Office
For Sale
Contact for pricing
305 Lacey Road #5, Forked River, NJ 08731
A 900-square-foot unit is available for a range of office uses.
Property Size900 SF
Price / SF$2.00
Days on Market55
Property Features for 305 Lacey Road #5
General Information
Standard status
Active
Size
900 SF
Property subtype
Commercial
Listing Agency:
Keller Williams Shore Properties
Listed By:
Toni Ann Muro · License #0675341
(732) 797-9001
Source:
Defelicerealtygroup
Added: Sep 8
Changed: Oct 31
Last Checked: Oct 31 at 2:14PM
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 Shore Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 900-square-foot office unit is located at 305 Lacey Road, Suite 5, in Forked River, New Jersey. The space is marketed for lease and may suit a range of business uses.
Key Highlights
- 900‑square‑foot office unit at 305 Lacey Road, Suite 5
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,770
Suggested Prices Based on Cap Rates
Cap Rate 5%
$275,400
$275.4K
Cap Rate 7%
$196,714
$196.7K
Cap Rate 9%
$153,000
$153.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$27.0K $30.00/SF
− Vacancy
−$8.6K −$9.60/SF
EGI
$18.4K $20.40/SF
− OpEx
−$4.6K −$5.10/SF
NOI
$13.8K $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 Rate 5%
$275,400
Cap Rate 7%
$196,714
Cap Rate 9%
$153,000
Alternative Uses
Best Use
Office B
$196.7K
$172.1K – $229.5K
NOI $13,770 @ 7.0% cap · market cap 766.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$235.0K
$205.6K – $274.2K
NOI $16,451 @ 7.0% cap · market cap 915.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A 900-square-foot unit is available for a range of office uses.
Where is this office unit located?
The property is located at 305 Lacey Road #5 Forked River, NJ.
What are key features of this property?
This property features: 900‑square‑foot office unit at 305 Lacey Road, Suite 5; On‑site parking
