Office Building on OP-3-Zoned
New
For Sale
$1,150,000
98 Craig Road, Manalapan, NJ 07726
Commercial Sale, Manalapan, NJ
Property Size3,700 SF
Lot Size1.52 Acres
Price / SF$310.81
Days on Market3
Property Features for 98 Craig Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Professional, Commercial
Rooms
Basement
Parking features
Parking Lot
Interior features
Handicapped
Exterior features
Lighting
Basement
Walk-Out Access
Accessibility
Accessible Approach with Ramp
Lot features
Level, Cleared
Directions
GPS Route 9 to Craig Rd
Subdivision
Manalapan
Standard status
Active
APN
28-02503-0000-00021-0008
Size
3,700 SF
Lot size
1.52 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13499
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1972
Floors in Building
2
Building materials
Block, Stucco
Roof type
Shingle
Listing Agency:
Serhant New Jersey LLC
(973) 315-5959
Listed By:
Janice Rizzo · License #1324783
(732) 845-3200
Added: Oct 15
Changed: Oct 16
Last Checked: Oct 17 at 3:06AM
MLS# 22632863
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.
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Investment Insights
Based on property information with market context.
This 1.52-acre property in Manalapan includes a 3,700-square-foot office building constructed in 1972. The building has block and stucco construction, a basement, central air conditioning, forced-air heat, and a shingle roof. Accessibility features include a ramped approach, and the property has lot parking. Water is supplied by a well, with septic service.
The site is zoned OP-3, Office Professional, and the property information identifies Route 9 access. The existing office building and the site's zoning are the principal features of this offering.
The site is zoned OP-3, Office Professional, and the property information identifies Route 9 access. The existing office building and the site's zoning are the principal features of this offering.
Key Highlights
- 1.52‑acre property in Manalapan
- 3,700‑square‑foot office building, built in 1972
- OP‑3 Office Professional zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,610
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,132,200
$1.1M
Cap Rate 7%
$808,714
$808.7K
Cap Rate 9%
$629,000
$629.0K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$111.0K $30.00/SF
− Vacancy
−$35.5K −$9.60/SF
EGI
$75.5K $20.40/SF
− OpEx
−$18.9K −$5.10/SF
NOI
$56.6K $15.30/SF
Area
Monmouth 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%
$1,132,200
Cap Rate 7%
$808,714
Cap Rate 9%
$629,000
Alternative Uses
Best Use
Office B
$808.7K
$707.6K – $943.5K
NOI $56,610 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$966.1K
$845.4K – $1.13M
NOI $67,630 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
Demographics for 07726, NJ
44,945
Population
16,822
Households
2.7
Avg Household Size
45
Median Age
55%
College-Educated
97%
High-School Grad
33.1 sq mi
ZIP Area
1,358
Density / Sq Mi
$145,625
Median Household Income
$75,503
Median Earnings
$1,973
Median Rent
$603,000
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
Frequently Asked Questions
What type of property is this?
Office building - The property includes a 1972 office building with central air, forced-air heat, and on-site lot parking.
Where is this office building located?
The property is located at 98 Craig Road Manalapan, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 1.52‑acre property in Manalapan; 3,700‑square‑foot office building, built in 1972; OP‑3 Office Professional zoning
