Professional Office Condo
10 Allen St, Toms River, NJ 08753
Five-unit office condominium portfolio in downtown Toms River.
Type:Office
Property size:
9,440 SFPrice / SF:
$280/SF- Added:
- Mar 20, 2026
- Days on Market:
- 59
- Last Refresh:
- Mar 20 at 8:54 pm
Property Features for 10 Allen St
General Information
- Standard status
- Active
- Size
- 9,440 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing agent Yanay Scheff License #2563663
Listing office Crossraods Realty
Listing date Mar 20, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Crossraods Realty
HighLights
- Rare opportunity to acquire a 5‑unit professional office condominium portfolio.
- Located in the heart of downtown Toms River.
- Totaling 9,440 SF.
- ~80% occupied by a strong mix of professional tenants.
- Stable in‑place income.
- Long‑term upside potential.
Overview
This offering presents an opportunity to acquire a portfolio of five professional office condominium units, totaling 9,440 square feet. Located in downtown Toms River, the Allen Street Professional Center is approximately 80% occupied. The tenant mix includes healthcare services, counseling, and insurance providers. The property offers stable in-place income.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.60M
NOI $144,432 @ 9.00% cap · cautious / downside scenario
Moderate
$2.06M
NOI $144,432 @ 7.00% cap · market / base-case scenario
Aggressive
$2.89M
NOI $144,432 @ 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 | $283.2k | $30.00 |
| − Vacancy | −$90.6k | −$9.60 |
| EGI | $192.6k | $20.40 |
| − OpEx | −$48.1k | −$5.10 |
| NOI | $144.4k | $15.30 |
9,440 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.06M
$1.81M – $2.41M
NOI $144,432 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.16M – $2.88M
NOI $172,548 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Robert P Lamb ...
Law Firm
Jean L Cipriani ...
Law Firm
Gilmore & Monahan, P.A.
Law Firm
Michelle Nirenberg, LPC
Physician
Scot King, LPC
Health Counselor
Location Insight
- Map
- Local Demand
- City
- Toms River
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.195795
- Latitude
- 39.951851
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Five-unit office condominium portfolio in downtown Toms River.
Where is this office units located?
The property is located at 10 Allen St Toms River, NJ.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Rare opportunity to acquire a 5‑unit professional office condominium portfolio.; Located in the heart of downtown Toms River.; Totaling 9,440 SF.
