Office Building with
For Sale
Contact for pricing
17 Church Lane, Englishtown, NJ 07726
Office building includes an attic for potential expansion and a basement suited for future workspace.
Property Size2,212 SF
Price / SF$361.21
Days on Market97
Property Features for 17 Church Lane
General Information
Standard status
Active
Size
2,212 SF
Property subtype
Office, Mixed Use
Zoning
Mixed Used
Building Details
Year Built
1970
Year Renovated
2024
Buildings
1
Units
2
Listing Agency:
Keller Williams Realty West Monmouth
Listed By:
Iftikhar Haq · License #0789304
(732) 769-1110
Source:
Crexi
Added: Jun 1
Changed: Aug 28
Last Checked: Sep 2 at 11:24AM
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
Investment Insights
Based on property information with market context.
This office building presents a meaningful value-add with additional space opportunities, including a full attic that may support expansion, along with a basement that is suited for future office build-out or added workspace. The property also features a Generac whole-building generator, intended to help maintain uninterrupted operations and support business continuity. It also offers a strong owner-user angle, with the flexibility to customize the space to specific business requirements.
The property is located at 17 Church Lane in Manalapan Township, New Jersey, and is offered for sale as a combination of existing professional functionality and room to grow through the attic and basement areas.
The property is located at 17 Church Lane in Manalapan Township, New Jersey, and is offered for sale as a combination of existing professional functionality and room to grow through the attic and basement areas.
Key Highlights
- Year built 1970 office building with an attic offering potential space expansion
- Basement is suited for future workspace and potential office build‑out
- Generac whole‑building generator included for uninterrupted operations
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
4.24%
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 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$577.6K
$505.4K – $673.9K
NOI $40,432 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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
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Frequently Asked Questions
What type of property is this?
Office building - Office building includes an attic for potential expansion and a basement suited for future workspace.
Where is this office building located?
The property is located at 17 Church Lane Englishtown, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Year built 1970 office building with an attic offering potential space expansion; Basement is suited for future workspace and potential office build‑out; Generac whole‑building generator included for uninterrupted operations
