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Property profile & analytics
FOR LEASE
Commercial real estate

505 N Main St Stafford Township, NJ 08050

4,470 SF 1.08 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US59-0437979
505 N Main St, Stafford Township, NJ 08050 For Lease
Contact for pricing 4,950 SF available
505 N Main St, Stafford Township, NJ 08050
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Property summary
AI-generated overview

505 N Main Street, Manahawkin, NJ presents a remarkable opportunity for a single-tenant retail user. This brand-new, 4,950-square-foot building, completed in 2024, boasts a prime location along the Route 9 corridor in Ocean County. Its strategic placement directly across from a Wawa ensures high visibility and convenient access for customers. The property benefits from exceptional demographics, situated near Southern Regional School District (enrolling 2,850 students) and the Marine Academy of Technology and Environmental Science (with 274 students). This strong student population, coupled with the proximity to major national retailers such as Costco, Target, Walmart, Aldi, and Dick's Sporting Goods, creates a robust and attractive market for businesses. The versatile space is suitable for a variety of uses, including retail, office, medical, or restaurant establishments. This new construction offers a chance to establish a presence in a thriving commercial area with significant foot traffic and strong consumer spending potential. The building's modern design and convenient location make it an ideal choice for businesses seeking to capitalize on the area's growth and established retail environment. This is a rare opportunity to secure a high-profile space in a highly desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 4,470 SF
Lot 1.08 ac (47,000 SF)
Zoning code RB
APN 31 00296-0000-00106
UPID US59-0437979
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
$690k
CAP Approach CAP
$795k
Comparable Approach Comparable
$676k
Blend (final) Blend
$675k
Owner & transaction history
505 North Main Street LLC · 2 yrs held
505 North Main Street LLC
since 2023
Last sale
$670,000
2 recorded transactions
2023
$670,000
2001
$334,170
Zoning & alternative use
RB · Manahawkin, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $1.1M +11.4%
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