Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    24 Nautilus Dr Ste, Unit 5 Manahawkin, NJ 08050-2490
    Back to Search
    Property profile & analytics

    24 Nautilus Dr Ste, Unit 5, Manahawkin, NJ 08050-2490

    View on Map
    • Office Spaces
    • 864 SF
    • 1.24 lot acres
    Off-Market
    Property ID
    US59-1760452
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 24 Nautilus Dr Ste

    Construction
    FRAME
    Lot size
    1.24 lot acres
    Zone code
    NMC
    Property type
    Office Spaces
    APN
    31 00044- 01-00001-0000-C0005
    APU
    310004401000010000C0005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 4, 2019 $260,000 Nautilus Ptshp LLC Tenir LLC Grant Deed —
    Sep 12, 2018 $500,000 Tenir LLC Bartiss,mark J Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Manahawkin
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2845
    Latitude
    39.7195
    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
    2023
    $4,306
    $48,000
    $127,100
    $175,100
    -
    $48,000
    $127,100
    $175,100

    Comparable in this City

    • Value Estimation by Request
      800 SF

      853 Ml Crk Rd Ste, Unit 8

      CONDOMINIUM OFFICES
      853 Ml Crk Rd Ste, Manahawkin, NJ 08050-4562
      View Details
    • Value Estimation by Request
      864 SF

      24 Nautilus Dr Ste, Unit 3

      CONDOMINIUM OFFICES
      24 Nautilus Dr Ste, Manahawkin, NJ 08050-2490
      View Details
    • Value Estimation by Request
      851 SF

      588 Bay Ave, Unit 1

      CONDOMINIUM OFFICES
      588 Bay Ave, Manahawkin, NJ 08050-3392
      View Details
    • Value Estimation by Request
      997 SF

      102 Bay Ave, Unit 4

      CONDOMINIUM OFFICES
      102 Bay Ave, Manahawkin, NJ 08050-3175
      View Details
    • Value Estimation by Request
      1,008 SF

      102 Bay Ave, Unit 9

      CONDOMINIUM OFFICES
      102 Bay Ave, Manahawkin, NJ 08050-3175
      View Details
    • Value Estimation by Request
      1,368 SF

      1145 Beacon Ave, Unit 3

      CONDOMINIUM OFFICES
      1145 Beacon Ave, Manahawkin, NJ 08050-2471
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.02 Acres

      Manahawkin Office Space - Route 72

      Prime Office Space, Flexible Lease Options
      325 Route 72, Manahawkin, NJ 08050
      View Details
    • $995,000
      2,332 SF

      Manahawkin Office Building w/ Heliport

      Versatile Commercial Space, Ample Storage, Prime Location
      641 Beach Ave, Manahawkin, NJ 08050
      View Details
    • $1,800,000
      10,398 SF

      Manahawkin Office Building For Sale

      10,000+ SF office building near Long Beach Island.
      675 Route 72 E, Manahawkin, NJ 08050
      View Details
    • $1,800,000
      Pending

      Office Building with Multiple Suites

      A visible office property with four flexible units and ample on-site parking for professional or medical uses.
      675 Route 72 E, Manahawkin, NJ 08050
      View Details
    • $1,295,000
      5,400 SF

      Prime Stafford Retail Space

      5,400 SF Mixed-Use Retail Building
      10 Park Ave, Stafford Township, NJ 08050
      View Details
    • $375,000

      Manahawkin Mixed-Use Investment Opportunity

      Mixed-use property in Manahawkin, zoned MU, suitable for investors.
      63 E Bay Ave, Manahawkin, NJ 08050
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      New Retail and Office Space

      New construction retail, office, medical, or restaurant space for lease.
      505 N Main St, Stafford Township, NJ 08050
      View Details
    • Contact for pricing
      1,510 SF

      Manahawkin Office Space Available

      Second-floor office space with private entrance for rent.
      325 Route 72, Manahawkin, NJ 08050
      View Details
    • Contact for pricing

      Newly Renovated Office Space Available

      Prime location office space, Route 72, Manahawkin, move-in ready.
      675 Route 72, Manahawkin, NJ 08050
      View Details
    • Contact for pricing

      Second Floor Office Space Available

      Office space with private offices, kitchen, and bath available.
      5-325 Route 72 E, Manahawkin, NJ 08050
      View Details
    • $25 SF/Yr
      17,920 SF

      Manahawkin Office Space Available

      Second floor office space for lease in Manahawkin.
      1322 Route 72, Manahawkin, NJ 08050
      View Details
    • Contact for pricing

      Stafford Office Space For Rent

      Second floor office space with large windows and good parking.
      1322 Nj-72, Stafford Township, NJ 08050
      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.
    24 Nautilus Dr Ste, Unit 5
    Manahawkin, NJ 08050-2490
    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
    24 Nautilus Dr Ste, Manahawkin, NJ, 08050
    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!