Highway Commercial
For Sale
Contact for pricing
309 State Route 33 East E, Manalapan, NJ 07726
Highway Commercial-zoned land includes a small office building on Route 33 East.
Property Size131,987 SF
Days on Market47
Property Features for 309 State Route 33 East E
General Information
Standard status
Active
Size
131,987 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$9,134
Building Details
Building Size
131,987 SF
Year Built
1942
Stories
1
Listing Agency:
BURKE REALTY
Listed By:
JOHN H. BURKE · License #3522589
(732) 658-6800
Source:
Elliman
Added: Sep 20
Changed: Oct 29
Last Checked: Nov 4 at 1:57PM
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 BURKE REALTY
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Highway Commercial property combines land with a small office building located on Route 33 East. The office building dates to 1942 and is offered in its existing condition.
The site is identified for potential truck parking, equipment storage, paver operations, and construction-related uses, including general contracting, HVAC, and plumbing businesses. The property is in Manalapan, New Jersey, with access from State Route 33 East.
The site is identified for potential truck parking, equipment storage, paver operations, and construction-related uses, including general contracting, HVAC, and plumbing businesses. The property is in Manalapan, New Jersey, with access from State Route 33 East.
Key Highlights
- Highway Commercial zoning
- Small office building on the property
- Building constructed in 1942
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,019,401
Suggested Prices Based on Cap Rates
Cap Rate 5%
$40,388,020
$40.4M
Cap Rate 7%
$28,848,586
$28.8M
Cap Rate 9%
$22,437,789
$22.4M
Market Conditions
NOI Build-Up for 131,987 SF
Gross rent
$3.96M $30.00/SF
− Vacancy
−$1.27M −$9.60/SF
EGI
$2.69M $20.40/SF
− OpEx
−$673.1K −$5.10/SF
NOI
$2.02M $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 Rate 5%
$40,388,020
Cap Rate 7%
$28,848,586
Cap Rate 9%
$22,437,789
Alternative Uses
Best Use
Office B
$28.85M
$25.24M – $33.66M
NOI $2,019,401 @ 7.0% cap · market cap 33,656.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$34.46M
$30.16M – $40.21M
NOI $2,412,511 @ 7.0% cap · market cap 40,208.52%
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
107
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
Frequently Asked Questions
What type of property is this?
Commercial land - Highway Commercial-zoned land includes a small office building on Route 33 East.
Where is this commercial land located?
The property is located at 309 State Route 33 East E Manalapan, NJ.
What are key features of this property?
This property features: Highway Commercial zoning; Small office building on the property; Building constructed in 1942
