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    75 Lacey Rd Whiting, NJ 08759
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    Property profile & analytics

    75 Lacey Rd Whiting, NJ 08759

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    • Commercial real estate
    • 10,048 SF
    • 3.40 lot acres
    For Lease
    $970,000
    View Listing →
    Whiting, NJ Office Space For Lease
    $970,000
    2,463 SF

    Whiting, NJ Office Space

    Well-maintained office space with high visibility and ample parking.

    75 Lacey Road, Whiting, NJ 08759
    View Listing
    Property ID
    US59-1156929
    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.
    Value Estimations
    $970,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 75 Lacey Rd

    Year built
    1982
    Construction
    CONCRETE BLOCKS
    Lot size
    3.40 lot acres
    Property size
    10,048 SF
    Zone code
    WTOP
    Property type
    Commercial real estate
    APN
    19 00097-0000-00007
    APU
    1900097000000007

    Description

    This exceptional 21,870-square-foot property presents a unique investment opportunity. Currently configured as a multi-tenant retail space, it boasts an ideal setup for an ATM drive-thru, with excellent visibility and convenient ingress/egress. The site's prominent road frontage ensures high traffic exposure, maximizing potential customer interaction. The ample parking, accommodating 58 vehicles, provides convenient access for customers and staff. The property's versatile nature allows for various uses within the retail, land, or special purpose categories, making it an attractive option for a range of businesses. Its current configuration as a multi-tenant space offers flexibility for expansion or adaptation to suit specific needs. The location offers a significant advantage for businesses seeking high visibility and easy accessibility. The property's size and features make it an excellent choice for an ATM drive-thru, capitalizing on its strategic location and high traffic volume. This is a rare opportunity to acquire a well-positioned property with significant potential for growth and return on investment. Further details regarding the property's zoning and potential uses are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,020,000
      ML approach
      $1,000,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $926,000
      Market price range: $487k - $1.98M

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

    Location Insight

    • Map
    • Local Demand
    City
    Whiting
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.3663
    Latitude
    39.9493
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $35,542
    $680,000
    $924,600
    $1,604,600
    -
    $680,000
    $924,600
    $1,604,600

    Comparable in this City

    • Value Estimation
      $2,180,000
      16,705 SF

      63 Lacey Rd

      COMMERCIAL (GENERAL) • 16,705 SF
      63 Lacey Rd, Whiting, NJ 08759-2966
      View Details
    • Value Estimation
      $2,530,000
      12,705 SF

      421 Lacey Rd

      COMMERCIAL (GENERAL) • 12,705 SF
      421 Lacey Rd, Whiting, NJ 08759-1328
      View Details
    • Value Estimation
      $545,000
      3,166 SF

      450 Lacey Rd

      COMMERCIAL (GENERAL) • 3,166 SF
      450 Lacey Rd, Whiting, NJ 08759-1305
      View Details
    • Value Estimation
      $1,340,000
      7,984 SF

      Hawks Way

      COMMERCIAL (GENERAL) • 7,984 SF
      Hawks Way, Manchester Township, NJ 08759
      View Details
    • Value Estimation by Request
      2,808 SF

      60 Lacey Rd

      COMMERCIAL (GENERAL) • 2,808 SF
      60 Lacey Rd, Whiting, NJ 08759-2921
      View Details
    • Value Estimation
      $1,080,000
      8,070 SF

      115 Lacey Rd

      COMMERCIAL (GENERAL) • 8,070 SF
      115 Lacey Rd, Whiting, NJ 08759-1315
      View Details

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      Professional Office Space For Rent

      Well-maintained office space suitable for professional use.
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      View Details
    View Listing
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    Whiting, NJ 08759
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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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