Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2156 Rte 37 Manchester, NJ 08759-5647
    Property profile & analytics

    2156 Rte 37, Manchester, NJ 08759-5647

    View on Map
    • Commercial real estate
    • 5,558 SF
    • 11.71 lot acres
    Off-Market
    Property ID
    US59-3067274
    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
    $1,175,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Manchester Family Golf Center / Golf Course

    Property Details for 2156 Rte 37

    Year built
    1970
    Construction
    FRAME
    Lot size
    11.71 lot acres
    Zone code
    HD3A
    Property type
    Commercial real estate
    APN
    19 00038-0000-00005
    APU
    1900038000000005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 9, 2004 $2,400,000 Karays LLC Gs Realty Corp Grant Deed $1.7M · Amboy National Bank
    Jan 16, 2004 — G S Realty Corp Polhemus,william L Grant Deed · related —
    Sep 24, 1998 $1,500,000 Ridge Creek Golf Complex Corp Kostrey,john Grant Deed $2.1M · Amboy National Bank
    — — Karays LLC — Deed Of Trust · related $1M · Amboy National Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,070,000
      6.5%
      $990,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,093,000
      Market price range: $269k - $1.09M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,495,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,575,000
      Change: +5% Conversion: Moderate
      OFFICE BUILDING
      $1,320,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Manchester
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.284
    Latitude
    40.0008
    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
    $56,053
    $1,873,600
    $657,000
    $2,530,600
    -
    $1,873,600
    $657,000
    $2,530,600

    Comparable in this City

    • Value Estimation
      $2,180,000
      16,705 SF

      63 Lacey Rd

      COMMERCIAL (GENERAL)
      63 Lacey Rd, Whiting, NJ 08759-2966
      View Details
    • Value Estimation
      $2,530,000
      12,705 SF

      421 Lacey Rd

      COMMERCIAL (GENERAL)
      421 Lacey Rd, Whiting, NJ 08759-1328
      View Details
    • Value Estimation
      $545,000
      3,166 SF

      450 Lacey Rd

      COMMERCIAL (GENERAL)
      450 Lacey Rd, Whiting, NJ 08759-1305
      View Details
    • Value Estimation
      $1,340,000
      7,984 SF

      Hawks Way

      COMMERCIAL (GENERAL)
      Hawks Way, Manchester Township, NJ 08759
      View Details
    • Value Estimation by Request
      2,808 SF

      60 Lacey Rd

      COMMERCIAL (GENERAL)
      60 Lacey Rd, Whiting, NJ 08759-2921
      View Details
    • Value Estimation
      $1,080,000
      8,070 SF

      115 Lacey Rd

      COMMERCIAL (GENERAL)
      115 Lacey Rd, Whiting, NJ 08759-1315
      View Details

    Similar Nearby for Sale

    • $179,900
      0.11 Acres

      Manchester, NJ Land For Sale

      50 x 100 lot requiring variance for building permit.
      732 Lawrence Ave, Manchester, NJ 08759
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      3.43 acres of commercial land in a busy retail area.
      91 Lacey Rd, Whiting, NJ 08759
      View Details
    • $369,900
      26.01 Acres

      Whiting, NJ Land Opportunity

      26+ acre land parcel for residential development.
      101 Buckingham Rd, Whiting, NJ 08759
      View Details
    • $199,900
      1,558 SF

      Spacious Ranch Duplex in Whiting

      Spacious ranch duplex with stainless steel appliances and community clubhouse.
      1 Salem Dr, Whiting, NJ 08759
      View Details
    • $459,999
      957 SF

      Whiting Commercial Property For Sale

      Commercial property suitable for medical, attorney, or professional office use.
      102-104 Manchester Blvd, Whiting, NJ 08759
      View Details
    • $249,999
      1.35 Acres

      Whiting Vacant Land Parcel

      1.35 acre vacant land parcel in Whiting, New Jersey.
      151 Adams St, Whiting, NJ 08759
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Restaurant Space in Pine Lake

      Restaurant space for lease with liquor license opportunity.
      1900 Route 37, Manchester Twp, NJ 08759
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      Well-maintained office space suitable for professional use.
      75 Lacey Rd, Whiting, NJ 08759
      View Details
    • Contact for pricing
      1,997 SF

      Retail Space For Lease

      Retail spaces available in a growing area near major routes.
      400 Lacey Rd, Whiting, NJ 08759
      View Details
    • Contact for pricing
      2,463 SF

      Whiting, NJ Office Space

      Well-maintained office space with high visibility and ample parking.
      75 Lacey Rd, Whiting, NJ 08759
      View Details
    • Contact for pricing
      12,568 SF

      Professional Office Space For Rent

      Well-maintained office space suitable for various professional uses.
      75 Lacey Rd, Whiting, NJ 08759
      View Details
    • Contact for pricing
      5,200 SF

      Commercial Land for Lease

      Commercial land available for lease in a growing area.
      420 Lacey Rd, Manchester Township, NJ 08759
      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.
    2156 Rte 37
    Manchester, NJ 08759-5647
    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
    2156 Rte 37, Manchester, NJ, 08759
    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!