Professional Office
For Sale
$499,900
929 Lacey Road, Forked River, NJ 08731
Commercial Sale, Forked River, NJ
Property Size2,144 SF
Lot Size0.22 Acres
Price / SF$233.16
Days on Market93
Property Features for 929 Lacey Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Open
Directions
Parkway to Lacey Rd
Subdivision
Forked River
Standard status
Active
APN
13-01568-0000-00001
Size
2,144 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10636
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1965
Floors in Building
2
Listing Agency:
RE/MAX at Barnegat Bay
(732) 473-1700
Listed By:
Alan Seeland · License #9591828
(732) 801-3024
Added: Jul 6
Changed: Sep 29
Last Checked: Oct 6 at 9:06PM
MLS# 22620524
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2144-square-foot professional office property offers an upper-floor workspace along with a separate lower-level office area that may be rented independently or used by one occupant. The building is currently occupied by a professional financial services office and includes open on-site parking.
Located on Lacey Road, the property is 3/10th of a mile from Garden State Parkway access and has an additional entrance from a side street. The 0.22-acre site was built in 1965 and is served by public water and public sewer. Building systems include forced-air heating and central air conditioning.
Located on Lacey Road, the property is 3/10th of a mile from Garden State Parkway access and has an additional entrance from a side street. The 0.22-acre site was built in 1965 and is served by public water and public sewer. Building systems include forced-air heating and central air conditioning.
Key Highlights
- 2144‑square‑foot professional office property
- Separate lower‑level office area can be rented or used by one occupant
- 3/10th of a mile from Garden State Parkway access
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.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Upper-floor offices include a separate lower-level area suitable for rental or single-occupant use.
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 $499,900.
What are key features of this property?
This property features: 2144‑square‑foot professional office property; Separate lower‑level office area can be rented or used by one occupant; 3/10th of a mile from Garden State Parkway access
