Office Unit with Reception
For Sale
$289,000
213 Lacey Road, Forked River, NJ 08731
Commercial Sale, Forked River, NJ
Property Size792 SF
Lot Size0.11 Acres
Price / SF$364.90
Days on Market140
Property Features for 213 Lacey Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Professional, Commercial
Parking
4
Parking features
Parking Lot
Lot features
Highway Frontage
Directions
LACEY RD.
Subdivision
Forked River
Standard status
Active
APN
13-01414-0000-00004
Size
792 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3167
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Roof type
Shingle
Listing Agency:
Crossroads Realty, Inc.
(732) 244-4900
Listed By:
Lori A Woytanowski
(732) 350-1000
Added: Apr 27
Changed: Sep 5
Last Checked: Sep 13 at 6:06AM
MLS# 22611814
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.
This 792-square-foot office unit provides a practical professional layout with laminate flooring, a reception area, and a room configured for conference use or a private office. The bathroom has been recently renovated, and the property is offered as-is.
The property is located at 213 Lacey Road in Forked River, NJ, with access to public water and public sewer. Forced-air heating, a shingle roof, and a parking lot are included. The building dates to 1950. Potential medical, legal, and other professional uses require approval by Lacey Township, with buyers responsible for their own due diligence.
The property is located at 213 Lacey Road in Forked River, NJ, with access to public water and public sewer. Forced-air heating, a shingle roof, and a parking lot are included. The building dates to 1950. Potential medical, legal, and other professional uses require approval by Lacey Township, with buyers responsible for their own due diligence.
Key Highlights
- 792‑square‑foot office unit
- Reception area plus conference room or private office
- Recently renovated bathroom
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
$12,118
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
4.19%
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%
$242,360
$242.4K
Cap Rate 7%
$173,114
$173.1K
Cap Rate 9%
$134,644
$134.6K
Market Conditions
NOI Build-Up for 792 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
$23.8K $30.00/SF
− Vacancy
−$7.6K −$9.60/SF
EGI
$16.2K $20.40/SF
− OpEx
−$4.0K −$5.10/SF
NOI
$12.1K $15.30/SF
Area
Ocean 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%
$242,360
Cap Rate 7%
$173,114
Cap Rate 9%
$134,644
Alternative Uses
Best Use
Office B
$173.1K
$151.5K – $202.0K
NOI $12,118 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.8K
$181.0K – $241.3K
NOI $14,476 @ 7.0% cap · market cap 5.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 08731, NJ
20,953
Population
9,663
Households
2.2
Avg Household Size
45
Median Age
32%
College-Educated
94%
High-School Grad
78.1 sq mi
ZIP Area
268
Density / Sq Mi
$93,267
Median Household Income
$45,345
Median Earnings
$2,080
Median Rent
$360,000
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Compact professional office setting with a conference room or private office and a recently renovated bathroom.
Where is this office units located?
The property is located at 213 Lacey Road Forked River, NJ.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 792‑square‑foot office unit; Reception area plus conference room or private office; Recently renovated bathroom
