Live-Work Property with
29 South Street, Lanoka Harbor, NJ 08734
For Sale
$549,900
Commercial Sale, Lanoka Harbor, NJ
Property Size3,492 SF
Lot Size0.66 Acres
Price / SF$157.47
Days on Market119
Property Features for 29 South Street
General Information
Property type
Property subtype
Zoning description
Rooms
Parking
Parking features
Window features
Interior features
Exterior features
Basement
Accessibility
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Listing Agency:
Better Homes and Gardens Real Estate Murphy & Co
Listed By:
Joseph DeYonker · License #7840095
(609) 693-4600
Added: Jul 14
Changed: Oct 29
Last Checked: Nov 9 at 4:06AM
MLS# 22621738
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.
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Investment Insights
Based on property information with market context.
This 3,492-square-foot live-work property sits on a 0.66-acre parcel in Lanoka Harbor. The building includes three bedrooms and two bathrooms, along with a large garage and an additional building. Wood, linoleum, tile, and vinyl flooring are present, and the property has baseboard heating and electric cooling.
The site includes an 18-space parking area. A ramp provides an accessible approach to the building; exterior lighting is also noted.
The site includes an 18-space parking area. A ramp provides an accessible approach to the building; exterior lighting is also noted.
Key Highlights
- 3,492 square feet on 0.66 acres
- Three bedrooms and two bathrooms
- Parking area with 18 spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,333
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,660
$806.7K
Cap Rate 7%
$576,186
$576.2K
Cap Rate 9%
$448,144
$448.1K
Market Conditions
NOI Build-Up for 3,492 SF
Gross rent
$73.3K $21.00/SF
− Vacancy
−$8.8K −$2.52/SF
EGI
$64.5K $18.48/SF
− OpEx
−$24.2K −$6.93/SF
NOI
$40.3K $11.55/SF
Area
Ocean County, NJ
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$806,660
Cap Rate 7%
$576,186
Cap Rate 9%
$448,144
Alternative Uses
Best Use
Office B
$763.3K
$667.9K – $890.5K
NOI $53,428 @ 7.0% cap · market cap 9.72%
Second Best
Mixed Use
$576.2K
$504.2K – $672.2K
NOI $40,333 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$911.8K
$797.9K – $1.06M
NOI $63,828 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 08734, NJ
7,702
Population
3,028
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
92%
High-School Grad
5.1 sq mi
ZIP Area
1,510
Density / Sq Mi
$121,033
Median Household Income
$52,534
Median Earnings
$1,504
Median Rent
$387,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - Office, residential, or combined use is possible, with a large garage and an additional building.
Where is this live-work space located?
The property is located at 29 South Street Lanoka Harbor, NJ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: 3,492 square feet on 0.66 acres; Three bedrooms and two bathrooms; Parking area with 18 spaces
