Renovated Ground-Level Office
For Sale
Contact for pricing
703 MILL CREEK ROAD #D, Manahawkin, NJ 08050
Renovated professional office suite with reception, private offices, parking, and signage opportunities.
Property Size822 SF
Price / SF$2.43
Days on Market53
Property Features for 703 MILL CREEK ROAD #D
General Information
Standard status
Active
Size
822 SF
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
Restaino Realty LLC
(609) 891-2892
Listed By:
Dayna A. Restaino · License #1757453
(609) 361-3121
Source:
Cummingsrealtors
Added: Sep 11
Changed: Nov 1
Last Checked: Nov 1 at 5:17AM
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 Restaino Realty LLC
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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 822-square-foot office unit occupies the ground level of a professional complex and is available for immediate occupancy. The renovated interior includes a reception area, three private offices, and a half bathroom, with central air conditioning and forced hot air for year-round climate control. The property was built in 1984.
Positioned at 703 Mill Creek Road in Manahawkin, the office is near the entrance to Beach Haven West and just off State Route 72. The complex includes established medical and professional businesses, with parking for clients and staff and signage opportunities visible from the state route.
Positioned at 703 Mill Creek Road in Manahawkin, the office is near the entrance to Beach Haven West and just off State Route 72. The complex includes established medical and professional businesses, with parking for clients and staff and signage opportunities visible from the state route.
Key Highlights
- 822 SF ground‑level office unit
- Renovated layout with reception area, 3 private offices, and half bathroom
- Central air conditioning and forced hot air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,577
Suggested Prices Based on Cap Rates
Cap Rate 5%
$251,540
$251.5K
Cap Rate 7%
$179,671
$179.7K
Cap Rate 9%
$139,744
$139.7K
Market Conditions
NOI Build-Up for 822 SF
Gross rent
$24.7K $30.00/SF
− Vacancy
−$7.9K −$9.60/SF
EGI
$16.8K $20.40/SF
− OpEx
−$4.2K −$5.10/SF
NOI
$12.6K $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%
$251,540
Cap Rate 7%
$179,671
Cap Rate 9%
$139,744
Alternative Uses
Best Use
Office B
$179.7K
$157.2K – $209.6K
NOI $12,577 @ 7.0% cap · market cap 628.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$214.6K
$187.8K – $250.4K
NOI $15,025 @ 7.0% cap · market cap 751.25%
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
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 08050, NJ
26,507
Population
14,182
Households
1.9
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
30.9 sq mi
ZIP Area
858
Density / Sq Mi
$115,456
Median Household Income
$60,458
Median Earnings
$1,756
Median Rent
$377,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Renovated professional office suite with reception, private offices, parking, and signage opportunities.
Where is this office unit located?
The property is located at 703 MILL CREEK ROAD #D Manahawkin, NJ.
What are key features of this property?
This property features: 822 SF ground‑level office unit; Renovated layout with reception area, 3 private offices, and half bathroom; Central air conditioning and forced hot air
