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    Renovated Office Space For Rent Title is generated by Realmo AI

    915 Lacey Road #3, Forked River, NJ 08731

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    For Lease
    $1,450 /Mo

    Recently renovated office space with private offices and executive suite.

    Type:Commercial
    Lot size:
    0.37 Acres
    Added:
    Dec 10, 2025
    Days on Market:
    158
    Last Refresh:
    Apr 5 at 11:28 pm

    Property Features for 915 Lacey Road #3

    General Information

    Standard status
    Active
    Lot size
    0.37 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1980

    We can help!

    Listing Contact
    ALAN SEELAND

    Listing agent ALAN SEELAND License #9591828

    Listing office RE/MAX AT BARNEGAT BAY

    Listing date Dec 10, 2025

    Source Corcoran

    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 RE/MAX AT BARNEGAT BAY

    HighLights

    • No CAM charges
    • Recently renovated with open center area
    • Separate executive office with floor to ceiling windows
    • Two private offices
    • Located on busy Lacey Road
    • Close to parkway north/south interchanges

    Overview

    This recently renovated office space features an open center area and two private offices. It includes a separate executive office with floor-to-ceiling windows, situated at the center of the building and adjacent to the main space. The property is located on Lacey Road, near the parkway north/south interchanges. There are no CAM charges.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Department Store HVAC Service Bar & Pub Electrical Service Furniture & Home Goods

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Forked River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2817
    Latitude
    39.8591

    Nearby Similar for Lease

    • $1,450/Mo

      Renovated Office Space, Lacey Road

      Recently renovated office space on Lacey Road available for rent.
      915 Lacey Road, Forked River, NJ 08731
      View Details
    • $17 SF/Yr
      1,020 SF

      Office Space on Lacey Road

      1020 sq ft office space with high visibility.
      540 Lacey Road #2D, Forked River, NJ 08731
      View Details
    • $25 SF/Yr
      4,000 SF

      Retail Space in Forked River

      Retail space available for lease in Forked River, NJ.
      44 Manchester Avenue, Forked River, NJ
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    • $15 SF/Yr
      140 SF

      Professional Office Space Available

      Sublease opportunity: shared office space ideal for professionals.
      34 Manchester Avenue, Forked River, NJ 08731
      View Details

    FAQs

    What type of property is this?
    Office units - Recently renovated office space with private offices and executive suite.
    Where is this office units located?
    The property is located at 915 Lacey Road #3 Forked River, NJ.
    What is the lease rate?
    The lease rate is $1,450 /Mo.
    What are key features of this property?
    This property features: No CAM charges; Recently renovated with open center area; **Separate executive office with floor to ceiling windows**
    (732) 473-1700
    We can help!
    Listing Contact
    ALAN SEELAND
    Real Estate License ID: 9591828
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    915 Lacey Road #3, Forked River, NJ 08731
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