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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    491 Manalapan Rd Spotswood, NJ 08884

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-3194713
    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.

    Current Use by Public Records

    • Sunny Cleaners / Dry Cleaner
    • The Art Hut – Spotswood NJ / Art School
    • Step Up Dance Studio / Dance School
    • Bagel Bazaar Deli & Grill / Bagel Shop
    • Burns Road Foods - Halal Pakistani Restaurant / Halal Restaurant / Pakistani Restaurant

    Property Details for 491 Manalapan Rd

    Property type
    Commercial real estate

    Description

    This exceptional 19,188 square foot commercial land parcel presents a remarkable opportunity for retail development in the thriving Spotswood, New Jersey market. Located at 491 Manalapan Road, this single-tenant property boasts unparalleled visibility due to its prominent frontage on Manalapan Road. The property is zoned GC and features a generous lot size of 9.8 acres, providing ample space for a variety of retail uses. With 20 parking spaces available, customer convenience is ensured. The property consists of a single-story building, offering a flexible layout adaptable to various retail concepts. Prospective tenants should confirm permitted uses with the Spotswood Borough. The property's address is 491 Manalapan Road, Spotswood, NJ 08884, and its Assessed Parcel Number (APN) is 2400006000000001. This is a rare opportunity to acquire a high-traffic, well-located retail site in a desirable New Jersey community. The property's size and location make it ideal for a variety of retail businesses seeking a strong presence in a busy commercial area. Don't miss this chance to secure a prime piece of Spotswood real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spotswood
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4097839
    Latitude
    40.3818638

    Comparable in this City

    • $2,200 /Mo

      Main Street Retail/Office Space

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    • $20 SF/Yr
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      Prime Spotswood location, renovated commercial building.
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    • $2,200 /Mo
      1,700 SF

      Main Street Retail/Office Opportunity

      Retail or office space on a busy main street.
      320 Main St, Spotswood, NJ 08884
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    • $1,400 /Mo
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      Main Street Retail/Office Space

      Renovated ground floor space in mixed-use building on Main Street.
      482 Main St, Spotswood, NJ 08884
      View Details
    • Contact for pricing
      960 SF

      Modern Office Space For Rent

      Modern office space available with Bank of America branch on-site.
      296 Summerhill Rd, Spotswood, NJ 08884
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      654,640 SF

      Distribution Facility with 40' Clearance

      654,640 SF distribution facility featuring 40' clear height.
      85 Main St, Spotswood, NJ 08884
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    Similar Nearby for Sale

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      Land For Sale in Spotswood

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      9.80 Acres

      Spotswood Retail Space - High Visibility

      Prime Spotswood location, 9.8 acres, high visibility.
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      13,516 SF

      Spotswood Warehouse with High Ceilings

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      Versatile Warehouse in Spotswood, NJ

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    Similar Nearby for Lease

    • $2,200 /Mo

      Main Street Retail/Office Space

      Retail or office space on a busy main street.
      320 Main St, Spotswood, NJ 08884
      View Details
    • $20 SF/Yr
      1,385 SF

      Downtown Spotswood Commercial Land

      Prime Spotswood location, renovated commercial building.
      454 Main St, Spotswood, NJ 08884
      View Details
    • $2,200 /Mo
      1,700 SF

      Main Street Retail/Office Opportunity

      Retail or office space on a busy main street.
      320 Main St, Spotswood, NJ 08884
      View Details
    • $1,400 /Mo
      Pending

      Main Street Retail/Office Space

      Renovated ground floor space in mixed-use building on Main Street.
      482 Main St, Spotswood, NJ 08884
      View Details
    • Contact for pricing
      960 SF

      Modern Office Space For Rent

      Modern office space available with Bank of America branch on-site.
      296 Summerhill Rd, Spotswood, NJ 08884
      View Details
    • Contact for pricing
      654,640 SF

      Distribution Facility with 40' Clearance

      654,640 SF distribution facility featuring 40' clear height.
      85 Main St, Spotswood, NJ 08884
      View Details
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    491 Manalapan Rd
    Spotswood, NJ 08884
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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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