9 Mount Lane #1, Manasquan, NJ 08736

Building Details

Year Built 1912 More

Listing Agency: KEYVEST LLC Show Phone

Listed By: THOMAS M SANTORO JR. · License #0016588 Show Phone

Source: Corcoran

Added: Mar 6 Changed: Aug 14 Last Checked: Aug 25 at 5:16AM

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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

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This multi-tenant industrial flex building offers warehouse functionality, income in place, and strong upside. The property features a 4,100 SF warehouse with approximately 20' ceilings, currently rented for $2,350. Additionally, there is a 2,300 SF warehouse/office space that includes 300 SF of office area and 15-16' ceilings, rented for $1,600. The building also contains a 750 SF first-floor office rented for $675, and an 850 SF second-floor office which is currently vacant but previously rented for $625. The roof and HVAC systems are approximately 5 years old. The building utilizes gas heat throughout, with AC in the office units. Tenants are responsible for utilities, taxes, and snow removal. The property is zoned B-3, features short-term leases and below-market rents, offering value-add potential. The property is not located in a flood zone (buyer to confirm).

Key Highlights

• 8,000+ SF multi‑tenant industrial flex building in a desirable commercial corridor.
• Income in place with strong upside potential due to below‑market rents and short‑term leases.
• 4,100 SF warehouse with ~20' ceilings and a 2,300 SF warehouse/office space.**

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$80,916

Cap Rate

8.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,618,320 $1.6M

Cap Rate 7%

$1,155,943 $1.2M

Cap Rate 9%

$899,067 $899.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,441 SF

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 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 (±1% cap)

NOI $138,458 @ 7.0% cap · market cap 13.85%

Second Best

Industrial

$1.16M

$1.01M – $1.35M (±1% cap)

NOI $80,916 @ 7.0% cap · market cap 8.09%

Theoretical Best

Office A

$2.20M

$1.93M – $2.57M (±1% cap)

NOI $154,288 @ 7.0% cap · market cap 15.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Locksmith Pharmacy (Bike/Boat/Book/etc) Store Veterinary Clinic Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Average Price Trend$/SF for Flex space in Monmouth County, NJ

$308 Jul

$306 Aug

$345 Sep

$314 Oct

Properties on Market for Flex space in Monmouth County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - 8,000+ SF multi-tenant industrial flex building with income potential.

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 in a desirable commercial corridor.; Income in place with strong upside potential due to below‑market rents and short‑term leases.; 4,100 SF warehouse with ~20' ceilings and a 2,300 SF warehouse/office space.**