Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    8 County Road 520 #D Manalapan, NJ 07726

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,500 /Mo

    Newly renovated office space available immediately, zoned for medical use.

    Type:Commercial
    Added:
    Feb 25, 2025
    Days on Market:
    427
    Last Refresh:
    Apr 5 at 8:08 pm

    Property Features for 8 County Road 520 #D

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    FRANK COPPOLA

    Listing agent FRANK COPPOLA

    Listing office KELLER WILLIAMS REALTY WEST MONMOUTH

    Listing date Feb 25, 2025

    Source Corcoran

    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 KELLER WILLIAMS REALTY WEST MONMOUTH

    Overview

    Renovated Office Space for Rent

    This newly renovated 2200 square foot office space is available for rent immediately. It is zoned for medical use only and is located in a high visibility area right off US Route 9. The layout includes a reception area, an office, 9 exam rooms, and 2 half baths. The bright office space is located in the lower level of a building and offers ample parking. The space is currently vacant and ready for occupancy, with a preference for a long-term lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • 4 Paws Animal Hospital — 184 US-9 #15, Englishtown, NJ 07726
    • Dr. Scott Turk — 184 US-9, Englishtown, NJ 07726
    • Orzel Anna DVM — 184 US-9, Englishtown, NJ 07726
    • Polonet Robin DVM — 184 US-9, Englishtown, NJ 07726
    • Dr. Sharon Toll — 184 US-9, Englishtown, NJ 07726

    Location Insight

    • Map
    • Local Demand
    City
    Manalapan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.3118
    Latitude
    40.3558

    Nearby Similar for Lease

    • $15 SF/Yr

      Manalapan Medical Office For Rent

      Turnkey medical office space available for immediate occupancy in Manalapan.
      500 Park Avenue, Manalapan, NJ 07726
      View Details
    • Contact for pricing

      Therapy and Office Rooms Rental

      Modern therapy and office rooms for rent in Manalapan, NJ.
      335 Us Highway 9, Manalapan, NJ 07726
      View Details
    • Contact for pricing

      Manalapan Commercial Space For Rent

      Prime commercial space suitable for medical or professional office use.
      221 Taylors Mills Road, Manalapan, NJ 07726
      View Details
    • $15 SF/Yr

      Turnkey Medical Office in Manalapan

      Move-in ready, furnished medical office space for lease.
      500 Park Avenue #200, Manalapan, NJ 07726
      View Details
    • $4,585/Mo

      Manalapan Medical Office Suite

      2,200 SF medical office suite in prime location.
      50 Franklin Lane #201, Manalapan, NJ 07726
      View Details
    • Contact for pricing

      Former Bank/Office/Retail Building Available

      Former bank building with ample parking and high traffic.
      191 Plaza 9 | Manalapan, NJ 07726
      View Details
    • $2,200/Mo

      Renovated Office Building For Rent

      Newly renovated office space in high-traffic Manalapan location.
      711 Tennent Road, Manalapan, NJ 07726
      View Details
    • Contact for pricing

      Manalapan Shopping Center Retail Space

      Retail space available in supermarket-anchored shopping center in Manalapan, NJ.
      700 Tennent Rd, Manalapan, NJ
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Newly renovated office space available immediately, zoned for medical use.
    Where is this medical office space located?
    The property is located at 8 County Road 520 #D Manalapan, NJ.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: High visibility location off US Route 9; Newly renovated 2200SF office space; Includes reception area, office, 9 exam rooms, and 2 half baths
    (732) 536-9010
    We can help!
    Listing Contact
    FRANK COPPOLA
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!