Multi-Tenant Industrial Flex
For Sale
Contact for pricing
9 Mt Ln, Manasquan, NJ 08736
8,000+ SF multi-tenant industrial flex building for sale.
Property Size8,441 SF
Price / SF$118.47
Days on Market170
Property Features for 9 Mt Ln
General Information
Standard status
Active
Size
8,441 SF
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
B-3
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
1912
Units
4
Tenancy
Multi
Listing Agency:
KeyVest Real Estate Services
Listed By:
Thomas Santoro · License #0016588
Source:
Crexi
Added: Mar 5
Changed: Aug 21
Last Checked: Aug 21 at 11:19AM
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 Real Estate Services
Investment Insights
Based on property information with market context.
An 8,441 square foot multi-tenant industrial flex building is available for purchase. This property is suitable for mixed-use, flex space, industrial, office, and retail purposes.
Key Highlights
- 8,000+ SF multi‑tenant industrial flex building
- Industrial flex building
- Multi‑tenant building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,916
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,618,320
$1.6M
Cap Rate 7%
$1,155,943
$1.2M
Cap Rate 9%
$899,067
$899.1K
Market Conditions
NOI Build-Up for 8,441 SF
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.
Gross rent
$121.6K $14.40/SF
− Vacancy
−$6.0K −$0.71/SF
EGI
$115.6K $13.69/SF
− OpEx
−$34.7K −$4.11/SF
NOI
$80.9K $9.59/SF
Area
Monmouth County, NJ
Vacancy
4.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,618,320
Cap Rate 7%
$1,155,943
Cap Rate 9%
$899,067
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
934
Businesses Nearby
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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Frequently Asked Questions
What type of property is this?
Mixed-use property - 8,000+ SF multi-tenant industrial flex building for sale.
Where is this mixed-use property located?
The property is located at 9 Mt Ln 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; Industrial flex building; Multi‑tenant building
