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    Rte 9 & Lakeside Dr Lacey Township, NJ 08731
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    Rte 9 & Lakeside Dr Lacey Township, NJ 08731

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    • Lifestyle centers
    • 37,300 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 0 Rte 9 & Lakeside Dr

    Property size
    37,300 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Lakeside Plaza, a 37,300 square foot retail shopping center and pad site located in Lacey Township, New Jersey at the highly visible intersection of Route 9 and Lakeside Drive (zip code 08731), offers exceptional leasing opportunities. The entire center, totaling 37,300 square feet, is currently vacant and available for lease. This presents a unique chance for a single tenant to occupy the entire space or for multiple tenants to lease individual units. Flexible space options are available, with a minimum leasable area of 3,000 square feet and a maximum contiguous space of 15,800 square feet. Four spaces are available, allowing for customization to suit various business needs. The property's strategic location in Ocean County, New Jersey, provides excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. This prime retail space offers high traffic counts and strong potential for business growth. Interested parties are encouraged to inquire about leasing options and explore the possibilities of establishing their business in this thriving location. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lacey Township
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.1963
    Latitude
    39.834

    Comparable in this City

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      227,769 SF

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    • Value Estimation
      $670,000
      0.55 Acres

      801 Lacey Rd

      COMMERCIAL (GENERAL) • 0.55 Acres
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      27,600 SF

      5 Fedornak Fwy

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    • Value Estimation by Request
      1,512 SF

      1031 Lacey Rd

      REGIONAL SHOPPING CENTER, MALL • 1,512 SF
      1031 Lacey Rd, Forked River, NJ 08731-1090
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    • Value Estimation by Request
      2.00 Acres

      900 Lacey Rd

      FINANCIAL BUILDING • 2.00 Acres
      900 Lacey Rd, Forked River, NJ 08731-1107
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    • Value Estimation by Request
      1.07 Acres

      136 Main St

      COMMERCIAL (GENERAL) • 1.07 Acres
      136 Main St, Forked River, NJ 08731-3639
      View Details

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    Similar Nearby for Lease

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      1,000 SF

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      Prime Retail Corridor Pad Site

      1.6 AC pad site available for lease or build-to-suit.
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    • $15 SF/Yr
      1,037 SF

      Professional Office Space Available

      Sublease opportunity: shared office space ideal for professionals.
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    • Contact for pricing

      Commercial Land Off Route 9

      Located off Route 9 corridor with high household density.
      232 N Main St, Lacey Township, NJ 08731
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    • $17 SF/Yr
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      Office Space on Lacey Road

      1020 sq ft office space with high visibility.
      540 Lacey Rd, Forked River, NJ 08731
      View Details
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    Lacey Township, NJ 08731
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    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
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