tile in the bathrooms and den. Aluminum siding and an underground sprinkler system contribute to the property's curb appeal, along with decorative landscaping and an extended front porch area with pavers. Sliding glass doors lead to a 12 X 10 private patio. The property is located on Norwalk Ave, not a finger street.
    Location Intelligence

    Current Use by Public Records

    Senior housing facilities

    Map

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

    Nearby Similar for Sale

    • $98,900
      1,100 SF

      Ranch Duplex in 55+ Community

      Two-bedroom duplex in a 55+ community with numerous amenities.
      13B Pheasant St, Manchester, NJ 08759
      View Details
    • $1,050,000
      2,664 SF

      Established Pharmacy with Drive-Thru

      Profitable pharmacy in high-visibility location with drive-thru and ample parking.
      111111 Cnty Rd Rte, Manchester, NJ 08759
      View Details
    • $319,900
      1,755 SF

      Well-Maintained Duplex in Active Community

      Duplex in active adult community with two primary suites.
      1038A Canterbury Dr, Manchester, NJ 08759
      View Details
    • $199,900
      Pending

      Established Ice Cream Storefront For Sale

      Turnkey ice cream parlor in high-traffic Manchester location.
      1013 Route 70 W, Manchester, NJ 08759
      View Details
    • $209,900
      1,391 SF

      Ranch Duplex in Manchester, NJ

      Ranch duplex with thermal windows, newer roof and central air.
      37B Cambridge Cir, Manchester, NJ 08759
      View Details
    • $1,200,000
      4,600 SF

      Versatile Building on 4.63 Acres

      Versatile building in prime location with income and development potential.
      2101 Lk Rd, Manchester, NJ 08759
      View Details
    • $279,000

      Updated Condo in 55+ Community

      Updated 2BR condo in active adult community with amenities.
      835B Liverpool Cir, Manchester, NJ 08759
      View Details
    • $149,999

      Updated Duplex in 55+ Community

      Updated 2-bedroom duplex in a 55+ community.
      60A Pheasant St, Manchester, NJ 08759
      View Details
    • $399,999

      Remodeled Home in 55+ Community

      Remodeled 2-bedroom home in a vibrant 55+ community.
      3 Gladstone Ave, Manchester, NJ 08759
      View Details
    • $475,000

      Refined Living in Gated Community

      Sought-after 55+ community with resort-style amenities and modern features.
      128 Eleanor Rd, Manchester, NJ 08759
      View Details
    • $83,000

      Updated Two-Bedroom Adult Co-Op

      Affordable, updated two-bedroom co-op with low HOA fees.
      2C Dove St, Manchester, NJ 08759
      View Details
    • $334,800

      Golf Courses and Recreation Property

      Recreational property featuring golf courses, pools, fitness center, and more.
      18 Cambridge Cir, Manchester, NJ 08759
      View Details

    FAQs

    What type of property is this?
    Senior housing facility - Located in Crestwood 7, this home offers comfortable adult living.
    Where is this senior housing facility located?
    The property is located at 70 Norwalk Ave, Unit 73 Manchester, NJ.
    What is the asking price?
    The asking price for this property is $204,900.
    What are key features of this property?
    This property features: - Located in the desirable Crestwood 7 adult community of Whiting.; - Backs to a wooded area for privacy.; - **Well-maintained Newbury model with 1,192 sq ft of living space.**
    (732) 473-1700
    Request Owner's contact information
    70 Norwalk Ave, Unit 73 Manchester, NJ 08759
    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.
    70 Norwalk Ave, Unit 73
    Manchester, NJ 08759
    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
    70 Norwalk Ave, Unit 73 Manchester, NJ 08759
    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
    (732) 473-1700
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.