Medical Office Suite with Exam
For Sale
Contact for pricing
50 Franklin Lane #201, Manalapan, NJ 07726
The built-out layout includes private exam and consultation rooms, patient reception, and a dedicated waiting area.
Property Size2,200 SF
Price / SF$2.08
Days on Market266
Property Features for 50 Franklin Lane #201
General Information
Standard status
Active
Size
2,200 SF
Elevators
Yes
Property subtype
Office
Additional Details
Condition
Built-Out
Property Use
Medical Office
Amenities
multiple exam rooms + private offices
reception and waiting area
private kitchenette
two in-suite bathrooms
extensive windows / natural light
Building Details
Year Built
2005
Listing Agency:
Keller Williams Realty Central Monmouth
Listed By:
Raymond Epshteyn · License #1973268
(732) 945-5253
Source:
Defelicerealtygroup
Added: Feb 7
Changed: Oct 31
Last Checked: Oct 31 at 3:28AM
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 Realty Central Monmouth
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Investment Insights
Based on property information with market context.
This 2,200-square-foot medical office suite at 50 Franklin Lane, Suite 201, includes multiple exam rooms, private consultation offices, a reception area, and a waiting room. A kitchenette and two bathrooms are located within the suite. Windows bring natural light into the clinical workspace, and the building was constructed in 2005 with elevator service.
The property is just off Route 9 in Manalapan, with access to Manalapan, Marlboro, Freehold, and other Monmouth County communities. Parking is available at the property.
The property is just off Route 9 in Manalapan, with access to Manalapan, Marlboro, Freehold, and other Monmouth County communities. Parking is available at the property.
Key Highlights
- 2,200± SF medical office suite
- Multiple exam rooms and private consultation offices
- Reception area and waiting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,757
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,140
$655.1K
Cap Rate 7%
$467,957
$468.0K
Cap Rate 9%
$363,967
$364.0K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$58.1K $26.40/SF
− Vacancy
−$3.5K −$1.58/SF
EGI
$54.6K $24.82/SF
− OpEx
−$21.8K −$9.93/SF
NOI
$32.8K $14.89/SF
Area
Monmouth County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,140
Cap Rate 7%
$467,957
Cap Rate 9%
$363,967
Alternative Uses
Best Use
Office B
$480.9K
$420.8K – $561.0K
NOI $33,660 @ 7.0% cap · market cap 734.13%
Second Best
Healthcare Medical
$468.0K
$409.5K – $546.0K
NOI $32,757 @ 7.0% cap · market cap 714.44%
Theoretical Best
Office A
$574.5K
$502.7K – $670.2K
NOI $40,212 @ 7.0% cap · market cap 877.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Town & Country Veterinary Services — 12 Franklin Ln, Manalapan Township, NJ 07726
Frequently Asked Questions
What type of property is this?
Medical Office Space - The built-out layout includes private exam and consultation rooms, patient reception, and a dedicated waiting area.
Where is this medical office space located?
The property is located at 50 Franklin Lane #201 Manalapan, NJ.
What are key features of this property?
This property features: 2,200± SF medical office suite; Multiple exam rooms and private consultation offices; Reception area and waiting room
