Prime Location Office
102 Manchester Blvd Manchester Twp, NJ 08759
102 Manchester Blvd, Manchester Twp, NJ, 08759
$459,999
For Sale
$459,999
Office building on 0.61 acre lot, excellent potential.
Property Size957 SF
Lot Size0.61 Acres
Price / SF$480.67
Days on Market103
Property Features for 102 Manchester Blvd
General Information
- Standard status
- Active
- Size
- 957 SF
- Lot size
- 0.61 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1961
Listing agency
Real Broker LLC
(855) 450-0442
Listed by
AMANDA NADIA DASILVA
Source
Elliman
Added: Apr 10 Updated: Jul 10 at 3:54PM Checked: Jul 21 at 6:52AM
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 Broker LLC
Investment Insights
Based on property information with market context.
The property includes two lots with a combined area of 0.61 acres in a prime location. It features a 957 square foot building suitable for medical, attorney, or professional office use. The mixed-use zoning provides potential for investors, business owners, or redevelopment. The property offers high visibility and accessibility.
Key Highlights
- Prime location with high visibility and easy accessibility.
- Combined lot size of 0.61 acre.
- Mixed‑use zoning offers excellent potential for investors or redevelopment.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.7k | $30.00 |
| − Vacancy | −$9.2k | −$9.60 |
| EGI | $19.5k | $20.40 |
| − OpEx | −$4.9k | −$5.10 |
| NOI | $14.6k | $15.30 |
957 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- Whiting Veterinary Clinic — 108 Lacey Rd #14, Whiting, NJ 08759
FAQs
What type of property is this?
Medical Office Space - Office building on 0.61 acre lot, excellent potential.
Where is this medical office space located?
The property is located at 102 Manchester Blvd Manchester Twp, 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: Prime location with high visibility and easy accessibility.; Combined lot size of 0.61 acre.; Mixed‑use zoning offers excellent potential for investors or redevelopment.
