Waterfront Medical
For Sale
$610,000
751 Fischer Boulevard, Toms River, NJ 08753
Commercial Sale, Toms River, NJ
Property Size2,000 SF
Lot Size0.22 Acres
Price / SF$305
Days on Market64
Property Features for 751 Fischer Boulevard
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Professional, Commercial
Parking
15
Parking features
Open, Parking Lot
Lot features
Lagoon, Highway Frontage, Sidewalks
Directions
Off Bay Ave.
Standard status
Active
APN
08-00724-27-00003
Size
2,000 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8793
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Water front features
Lagoon
Amenities
water views
two-zone utilities
watercraft docking
Building Details
Year built
1980
Floors in Building
2
Flooring type
Tile
Roof type
Asphalt
Listing Agency:
Corcoran Sawyer Smith
(201) 420-7393
Listed By:
Jerry Gustoso · License #0676792
(201) 396-8447
Added: Jul 7
Changed: Sep 6
Last Checked: Sep 8 at 5:06PM
MLS# 22620637
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 2,000-square-foot medical office property occupies a 0.22-acre commercial parcel and was built in 1980. The first floor provides reception and lobby areas, multiple private offices, and several rooms with cabinetry and sinks. Separate entrances serve the first floor, waterfront side, and second level, supporting flexible occupancy or distinct business areas. The upper floor adds a reception area, waiting room or office, kitchenette, full bathroom, laundry area, storage, open workspace, and a private office.
Water views extend from nearly every room, while the site includes approximately 15 parking spaces and a newly paved double lot. The property fronts Fischer Boulevard in Toms River, with access to Route 37 and Hooper Avenue. Additional features include lagoon waterfront, the ability to dock a watercraft behind the property, commercial-grade siding, two-zone utilities, public water, public sewer, central air, forced-air heat, tile flooring, and an asphalt roof.
Water views extend from nearly every room, while the site includes approximately 15 parking spaces and a newly paved double lot. The property fronts Fischer Boulevard in Toms River, with access to Route 37 and Hooper Avenue. Additional features include lagoon waterfront, the ability to dock a watercraft behind the property, commercial-grade siding, two-zone utilities, public water, public sewer, central air, forced-air heat, tile flooring, and an asphalt roof.
Key Highlights
- 2,000 SF medical office property on a 0.22‑acre parcel
- Approximately 15 parking spaces on a newly paved double lot
- First floor includes reception, lobby, private offices, and rooms with cabinetry and sinks
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
$30,600
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
5.02%
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%
$612,000
$612.0K
Cap Rate 7%
$437,143
$437.1K
Cap Rate 9%
$340,000
$340.0K
Market Conditions
NOI Build-Up for 2,000 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
$60.0K $30.00/SF
− Vacancy
−$19.2K −$9.60/SF
EGI
$40.8K $20.40/SF
− OpEx
−$10.2K −$5.10/SF
NOI
$30.6K $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%
$612,000
Cap Rate 7%
$437,143
Cap Rate 9%
$340,000
Alternative Uses
Best Use
Office B
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 5.02%
Second Best
Healthcare Medical
$425.4K
$372.2K – $496.3K
NOI $29,779 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Balanced
Demand for This Use
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.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-level commercial layout with private offices, reception areas, and several rooms fitted with cabinetry and sinks.
Where is this medical office space located?
The property is located at 751 Fischer Boulevard Toms River, NJ.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 2,000 SF medical office property on a 0.22‑acre parcel; Approximately 15 parking spaces on a newly paved double lot; First floor includes reception, lobby, private offices, and rooms with cabinetry and sinks
