Six-Suite Medical Office
For Sale
Contact for pricing
17-19 South Main Street, Manville, NJ 08835
Separate water and sewer service support distinct medical office or retail occupancy across the building.
Property Size8,400 SF
Lot Size0.67 Acres
Price / SF$208.33
Days on Market53
Property Features for 17-19 South Main Street
General Information
Standard status
Active
Size
8,400 SF
Total Parking Spaces
15
Lot size
0.67 Acres
Property subtype
Retail, Office
Additional Details
Utilities to Site
Yes
Office Units
6
Building Details
Tenancy
Multi
Listing Agency:
NAI James E. Hanson - Teterboro
Listed By:
Sheneeza Ali, CCIM · License #NJ 0450024
Source:
Crexi
Added: Aug 27
Changed: Oct 6
Last Checked: Oct 16 at 8:29AM
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 NAI James E. Hanson - Teterboro
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Investment Insights
Based on property information with market context.
This medical office property contains 8,400 SF arranged across six individual suites ranging from 1,200 to 1,600 SF. The layout is suited to medical office or retail use, with separate utilities serving the suites, including independent water and sewer service. The configuration provides a clearly divided commercial setting for multiple occupants or practices.
The property occupies .67 acres at 17-19 South Main Street in Manville, New Jersey, and includes 15 parking spaces. Its combination of suite separation, dedicated utility service, and on-site parking supports a range of professional and customer-facing commercial operations.
The property occupies .67 acres at 17-19 South Main Street in Manville, New Jersey, and includes 15 parking spaces. Its combination of suite separation, dedicated utility service, and on-site parking supports a range of professional and customer-facing commercial operations.
Key Highlights
- 8,400 SF medical office property divided into 6 separate suites
- Six suites range from 1,200‑1,600 SF each
- Medical office and retail uses supported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,520
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,570,400
$2.6M
Cap Rate 7%
$1,836,000
$1.8M
Cap Rate 9%
$1,428,000
$1.4M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$252.0K $30.00/SF
− Vacancy
−$80.6K −$9.60/SF
EGI
$171.4K $20.40/SF
− OpEx
−$42.8K −$5.10/SF
NOI
$128.5K $15.30/SF
Area
Somerset 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%
$2,570,400
Cap Rate 7%
$1,836,000
Cap Rate 9%
$1,428,000
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.14M
NOI $128,520 @ 7.0% cap · market cap 7.34%
Second Best
Healthcare Medical
$1.79M
$1.56M – $2.08M
NOI $125,073 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,539 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08835, NJ
10,953
Population
4,538
Households
2.4
Avg Household Size
39
Median Age
29%
College-Educated
92%
High-School Grad
2.3 sq mi
ZIP Area
4,762
Density / Sq Mi
$93,872
Median Household Income
$45,559
Median Earnings
$1,837
Median Rent
$321,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Separate water and sewer service support distinct medical office or retail occupancy across the building.
Where is this medical office space located?
The property is located at 17-19 South Main Street Manville, NJ.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 8,400 SF medical office property divided into 6 separate suites; Six suites range from 1,200‑1,600 SF each; Medical office and retail uses supported
