Well-Appointed Professional Office
For Sale
$499,900
929 Lacey Rd, Forked River, NJ 08731
Upper floor professional office space with a separate lower level office and ample on-site parking.
Property Size2,144 SF
Price / SF$233.16
Days on Market109
Property Features for 929 Lacey Rd
General Information
Standard status
Active
Size
2,144 SF
Building Details
Year Built
1965
Listing Agency:
RE/MAX at Barnegat Bay
Listed By:
Alan Seeland · License #9591828
(732) 801-3024
Source:
Obrienrealtyllc
Added: Jul 8
Changed: Oct 4
Last Checked: Oct 7 at 2:04PM
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
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Investment Insights
Based on property information with market context.
This well-appointed upper floor professional office space is designed for straightforward day-to-day operations. A separate lower level office is available, with the option to be rented separately or utilized 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 Rd, supporting convenient drive-in access. Entrance is from a side street, and the property provides ample on-site parking along with highly visible signage.
With a two-level configuration that includes a separate lower office area, the space can accommodate different occupancy arrangements while keeping the overall professional office layout intact.
The building is located about 3/10 of a mile from Garden State Parkway access on busy Lacey Rd, supporting convenient drive-in access. Entrance is from a side street, and the property provides ample on-site parking along with highly visible signage.
With a two-level configuration that includes a separate lower office area, the space can accommodate different occupancy arrangements while keeping the overall professional office layout intact.
Key Highlights
- Year built 1965
- Upper floor professional office space with a separate lower level office
- Separate lower level office can be rented or used by a single occupant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,803
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,060
$656.1K
Cap Rate 7%
$468,614
$468.6K
Cap Rate 9%
$364,478
$364.5K
Market Conditions
NOI Build-Up for 2,144 SF
Gross rent
$64.3K $30.00/SF
− Vacancy
−$20.6K −$9.60/SF
EGI
$43.7K $20.40/SF
− OpEx
−$10.9K −$5.10/SF
NOI
$32.8K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,060
Cap Rate 7%
$468,614
Cap Rate 9%
$364,478
Alternative Uses
Best Use
Office B
$468.6K
$410.0K – $546.7K
NOI $32,803 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.8K
$489.9K – $653.2K
NOI $39,189 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
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Business Placement
Demographics for 08731, NJ
20,953
Population
9,663
Households
2.2
Avg Household Size
45
Median Age
32%
College-Educated
94%
High-School Grad
78.1 sq mi
ZIP Area
268
Density / Sq Mi
$93,267
Median Household Income
$45,345
Median Earnings
$2,080
Median Rent
$360,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Upper floor professional office space with a separate lower level office and ample on-site parking.
Where is this office unit located?
The property is located at 929 Lacey Rd Forked River, NJ.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Year built 1965; Upper floor professional office space with a separate lower level office; Separate lower level office can be rented or used by a single occupant
