Versatile Medical Office
2101 Lake Road Unit 2101 Manchester, NJ 08759
2101 Lake Road Unit 2101, Manchester, NJ, 08759
$999,000
For Sale
$999,000
Leased professional building on 4.63 acres, with public sewer and water connections behind the property.
Property Size4,600 SF
Lot Size4.63 Acres
Price / SF$217.17
Days on Market256
Property Features for 2101 Lake Road Unit 2101
General Information
- Standard status
- Active
- Size
- 4,600 SF
- Lot size
- 4.63 Acres
- Property subtype
- General Commercial
Listing agency
One Real Estate Group, LLC
(732) 663-9898
Listed by
Chaya Klein · License #1649028
(732) 663-9898
Source
Xome
Added: Nov 7, 2025 Updated: Jul 21 at 7:53AM Checked: Jul 21 at 7:53AM
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 One Real Estate Group, LLC
Investment Insights
Based on property information with market context.
This versatile building is currently leased and offered for sale on a 4.63-acre site. The property supports flexible use as a medical office, general office, school, specialty use, or other permitted applications, with the option to renovate or expand to fit future requirements.
The property is located in the WTOP Whiting Town Office Professional zone. Public sewer and water connections are located directly behind the building, providing added convenience for future development and tie-ins.
The offering includes the ability to develop up to 40,000 square feet on site, subject to approvals, supporting longer-term planning for a medical complex, school campus, office building, or other institutional-style uses within the zone.
The property is located in the WTOP Whiting Town Office Professional zone. Public sewer and water connections are located directly behind the building, providing added convenience for future development and tie-ins.
The offering includes the ability to develop up to 40,000 square feet on site, subject to approvals, supporting longer-term planning for a medical complex, school campus, office building, or other institutional-style uses within the zone.
Key Highlights
- Leased professional building on 4.63 acres, with tenant paying $6,000 per month
- WTOP Whiting Town Office Professional zone with flexible permitted uses
- 21 lighted, reserved on‑site parking spaces
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 | $138.0k | $30.00 |
| − Vacancy | −$44.2k | −$9.60 |
| EGI | $93.8k | $20.40 |
| − OpEx | −$23.5k | −$5.10 |
| NOI | $70.4k | $15.30 |
4,600 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.01M
$879.8K – $1.17M
NOI $70,380 @ 7.0% cap · market cap 7.05%
Second Best
Healthcare Medical
$978.5K
$856.2K – $1.14M
NOI $68,492 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,081 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ocean Cardiovascular
Medical Clinic
Karatepe Murat MD
Physician
Aviv Wellness Center
Medical Clinic
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Leased professional building on 4.63 acres, with public sewer and water connections behind the property.
Where is this office building located?
The property is located at 2101 Lake Road Unit 2101 Manchester, NJ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Leased professional building on 4.63 acres, with tenant paying $6,000 per month; WTOP Whiting Town Office Professional zone with flexible permitted uses; 21 lighted, reserved on‑site parking spaces
