Toms River Office
1163 NJ 37, Toms River, NJ 08755
- Added:
- Mar 25, 2026
- Days on Market:
- 58
- Last Refresh:
- May 21 at 8:06 pm
Property Features for 1163 NJ 37
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Rooms
- Basement
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 08-000506-02-00026-04-C01D
- Size
- 1,352 SF
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1988
- Floors in Building
- 1
Listing agent Elizabeth M Sheridan (732) 244-8093
Listing office Coldwell Banker Riviera Realty 1 Fort De France Ave., Surf City, NJ (732) 244-8093
Listing date Mar 25, 2026
MLS# 22607947
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location close to RW Barnabas outpatient building and Community Medical Center.
- Functional layout includes entry foyer, waiting room, administrative office, kitchenette, three exam rooms with sinks, two restrooms, and office with private entrance.
- One‑story end unit office condo.
- Ample parking available on both the front and side of the building.
- Sale includes exam tables in two of the offices.
- Central air and forced air heating.
Overview
Available is a one-story end unit office condo featuring an entry foyer, waiting room, administrative office with storage, and a kitchenette. The layout includes three exam rooms with sinks, two restrooms, and an office with a private entrance. Ample parking is available on both the front and side of the building. The sale includes exam tables in two of the offices. The property is located close to the new RW Barnabas outpatient building and is just over a mile from Community Medical Center in Toms River, New Jersey.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$229.8K
NOI $20,686 @ 9.00% cap · cautious / downside scenario
Moderate
$295.5K
NOI $20,686 @ 7.00% cap · market / base-case scenario
Aggressive
$413.7K
NOI $20,686 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.6k | $30.00 |
| − Vacancy | −$13.0k | −$9.60 |
| EGI | $27.6k | $20.40 |
| − OpEx | −$6.9k | −$5.10 |
| NOI | $20.7k | $15.30 |
1,352 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$295.5K
$258.6K – $344.8K
NOI $20,686 @ 7.0% cap · market cap 7.52%
Second Best
Healthcare Medical
$287.6K
$251.6K – $335.5K
NOI $20,131 @ 7.0% cap · market cap 7.32%
Theoretical Best
Office A
$353.0K
$308.9K – $411.9K
NOI $24,712 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Map
- City
- Toms River
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.248947
- Latitude
- 39.97755
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - One-story end unit office condo in Toms River, NJ.
Where is this medical office space located?
The property is located at 1163 NJ 37 Toms River, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Prime location close to RW Barnabas outpatient building and Community Medical Center.; Functional layout includes entry foyer, waiting room, administrative office, kitchenette, three exam rooms with sinks, two restrooms, and office with private entrance.; One‑story end unit office condo.
