Three-Level Office
For Sale
$1,195,000
122 Lien Street, Toms River, NJ 08753
Commercial Sale, Toms River, NJ
Property Size5,428 SF
Lot Size0.87 Acres
Price / SF$178.15
Days on Market84
Property Features for 122 Lien Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Professional
Rooms
Basement
Parking
27
Fencing
Fenced
Basement
Dirt Floor, Partial
Lot features
Irregular Lot
Directions
GSP
Subdivision
Village Of T.R.
Standard status
Active
APN
08-00658-0000-00010
Size
6,708 SF
Lot size
0.87 Acres
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Central Air, Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
(732) 797-9001
Listed By:
Melissa Lotano · License #0791348
(732) 797-9001
Added: Jun 10
Changed: Aug 19
Last Checked: Sep 1 at 2:06PM
MLS# 22617400
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.
Investment Insights
Based on property information with market context.
This three-level office and professional building sits on approximately 0.87 acres and is currently owner occupied, with delivery planned vacant. The property includes vinyl flooring, baseboard heating, central air, window units, a shingle roof, and a basement. On-site parking accommodates approximately 27 vehicles, while the fenced site provides additional outdoor security and separation.
The property is located at 122 Lien Street in Toms River, just off Main Street and near municipal buildings, shops, restaurants, and major highways. VB (Village Business) zoning supports professional, medical, retail, or mixed-use applications as stated in the property information. Public water and public sewer serve the site.
The property is located at 122 Lien Street in Toms River, just off Main Street and near municipal buildings, shops, restaurants, and major highways. VB (Village Business) zoning supports professional, medical, retail, or mixed-use applications as stated in the property information. Public water and public sewer serve the site.
Key Highlights
- Approximately 0.87‑acre office property at 122 Lien Street, Toms River, NJ 08753
- Three‑level office/professional building with approximately 27 on‑site parking spaces
- VB (Village Business) zoning supports professional, medical, retail, or mixed‑use applications
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,632
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,052,640
$2.1M
Cap Rate 7%
$1,466,171
$1.5M
Cap Rate 9%
$1,140,356
$1.1M
Market Conditions
NOI Build-Up for 6,708 SF
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.
Gross rent
$201.2K $30.00/SF
− Vacancy
−$64.4K −$9.60/SF
EGI
$136.8K $20.40/SF
− OpEx
−$34.2K −$5.10/SF
NOI
$102.6K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,052,640
Cap Rate 7%
$1,466,171
Cap Rate 9%
$1,140,356
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,632 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,612 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,659
Businesses Nearby
Explore this area
Business Placement
Demographics for 08753, NJ
64,369
Population
27,900
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
2,799
Density / Sq Mi
$101,648
Median Household Income
$54,291
Median Earnings
$1,742
Median Rent
$377,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Vacant-on-delivery office property with VB zoning, public utilities, and a fenced commercial site near Downtown Toms River.
Where is this office building located?
The property is located at 122 Lien Street Toms River, NJ.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Approximately 0.87‑acre office property at 122 Lien Street, Toms River, NJ 08753; Three‑level office/professional building with approximately 27 on‑site parking spaces; VB (Village Business) zoning supports professional, medical, retail, or mixed‑use applications
