Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    209 Ctr St Lakehurst, NJ 08733-3004
    Property profile & analytics

    209 Ctr St, Lakehurst, NJ 08733-3004

    View on Map
    • Commercial real estate
    • 3,610 SF
    • 0.14 lot acres
    Off-Market
    Last Sale Dec 2, 2025
    $900,000
    Property ID
    US59-1700474
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    5.2%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • GTS Telephones Inc / Telecommunications Service

    Property Details for 209 Ctr St

    Lot size
    0.14 lot acres
    Zone code
    B-2
    Property type
    Commercial real estate
    APN
    14 00067-0000-00002
    APU
    1400067000000002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 2, 2025 $900,000 Talis Global Flowers INC 209 Center St LLC Deed $450k · Manasquan Bank
    Aug 3, 2022 — 209 Center St LLC — Deed · related $500k · First Commerce Bank
    Jan 10, 2022 $750,000 209 Center St LLC Philip K Greene Deed —
    Nov 13, 2014 — Phillip K Greene Gts Telephone INC Grant Deed · related —
    May 18, 1998 $100,000 Williams,thomas S & Angela Weiner,sidney Trustees Deed —
    May 18, 1998 — Weiner,sidney Imperial Manor Homes INC Trustees Deed · related —
    — — Thomas S Williams — Deed Of Trust · related $650k · Commerce Bank Shore NA

    Description

    This exceptional 5,500-square-foot warehouse, located at 209 Center Street, Lakehurst, NJ 08733 (cross streets: Pine Street), presents a significant opportunity for businesses seeking efficient and spacious industrial space. Situated in Ocean County's thriving Ocean County submarket, this single-tenant property is zoned B-2 (Business zone) and boasts a convenient location. The warehouse features a large bay door, ideal for efficient loading and unloading of deliveries. The interior offers ample space, further enhanced by existing shelving units, providing immediate storage solutions. The property's total building square footage is 5,500 square feet. The property's parcel number (APN) is 14-00067-0000-00002. This is a fantastic opportunity to establish or expand your business in a prime location. The property is available for lease. Inquire today to learn more about this exceptional warehouse space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $805,000
      ML approach
      $765,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $695,000
      6.5%
      $640,000
      7%
      $595,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $779,000
      Market price range: $180k - $898k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $970,000
      Current use
      OFFICE BUILDING
      $860,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lakehurst
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.3119
    Latitude
    40.0139
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,120
    $115,000
    $604,600
    $719,600
    -
    $115,000
    $604,600
    $719,600

    Comparable in this City

    • Value Estimation by Request

      800 Myrtle St

      COMMERCIAL (GENERAL)
      800 Myrtle St, Lakehurst, NJ 08733-2406
      View Details
    • Value Estimation
      $2,370,000
      11,536 SF

      800 Rte 70

      COMMERCIAL (GENERAL)
      800 Rte 70, Lakehurst, NJ 08733-2734
      View Details
    • Value Estimation by Request
      1,675 SF

      19 Un Ave

      COMMERCIAL (GENERAL)
      19 Un Ave, Lakehurst, NJ 08733-3023
      View Details
    • Value Estimation
      $755,000
      6,806 SF

      7 Un Ave

      COMMERCIAL (GENERAL)
      7 Un Ave, Lakehurst, NJ 08733-3017
      View Details
    • Value Estimation by Request
      840 SF

      300 Rte 70

      COMMERCIAL (GENERAL)
      300 Rte 70, Lakehurst, NJ 08733-2920
      View Details
    • Value Estimation
      $675,000
      5,510 SF

      119 Un Ave

      COMMERCIAL (GENERAL)
      119 Un Ave, Lakehurst, NJ 08733-2931
      View Details

    Similar Nearby for Sale

    • $100,000

      Lakehurst Commercial Land Opportunity

      Commercial land in Lakehurst, NJ, with potential for various uses.
      518 Cedar St, Lakehurst, NJ 08733
      View Details
    • Contact for pricing
      Pending

      Highway Commercial Property with Offices

      Commercial building with two offices and potential expansion opportunity.
      550 Route 70, Lakehurst, NJ 08733
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,080 SF

      Downtown Retail/Office Space Available

      Spacious retail/office in Lakehurst's vibrant business district.
      30 Union Ave, Lakehurst, NJ 08733
      View Details
    • Contact for pricing
      2,000 SF

      Lakehurst Medical Office Space Available

      2,000 SF medical office space for lease on Route 70.
      307 Route 70, Lakehurst, NJ 08733
      View Details
    • New
      $2,200 /Mo
      2,080 SF

      Stand-Alone Retail/Office Space

      Stand-alone unit on Union Avenue with retail and office flexibility in downtown Lakehurst.
      30 Union Ave, Lakehurst, NJ 08733
      View Details
    • Contact for pricing
      2,000 SF

      Lakehurst Medical Office Space

      2,000 SF medical office space for lease.
      307 Route 70, Lakehurst, NJ 08733
      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.
    209 Ctr St
    Lakehurst, NJ 08733-3004
    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
    209 Ctr St, Lakehurst, NJ, 08733
    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!