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    Property profile & analytics
    OFF-MARKET Estimated value $1,250,000
    Commercial real estate

    429 Lacey Rd, Forked River, NJ 08731-2448

    1.01 ac lot Built 1988
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US59-0265497
    Property summary
    AI-generated overview

    This exceptional Lacey Township, NJ medical office space offers 2,268 square feet of immediately available Class A space within a larger 7,850 square foot building at 429 Lacey Rd, 08731. The property, built in 1988 and renovated in 2000, features three buildings across two stories, providing a modern and well-maintained environment. The suite is part of a multi-tenant building with a total of 7,850 square feet and offers flexible space options, with a minimum divisible space of 1,053 square feet and a maximum contiguous space of 2,268 square feet. The property boasts 54 parking spaces for ample client and staff convenience. Located on a high-traffic section of Lacey Rd, this location benefits from significant walk-in traffic and visibility, ensuring strong potential for client acquisition. The property sits on one acre of land and is categorized as Retail, Office, and Restaurant, making it suitable for a variety of medical practices. Annual property taxes are $2.86 per square foot. While elevators are not available, the two-story building offers convenient access. This is an excellent opportunity to establish or expand a medical practice in a thriving commercial area.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1988
    Construction FRAME
    Lot 1.01 ac (44,000 SF)
    Zoning code OC
    APN 13 01447-0000-00028- 02
    UPID US59-0265497
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.25M
    Owner & transaction history
    Forked River Mall LLC · 18 yrs held
    Forked River Mall LLC
    since 2007
    Last sale
    $1.3M
    3 recorded transactions
    2007
    1999
    $157,000
    1969
    Zoning & alternative use
    OC · Forked River, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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