End-Unit Medical Office
For Sale
$265,000
Pending
1163 NJ 37, Toms River, NJ 08755
Commercial Sale, Toms River, NJ
Property Size1,352 SF
Days on Market196
Property Features for 1163 NJ 37
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Professional
Rooms
Basement
Parking features
Parking Lot
Directions
Route 37 West between St Catherine Blvd and Bananier Dr. The office is located on the east side of Route 37 West. The last right before Bananier Dr.
Standard status
Pending
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 Agency:
Coldwell Banker Riviera Realty
Listed By:
Elizabeth M Sheridan
(732) 244-8093
Added: Mar 25
Changed: Sep 9
Last Checked: Oct 6 at 5:06PM
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.
Investment Insights
Based on property information with market context.
This 1,352-square-foot medical office condominium occupies a one-story end unit with a patient-oriented layout. The interior includes an entry foyer, waiting area, administrative office with storage, kitchenette, three exam rooms with sinks, two restrooms, and a separate office entrance. Exam tables in two offices are included. Forced-air heat, central air, public water, and public sewer support the space.
The property is located at 1163 NJ 37 in Toms River, near the RW Barnabas outpatient building and just over one mile from Community Medical Center. Parking is available in lots at the front and side of the building, providing convenient access for patients and staff.
The property is located at 1163 NJ 37 in Toms River, near the RW Barnabas outpatient building and just over one mile from Community Medical Center. Parking is available in lots at the front and side of the building, providing convenient access for patients and staff.
Key Highlights
- 1,352 SF one‑story end‑unit medical office condominium
- Three exam rooms with sinks and exam tables in two offices
- Entry foyer, waiting area, kitchenette, storage, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,686
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$413,720
$413.7K
Cap Rate 7%
$295,514
$295.5K
Cap Rate 9%
$229,844
$229.8K
Market Conditions
NOI Build-Up for 1,352 SF
Gross rent
$40.6K $30.00/SF
− Vacancy
−$13.0K −$9.60/SF
EGI
$27.6K $20.40/SF
− OpEx
−$6.9K −$5.10/SF
NOI
$20.7K $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 Rate 5%
$413,720
Cap Rate 7%
$295,514
Cap Rate 9%
$229,844
Alternative Uses
Best Use
Office B
$295.5K
$258.6K – $344.8K
NOI $20,686 @ 7.0% cap · market cap 7.81%
Second Best
Healthcare Medical
$287.6K
$251.6K – $335.5K
NOI $20,131 @ 7.0% cap · market cap 7.60%
Theoretical Best
Office A
$353.0K
$308.9K – $411.9K
NOI $24,712 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
588
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08755, NJ
28,643
Population
11,318
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
92%
High-School Grad
16.0 sq mi
ZIP Area
1,790
Density / Sq Mi
$81,077
Median Household Income
$54,183
Median Earnings
$1,484
Median Rent
$379,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Vet Supporter — 891-899 NJ-37, Toms River, NJ 08755
Frequently Asked Questions
What type of property is this?
Medical Office Space - One-story clinical office with exam rooms, patient reception, private entry, and on-site parking.
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 $265,000.
What are key features of this property?
This property features: 1,352 SF one‑story end‑unit medical office condominium; Three exam rooms with sinks and exam tables in two offices; Entry foyer, waiting area, kitchenette, storage, and two restrooms
