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Property profile & analytics
OFF-MARKET Estimated value $4,560,000
Commercial real estate

500 Craig Rd Manalapan, NJ 07726-8748

3.45 ac lot Built 1991
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-0288549
Property summary
AI-generated overview

This exceptional Class A medical office building, located at 500 Craig Road in Manalapan Township, New Jersey, offers a variety of suite sizes ideal for medical practices. The property boasts a total of 49,000 square feet situated on a 3-acre lot in Monmouth County (zip code 07726). Multiple tenancy options are available, with a minimum divisible space of 4,100 square feet and a maximum contiguous space of 4,100 square feet. Currently, 15,161 square feet is vacant. The available spaces include beautifully built-out professional office space featuring numerous window-lined offices (20+), two conference rooms, a reception area, in-suite bathrooms, and kitchenettes. Upper-level spaces range from approximately 2,500 to 5,100 square feet, while lower-level units range from 1,800 to 5,000 square feet. This prime location provides easy access for patients and staff. The building's modern design and amenities create a professional and welcoming environment. This is a rare opportunity to secure high-quality medical office space in a desirable location. Contact us today to learn more about leasing options and availability.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1991
Lot 3.45 ac (150,282 SF)
Zoning code 10PR
APN 28 02503-0000-00026- 01
UPID US59-0288549
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
$4.58M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.56M
Owner & transaction history
500 Craig LLC · 3 yrs held
500 Craig LLC
since 2022
Last sale
$4.5M
1 recorded transaction
2022
$4.5M
Zoning & alternative use
10PR · Manalapan, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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