Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    88 Schoolhouse Rd Whiting, NJ 08759-3051

    • Office buildings
    • 9,300 SF
    • 1.85 lot acres
    OFF-MARKET
    Value Estimations
    $1,380,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-3030935
    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

    • Office buildings

    Property Details for 88 Schoolhouse Rd

    Year built
    1977
    Lot size
    1.85 lot acres
    Property size
    9,300 SF
    Zone code
    WTB1
    Property type
    Office buildings
    APN
    19 00098-0000-00027
    APU
    1900098000000027

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,542,000
      Market price range: $1.54M - $3.24M
      AI Estimate
      $1,278,000
      Market price range: $1.28M - $3.16M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,210,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Whiting
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.3548
    Latitude
    39.9456
    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
    $665
    $10,000
    $20,000
    $30,000
    -
    $10,000
    $20,000
    $30,000

    Comparable in this City

    • Value Estimation by Request
      960 SF

      65 Lacey Rd Ste C

      OFFICE BUILDING • 960 SF
      65 Lacey Rd Ste C, Whiting, NJ 08759-2985
      View Details
    • Value Estimation
      $740,000
      2,988 SF

      200 Lacey Rd

      OFFICE BUILDING • 2,988 SF
      200 Lacey Rd, Whiting, NJ 08759-1333
      View Details
    • Value Estimation
      $900,000
      4,088 SF

      65 Lacey Rd Ste A

      OFFICE BUILDING • 4,088 SF
      65 Lacey Rd Ste A, Whiting, NJ 08759-2985
      View Details
    • Value Estimation
      $1,215,000
      4,667 SF

      401 Lacey Rd, Unit D

      OFFICE BUILDING • 4,667 SF
      401 Lacey Rd, Whiting, NJ 08759-1386
      View Details
    • Value Estimation
      $895,000
      4,088 SF

      65 Lacey Rd Ste B

      OFFICE BUILDING • 4,088 SF
      65 Lacey Rd Ste B, Whiting, NJ 08759-2985
      View Details
    • Value Estimation by Request
      930 SF

      65 Lacey Rd Ste D

      OFFICE BUILDING • 930 SF
      65 Lacey Rd Ste D, Whiting, NJ 08759-2985
      View Details

    Similar Nearby for Sale

    • $675,000
      6,000 SF

      Medical/Professional Office Space For Sale

      6012 sq ft medical/professional office space in prime location.
      65 Lacey Rd, Whiting, NJ 08759
      View Details
    • $575,999
      957 SF

      Whiting, NJ Commercial Opportunity

      Commercial property in prime location suitable for various professional uses.
      104 Manchester Blvd, Whiting, NJ 08759
      View Details
    • $1,200,000
      4,600 SF

      Versatile Building on 4.63 Acres

      Versatile building in prime location with income and development potential.
      2101 Lk Rd, Manchester, NJ 08759
      View Details
    • $449,900
      26.01 Acres

      Whiting, NJ Land Opportunity

      26+ acre property to build your dream home.
      101 Buckingham Rd, Whiting, NJ 08759
      View Details
    • $155,000

      Whiting Manufactured Home Community

      Two-bedroom, two-bathroom home with community amenities in Whiting, NJ.
      26 Pine Ridge Blvd, Lakehurst, NJ 08759
      View Details
    • $83,000

      Updated Two-Bedroom Adult Co-Op

      Affordable, updated two-bedroom co-op with low HOA fees.
      2C Dove St, Manchester, NJ 08759
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,466 SF

      Manchester Office Space For Lease

      Office space for lease in multi-tenant building.
      2002 Unit, Manchester, NJ 08759
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available in a multi-tenant building.
      2002 Route 70, Manchester, NJ 08759
      View Details
    • Contact for pricing
      10,798 SF

      Whiting, NJ Commercial Space

      Professional/Medical/Commercial office space up to 10,798 SF available.
      56 Schoolhouse Rd, Whiting, NJ 08759
      View Details
    • Contact for pricing
      715 SF

      Whiting, NJ Professional Office Space

      Professional office space for lease in well-maintained building with high visibility.
      75 Lacey Rd Unit, Whiting, NJ 08759
      View Details
    • Contact for pricing
      728 SF

      Professional Office Space For Lease

      Well-maintained 728 SF office space suitable for professional or medical use.
      75 Lacey Rd Unit, Whiting, NJ 08759
      View Details
    • Contact for pricing
      1,276 SF

      Professional Office Suite For Rent

      750 sq ft office suite in high-traffic Manchester Township.
      2048 Unit, Manchester, NJ 08759
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    88 Schoolhouse Rd
    Whiting, NJ 08759-3051
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.