Multi-Tenant Industrial Flex
For Sale
$1,100,000
9 Mount Lane Unit 1, Manasquan, NJ 08736
Multi-tenant flex building with warehouse and office space plus gas heat and recent roof and HVAC.
Property Size8,441 SF
Price / SF$130.32
Days on Market173
Property Features for 9 Mount Lane Unit 1
General Information
Standard status
Active
Size
8,441 SF
Property subtype
Mixed Use
Zoning
B-3
Additional Details
Business Included
Yes
Clear Height
20 ft
Building Details
Year Built
1912
Tenancy
Multi
Listing Agency:
KeyVest LLC
(877) 662-7540
Listed By:
Thomas Santoro Jr.
(877) 662-7540
Source:
Xome
Added: Feb 7
Changed: Jul 10
Last Checked: Jun 15 at 5:19AM
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 multi-tenant industrial flex building offers a mix of warehouse and office configurations totaling approximately 8,441 SF. The property includes a 4,100 SF warehouse with approximately 20' ceilings, a 2,300 SF warehouse/office space with 300 SF of office and 15–16' ceilings, a 750 SF first-floor office, and an 850 SF second-floor office that is currently vacant. Roof and HVAC are approximately 5 years old. The building is equipped with gas heat throughout, and AC is provided in the office units. Per the current operating structure, tenants pay utilities, taxes, and snow removal.
The property is located at 9 Mount Lane Unit 1 in Manasquan, NJ 08736. The offering is described as being situated in one of Manasquan’s tightly held commercial corridors. No condo fees are noted, and the property is described as not located in a flood zone, with the buyer to confirm.
For buyers seeking an industrial flex asset with multiple rentable spaces, the layout supports both warehouse functionality and office use within the same building. Unit-level availability includes a currently vacant second-floor office, while the remaining spaces are described with rental history provided in the remarks. Zoning is listed as B-3, and short-term leases are referenced in the seller’s description.
The property is located at 9 Mount Lane Unit 1 in Manasquan, NJ 08736. The offering is described as being situated in one of Manasquan’s tightly held commercial corridors. No condo fees are noted, and the property is described as not located in a flood zone, with the buyer to confirm.
For buyers seeking an industrial flex asset with multiple rentable spaces, the layout supports both warehouse functionality and office use within the same building. Unit-level availability includes a currently vacant second-floor office, while the remaining spaces are described with rental history provided in the remarks. Zoning is listed as B-3, and short-term leases are referenced in the seller’s description.
Key Highlights
- 8,000+ SF multi‑tenant industrial flex building with 4,100 SF warehouse (~20' ceilings), plus warehouse/office and office spaces
- Income in place with space rented at $2,350, $1,600, and $675; 850 SF second‑floor office currently vacant (prior rent $625)
- 2,300 SF warehouse/office includes 300 SF office and 15‑16' ceilings; 750 SF first‑floor office space currently rented
Financial Insights For Warehouse
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 | −$17.3k | −$2.05 |
| NOI | $98.3k | $11.64 |
8,441 SF · lease $14.40/SF/yr · vacancy 4.90% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$1.98M
$1.73M – $2.31M
NOI $138,458 @ 7.0% cap · market cap 12.59%
Second Best
Office B
$1.84M
$1.61M – $2.15M
NOI $129,147 @ 7.0% cap · market cap 11.74%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,288 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
Multi-tenant
Tenancy
Turnkey business
Opportunity
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
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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 flex building with warehouse and office space plus gas heat and recent roof and HVAC.
Where is this flex space located?
The property is located at 9 Mount Lane Unit 1 Manasquan, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 8,000+ SF multi‑tenant industrial flex building with 4,100 SF warehouse (~20' ceilings), plus warehouse/office and office spaces; Income in place with space rented at $2,350, $1,600, and $675; 850 SF second‑floor office currently vacant (prior rent $625); 2,300 SF warehouse/office includes 300 SF office and 15‑16' ceilings; 750 SF first‑floor office space currently rented
