Professional Office with Two
929 Lacey Road Forked River, NJ 08731
929 Lacey Road, Forked River, NJ, 08731
$549,000
For Sale
$549,000
Well-appointed upper floor office space with a separate lower level office and ample on-site parking.
Property Size2,144 SF
Price / SF$256.06
Days on Market31
Property Features for 929 Lacey Road
General Information
- Standard status
- Active
- Size
- 2,144 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1965
Listing agency
RE/MAX at Barnegat Bay
Listed by
Alan Seeland
(833) 740-1234
Source
Actionplusrealty
Added: Jun 22 Updated: Jul 22 at 12:25PM Checked: Jul 22 at 12:25PM
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
Investment Insights
Based on property information with market context.
This well-appointed office property includes an upper floor professional office space and a separate lower level office that can be rented independently or used by a single occupant. The property is currently occupied as a professional financial services office.
The building is located about 3/10 of a mile from Garden State Parkway access on busy Lacey Road. An entrance from a side street supports convenient access, and the property provides ample on-site parking with a highly visible signage location.
The configuration offers two distinct office levels, which can support a variety of occupancy approaches while maintaining straightforward day-to-day access for staff and visitors.
The building is located about 3/10 of a mile from Garden State Parkway access on busy Lacey Road. An entrance from a side street supports convenient access, and the property provides ample on-site parking with a highly visible signage location.
The configuration offers two distinct office levels, which can support a variety of occupancy approaches while maintaining straightforward day-to-day access for staff and visitors.
Key Highlights
- Year built: 1965
- Well‑appointed upper floor professional office space
- Separate lower level office can be rented or used by a single occupant
Local Financial Insights For Office B
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 | $64.3k | $30.00 |
| − Vacancy | −$20.6k | −$9.60 |
| EGI | $43.7k | $20.40 |
| − OpEx | −$10.9k | −$5.10 |
| NOI | $32.8k | $15.30 |
2,144 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$468.6K
$410.0K – $546.7K
NOI $32,803 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.8K
$489.9K – $653.2K
NOI $39,189 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Well-appointed upper floor office space with a separate lower level office and ample on-site parking.
Where is this office units located?
The property is located at 929 Lacey Road Forked River, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Year built: 1965; Well‑appointed upper floor professional office space; Separate lower level office can be rented or used by a single occupant
