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    320 State Route 33 Manalapan, NJ 07726
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    320 State Route 33 Manalapan, NJ 07726

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    • Grocery and convenience stores
    • 1,360 SF
    • 1.54 lot acres
    For Sale
    $1,200,000
    View Listing →
    Route 33 Commercial Redevelopment Opportunity For Sale
    $1,200,000
    1,360 SF

    Route 33 Commercial Redevelopment Opportunity

    1.5-acre property with 2,900 SF building and redevelopment potential.

    320 State Route 33, Manalapan, NJ 7726
    View Listing
    Property ID
    US59-1266545
    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

    • Grocery and convenience stores

    Property Details for 320 State Route 33

    Year built
    1950
    Lot size
    1.54 lot acres
    Property size
    1,360 SF
    Property type
    Grocery and convenience stores
    APN
    28 07232-0000-00002- 05
    APU
    280723200000000205

    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
    Manalapan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.372
    Latitude
    40.2551
    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
    $5,825
    $110,400
    $240,300
    $350,700
    -
    $110,400
    $240,300
    $350,700

    Comparable in this City

    • Value Estimation
      $575,000
      3.60 Acres

      207th Woodward Rd

      CONVENIENCE STORE • 3.60 Acres
      207th Woodward Rd, Manalapan, NJ 07726-4112
      View Details
    • Value Estimation by Request
      1.00 Acre

      46 Plz 9th 9

      CONVENIENCE STORE • 1.00 Acre
      46 Plz 9th 9, Englishtown, NJ 07726
      View Details
    • Value Estimation
      $6,465,000
      1,230 SF

      270 Monmouth Rd

      CONVENIENCE STORE • 1,230 SF
      270 Monmouth Rd, Manalapan, NJ 07726-8808
      View Details
    • Value Estimation by Request
      0.92 Acres

      391 Us Hwy 9th 9

      CONVENIENCE STORE • 0.92 Acres
      391 Us Hwy 9th 9, Manalapan, NJ 07726-8238
      View Details
    • Value Estimation by Request
      1.00 Acre

      208 Us Hwy 9th 9

      CONVENIENCE STORE • 1.00 Acre
      208 Us Hwy 9th 9, Englishtown, NJ 07726-8236
      View Details
    • Value Estimation by Request
      3,406 SF

      133 Us Hwy 9th 9

      FINANCIAL BUILDING • 3,406 SF
      133 Us Hwy 9th 9, Englishtown, NJ 07726-8268
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,500 SF

      Englishtown Retail Property with Drive-Thru

      Vacant 1,500 SF retail property with existing drive-thru.
      37 Main St, Englishtown, NJ 07726
      View Details
    • $1,200,000
      Pending

      Manalapan Commercial Property on Route 33

      1.5-acre property with redevelopment potential and existing 2,900 SF building.
      320 State Route 33, Manalapan, NJ 07726
      View Details
    • Contact for pricing
      1,360 SF

      Route 33 Commercial Redevelopment Opportunity

      1.5-acre property with 2,900 SF building and redevelopment potential.
      320 State Route 33, Manalapan, NJ 07726
      View Details
    • $99,000

      Hobby Sports Card Storefront

      Storefront unit at Yorktowne Center with open parking.
      300 Gordons Corner Rd, Manalapan, NJ 07726
      View Details
    • $427,000

      Commercial Building with Flexible Layout

      Stand-alone commercial building with flexible layout in prime location.
      29 Wilson Ave, Manalapan, NJ 07726
      View Details
    • $2,525,000
      2,192 SF

      Manalapan Commercial Land - Ready to Build

      6.6-acre lot, fully approved 75,000 SF self-storage facility.
      405 Main St, Manalapan, NJ 07726
      View Details

    Similar Nearby for Lease

    • $3,075 /Mo
      Pending

      Prime Commercial Space For Lease

      Highly visible commercial space suitable for diverse businesses in Englishtown.
      184 Rte 9, Englishtown, NJ 07726
      View Details
    • Contact for pricing
      3,000 SF

      Former Bank with Drive-Thru Lanes

      Former bank with drive-thru, ample parking, and high visibility.
      191 Us Highway 9, Englishtown, NJ 07726
      View Details
    • $3,075 /Mo

      Prime Commercial Space For Lease

      Highly visible commercial space suitable for various businesses.
      184 Rte 9, Englishtown, NJ 07726
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease.
      100 Rte 9, Manalapan, NJ 07726
      View Details
    • Contact for pricing

      Retail Space Near Wegman's

      Retail space available in a high-traffic shopping center.
      55 Us Highway 9, Englishtown, NJ 07726
      View Details
    • Contact for pricing
      1,205 SF

      Englishtown Warehouse with Fleet Parking

      Warehouse space with offices and fleet parking for 14+ vehicles.
      25 Main St, Englishtown, NJ 07726
      View Details
    View Listing
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    320 State Route 33
    Manalapan, NJ 07726
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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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    320 State Route 33, Manalapan, NJ, 07726
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