Multi-Tenant Industrial Flex
For Sale
$1,000,000
9 Mount Lane 1, Manasquan, NJ 08736
Multi-tenant configuration combines warehouse and office space with gas heat and air conditioning in office units.
Property Size8,441 SF
Days on Market104
Property Features for 9 Mount Lane 1
General Information
Standard status
Active
Size
8,441 SF
Property subtype
Mixed Use
Building Details
Building Size
8,441 SF
Year Built
1912
Listing Agency:
KeyVest LLC
(877) 662-7540
Listed By:
Thomas M Santoro Jr.
(877) 662-7540
Source:
Sackmanrealty
Added: Apr 24
Changed: Jul 31
Last Checked: Aug 5 at 4:46AM
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 KeyVest LLC
Investment Insights
Based on property information with market context.
This 8,000+ SF multi-tenant industrial flex building in Manasquan includes warehouse, warehouse/office, and office accommodations. The configuration features a 4,100 SF warehouse with ~20' ceilings, a 2,300 SF warehouse/office with 300 SF of office space and 15-16' ceilings, a 750 SF first-floor office, and an 850 SF second-floor office that is currently vacant. The building was constructed in 1912, with the roof and HVAC approximately 5 years old. Gas heat serves the building, and the office units have air conditioning.
The property is zoned B-3 and has short-term leases. Tenants pay utilities, taxes, and snow removal, and the property has no condo fees. It is not located in a flood zone, subject to buyer confirmation. The property is located at 9 Mount Lane 1 in Manasquan, New Jersey.
The property is zoned B-3 and has short-term leases. Tenants pay utilities, taxes, and snow removal, and the property has no condo fees. It is not located in a flood zone, subject to buyer confirmation. The property is located at 9 Mount Lane 1 in Manasquan, New Jersey.
Key Highlights
- 8,000+ SF multi‑tenant industrial flex building
- 4,100 SF warehouse with ~20' ceilings
- 2,300 SF warehouse/office with 300 SF office and 15‑16' ceilings
Financial Insights For Industrial
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 | $121.6k | $14.40 |
| − Vacancy | −$6.0k | −$0.71 |
| EGI | $115.6k | $13.69 |
| − OpEx | −$34.7k | −$4.11 |
| NOI | $80.9k | $9.59 |
8,441 SF · lease $14.40/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.98M
$1.73M – $2.31M
NOI $138,458 @ 7.0% cap · market cap 13.85%
Second Best
Office B
$1.84M
$1.61M – $2.15M
NOI $129,147 @ 7.0% cap · market cap 12.91%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,288 @ 7.0% cap · market cap 15.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08736, NJ
12,566
Population
6,155
Households
2
Avg Household Size
49
Median Age
70%
College-Educated
99%
High-School Grad
4.7 sq mi
ZIP Area
2,674
Density / Sq Mi
$170,042
Median Household Income
$72,924
Median Earnings
$1,838
Median Rent
$849,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- ENJOY EVENTS — Manasquan, NJ 08736
Frequently Asked Questions
What type of property is this?
Flex space - Multi-tenant configuration combines warehouse and office space with gas heat and air conditioning in office units.
Where is this flex space located?
The property is located at 9 Mount Lane 1 Manasquan, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 8,000+ SF multi‑tenant industrial flex building; 4,100 SF warehouse with ~20' ceilings; 2,300 SF warehouse/office with 300 SF office and 15‑16' ceilings
