Professional Office Building with
For Sale
$779,900
Pending
17 Church Lane, Manalapan, NJ 07726
Commercial Sale, Manalapan, NJ
Property Size2,212 SF
Lot Size0.56 Acres
Days on Market121
Property Features for 17 Church Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Residential, Commercial
Basement
Partial, Crawl Space
Directions
tenant road. Right onto Church lane. Property is on the left. Use GPS.
Subdivision
Manalapan
Standard status
Pending
APN
28-00021-0000-00010-02
Size
2,212 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9381
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Flooring type
Tile
Building materials
Aluminum Siding, Brick
Listing Agency:
Keller Williams Realty Freehold
(732) 536-9010
Listed By:
Amanda Krohn
(732) 536-9010
Added: Apr 24
Changed: Aug 21
Last Checked: Aug 22 at 12:06AM
MLS# 22610838
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.
Investment Insights
Based on property information with market context.
Located at 17 Church Lane, this 2,212-square-foot office building offers a flexible layout for professional operations. The interior includes three large rooms, a bonus room, tile flooring, forced-air heating, and central air conditioning. A 1.5-car garage provides additional storage or workshop space, while the deep attic and unfinished basement offer expansion areas.
The property occupies 0.56 acres in Manalapan, New Jersey, with RT (Residential Transitional) zoning. Public water serves the building, and wastewater is handled by a septic tank. Built in 1970, the structure features aluminum siding and brick construction. A Generac whole-house generator is also installed.
The property occupies 0.56 acres in Manalapan, New Jersey, with RT (Residential Transitional) zoning. Public water serves the building, and wastewater is handled by a septic tank. Built in 1970, the structure features aluminum siding and brick construction. A Generac whole-house generator is also installed.
Key Highlights
- 2,212‑square‑foot office building on 0.56 acres
- RT (Residential Transitional) zoning
- Three large rooms plus a versatile bonus room
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
$33,844
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
4.34%
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%
$676,880
$676.9K
Cap Rate 7%
$483,486
$483.5K
Cap Rate 9%
$376,044
$376.0K
Market Conditions
NOI Build-Up for 2,212 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
$66.4K $30.00/SF
− Vacancy
−$21.2K −$9.60/SF
EGI
$45.1K $20.40/SF
− OpEx
−$11.3K −$5.10/SF
NOI
$33.8K $15.30/SF
Area
Monmouth 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 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%
$676,880
Cap Rate 7%
$483,486
Cap Rate 9%
$376,044
Alternative Uses
Best Use
Office B
$483.5K
$423.1K – $564.1K
NOI $33,844 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.6K
$505.4K – $673.9K
NOI $40,432 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
153
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Versatile office property with three large rooms, a bonus room, expansion areas, and RT zoning for professional use.
Where is this office building located?
The property is located at 17 Church Lane Manalapan, NJ.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: 2,212‑square‑foot office building on 0.56 acres; RT (Residential Transitional) zoning; Three large rooms plus a versatile bonus room
