Property profile

429 Lacey Rd Forked River, NJ 08731

OFF-MARKET
Commercial real estate
Property ID
US59-0265497
1.01 ac lot Built 1988
Entity Owned 18-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Dental Office
  • Restaurant
  • Dental Office
  • Restaurant

Location

429 Lacey Rd Forked River, NJ 08731-2448
Forked River metro Census 732003 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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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

since 2007
Last sale
$1.3M
3 recorded transactions
2007
Price N/A
1999
$157,000
1969
Price N/A

Zoning & alternative use

OC · Forked River, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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