Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    823 Oak Ave Toms River, NJ 08753

    Sponsored
    For Sale
    $360,000

    LAND - Toms River, NJ

    Days on Market:
    5
    Last Refresh:
    Jan 25 at 10:06 am

    Property Features for 823 Oak Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    080041400000002002

    We can help!

    Listing Contact
    Steven Bendel

    HomeSmart First Advantage Rlty (856) 363-3000

    Listing agent Steven Bendel (732) 352-1000

    Listing date Jan 21, 2026

    MLS# 22427722

    Copyright © 2026 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Unrestricted Land in Toms River

    This oversized lot, measuring 100 feet wide and 400 feet deep, offers flat, dry, and unrestricted land suitable for various development projects. The property is part of a three-lot subdivision, presenting opportunities for friends, siblings, or developers. Located less than a 10-minute drive from North Ocean County and Toms River, including Pine Lake Park and Holly Oaks Manchester, and a 15-minute drive to most of Jackson and Howell. The zoning allows for private non-profit schools to be built without needing a variance, as confirmed by a local engineer. Assisted living facilities, hotels, and various community facilities are also possible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.173509
    Latitude
    39.976351

    Nearby Similar for Sale

    • $849,999
      2,160 SF

      Prime Highway Corner Commercial Property

      Commercial property with highway frontage near beach attractions in Toms River.
      2 Garfield Ave, Toms River, NJ 08753
      View Details
    • $775,000
      1.00 Acre

      One-Acre Property with Two Homes

      One-acre property in Silverton with two renovated, leased homes.
      215 Kettle Creek Rd, Toms River, NJ 08753
      View Details
    • $630,000

      Waterfront Commercial Property in Toms River

      Unique waterfront commercial property with office and medical space.
      751 Fischer Blvd, Toms River, NJ 08753
      View Details
    • $599,000
      2,819 SF

      Spacious Multifamily Property in Toms River

      Flexible Toms River property: single-family or legal 2-family setup.
      547 Brookside Dr, Toms River, NJ 08753
      View Details
    • $5,000,000
      3,224 SF

      Toms River Commercial Property

      7-acre commercial property with office, warehouse, apartments, and truck parking.
      83 Riverwood Dr, Toms River, NJ 08755
      View Details
    • $1,195,000
      1,392 SF

      Retail Property in Toms River

      Retail property for sale in Toms River, New Jersey.
      122 Lien St, Toms River, NJ 08753
      View Details
    • $399,000
      Pending

      Highway Business & Residential Property

      Updated Toms River property zoned for business and residential use.
      506 Lloyd Rd, Toms River, NJ 08753
      View Details
    • $349,000

      Renovated Single-Family Home, Toms River

      Move-in ready, renovated single-family home in Toms River, NJ.
      18 Bolingbroke Dr, Toms River, NJ 08757
      View Details
    • $299,000

      Toms River Single Family Home

      Move-in ready single family home in Toms River, New Jersey.
      1074 Edgebrook Dr, Toms River, NJ 08757
      View Details
    • $159,900
      Pending

      Established Ice Cream Parlor For Sale

      Turnkey ice cream parlor in a well-known shopping mall.
      931 Fischer Blvd, Toms River, NJ 08753
      View Details
    • $825,000
      3,974 SF

      Toms River Office Building For Sale

      Two-story office building in Village Office Zone, ideal for visibility.
      615 Main St, Toms River, NJ 08753
      View Details
    • $415,000
      0.42 Acres

      Maple Shade Commercial Building For Sale

      Two-story commercial building on a busy road with 15 parking spaces.
      447 Route 38 W, Maple Shade, NJ 08052
      View Details

    FAQs

    What type of property is this?
    Land - Oversized, flat, and dry land suitable for various development projects.
    Where is this land located?
    The property is located at 823 Oak Ave Toms River, NJ.
    What is the asking price?
    The asking price for this property is $360,000.
    What are key features of this property?
    This property features: - Oversized 100' x 400' unrestricted lot that is flat and dry.; - Zoning allows for private non-profit schools without needing a variance.; - Part of a 3-lot subdivision, ideal for friends, siblings, or developers.
    (732) 352-1000
    Request Owner's contact information
    823 Oak Ave Toms River, NJ 08753
    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.
    823 Oak Ave
    Toms River, NJ 08753
    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
    823 Oak Ave Toms River, NJ 08753
    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

    We can help!
    Listing Contact
    Steven Bendel
    Real Estate License ID: 1326056
    (732) 352-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.