Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    102-104 Main St Manville, NJ 08835

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    102-104 Main St Manville, NJ 08835

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 102-104 Main St

    Property type
    Office properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1,650 square foot commercial office space, located at 102-104 South Main Street in Manville, New Jersey (08835), presents a unique opportunity for businesses seeking a prominent location. The single-tenant property features six private suites, two half-bathrooms, a spacious reception area, and a large waiting area with street views. New hardwood floors grace the entrance, and ample parking is available both on-site and on the street. The building boasts built-in security, fire alarm, and sprinkler systems, ensuring a safe and secure environment. A prominent 68" x 20" front sign is available for tenant branding. The property offers convenient access to major highways (287, 78, and the NJ Turnpike), as well as proximity to NJ Transit commuter rail lines in Bound Brook, Somerville, Bridgewater, Raritan, and North Branch. Newark International Airport and Trenton/Mercer Airport are within an hour's drive. The property's central New Jersey location, in the revitalized downtown Manville area, provides easy access to local shops and restaurants. The building features both a front entrance and a rear ramp entrance for accessibility. The layout is adaptable to various business needs, and renovations are welcome. This is an ideal space for businesses looking to establish a presence in a thriving downtown area with excellent transportation links. The property is zoned commercial (APN: 1100113000000001). The building is a single-story structure.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Manville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5876
    Latitude
    40.5423

    Comparable in this City

    • Value Estimation
      $2,610,000
      0.67 Acres

      35 Main St

      OFFICE BUILDING • 0.67 Acres
      35 Main St, Manville, NJ 08835-1801
      View Details
    • Value Estimation by Request
      0.83 Acres

      1310 Brks Blvd

      COMMERCIAL (GENERAL) • 0.83 Acres
      1310 Brks Blvd, Manville, NJ 08835-1569
      View Details
    • Value Estimation by Request
      0.15 Acres

      23-25 So Main St, Unit 25

      COMMERCIAL (GENERAL) • 0.15 Acres
      23-25 So Main St, Manville, NJ 08835-2058
      View Details
    • Value Estimation by Request
      0.45 Acres

      930 Main St

      COMMERCIAL (GENERAL) • 0.45 Acres
      930 Main St, Manville, NJ 08835-2570
      View Details
    • Value Estimation by Request
      0.32 Acres

      26 Main St

      COMMERCIAL (GENERAL) • 0.32 Acres
      26 Main St, Manville, NJ 08835-1865
      View Details
    • Value Estimation
      $540,000
      3,354 SF

      203 Brks Blvd

      COMMERCIAL (GENERAL) • 3,354 SF
      203 Brks Blvd, Manville, NJ 08835-1397
      View Details

    Similar Nearby for Sale

    • $425,000
      2,798 SF

      Manville Commercial Building For Sale

      Commercial building in a busy district area of Manville.
      220 S Main St, Manville, NJ 08835
      View Details
    • $800,000

      Land for Subdivision in Weston

      0.7 acres available for subdivision into four lots.
      946 Kennedy Blvd, Manville, NJ 08835
      View Details
    • $895,000

      Mixed-Use Building in Downtown Manville

      Mixed-use retail and office building with redevelopment potential in downtown.
      23-25 South Main St, Manville, NJ 08835
      View Details
    • Contact for pricing
      7,000 SF

      Manville Office/Retail Space For Sale

      7000 SF office/retail space in downtown Manville, NJ.
      45 S Main St, Manville, NJ 08835
      View Details
    • Contact for pricing
      5,000 SF

      Mixed-Use Building in Downtown Manville

      Mixed-use retail and office building with redevelopment potential.
      23 S Main St, Manville, NJ 08835
      View Details
    • Contact for pricing
      6,110 SF

      Manville Commercial Space For Sale

      High-traffic commercial space in downtown Manville, flexible floor plan.
      281 S Main St, Manville, NJ 08835
      View Details

    Similar Nearby for Lease

    • $1,700 /Mo

      High-Traffic Retail/Office Space Available

      1,500 sq ft retail/office space in downtown Manville.
      279 S Main St, Manville, NJ 08835
      View Details
    • $1,700 /Mo
      4,792 SF

      High-Traffic Commercial Space in Manville

      Flexible retail/office space in downtown Manville with high visibility.
      279 S Main St, Manville, NJ 08835
      View Details
    • $950 /Mo

      Manville Retail/Office Space Available

      Versatile 800 sq ft space in Manville's business district.
      203 S Main St, Manville, NJ 08835
      View Details
    • Contact for pricing
      3,311 SF

      Manville Retail Building - Redevelopment Opportunity

      Prime Manville location, 3,311 sq ft, 24 parking spaces.
      69 Main St, Manville, NJ 08835
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    102-104 Main St
    Manville, NJ 08835
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    102-104 Main St, Manville, NJ, 08835
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!