Manahawkin Office Building For
675 E Route 72 Manahawkin, NJ 08050
675 E Route 72, Manahawkin, NJ, 08050
$1,800,000
Pending
For Sale
$1,800,000
Pending
10,000+ SF office building near Long Beach Island.
Property Size10,398 SF
Lot Size1.74 Acres
Days on Market186
Property Features for 675 E Route 72
General Information
- Standard status
- Pending
- Size
- 10,398 SF
- Lot size
- 1.74 Acres
- Property subtype
- Commercial
Listing Agency
BERKSHIRE HATHAWAY HOMESERVICES ZACK SHORE REALTORS
(609) 597-6464
Listed by
CURTIS LEE · License #0569686
Source
Corcoran
Added: Jan 14 Checked: Jul 19 at 4:47 am
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 BERKSHIRE HATHAWAY HOMESERVICES ZACK SHORE REALTORS
Investment Insights
Based on property information with market context.
Located on Route 72 in Manahawkin, New Jersey, this commercial property is situated approximately 1.8 miles east of the bridge to Long Beach Island. The office building has a size of over 10,000 square feet. The property is configured into four office units of varying sizes. It offers visibility, access, and on-site parking. The location is adjacent to an established office park with professional businesses. The property may suit medical offices, attorneys, accountants, title companies, and other professional services seeking exposure and proximity to Long Beach Island and surrounding communities.
Key Highlights
- Prime commercial location on highly trafficked Route 72, 1.8 miles from Long Beach Island.
- 10,000+ square foot office building with excellent visibility and easy access.
- Ample on‑site parking.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $311.9k | $30.00 |
| − Vacancy | −$99.8k | −$9.60 |
| EGI | $212.1k | $20.40 |
| − OpEx | −$53.0k | −$5.10 |
| NOI | $159.1k | $15.30 |
10,398 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.27M
$1.99M – $2.65M
NOI $159,089 @ 7.0% cap · market cap 8.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,059 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - 10,000+ SF office building near Long Beach Island.
Where is this office building located?
The property is located at 675 E Route 72 Manahawkin, NJ.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime commercial location on highly trafficked Route 72, 1.8 miles from Long Beach Island.; 10,000+ square foot office building with excellent visibility and easy access.; Ample on‑site parking.
