Add Listing
    For Lease
    • 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

    1358 Hooper Ave Toms River, NJ 08753

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Available retail space in a strong neighborhood shopping center.

    Property size:
    2,146 SF
    Lot size:
    14.60 Acres

    Property Features for 1358 Hooper Ave

    General Information

    Size
    2,146 SF
    Lot size
    14.60 Acres

    We can help!

    Listing Contact
    Shane Hart
    Shane Hart
    Source: Moodyscre

    Listing Agent: Shane Hart

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Space in Neighborhood Center

    This 2,146 square foot retail space is available for rent in a well-established neighborhood center. The location benefits from a strong area population, with 98,504 residents within a 10-minute drive. Area tenants include Burlington, Home Sense, Lowes, Petco, Petsmart, and Target. The property features a newly signalized intersection with cross access to a Target-anchored center. This is the last remaining space in the center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CW Electrical Services, ... Electrical Service The UPS Store Courier Service New Jersey American ... Plumbing Service Markenstein Law, LLC Law Firm DataNet Information Services Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Sunglass Hut, A Dollar 06, Boho Beach, Beylea Plaza, Ocean County Mall

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.1765737
    Latitude
    39.9897662

    Nearby Similar for Lease

    • New
      $2,400 /Mo

      Toms River Commercial Space

      First floor office space suitable for various businesses.
      2494 Moore Rd, Toms River, NJ 08753
      View Details
    • New
      $4,500 /Mo
      18,295 SF

      Prime Retail Space in Maple Shade

      Versatile retail building in central Maple Shade with ample parking.
      2 3Rd St, Maple Shade, NJ 08052
      View Details
    • New
      Contact for pricing
      4,000 SF

      Medical Office Condo For Lease

      Turnkey medical office condo in Toms River's 'Medical Lane'.
      1314 Hooper Ave, Toms River, NJ 08753
      View Details
    • $4,900 /Mo
      2,450 SF

      Medical Space Near Community Hospital

      2,450 SF medical space next to Community Medical Center.
      7 Hospital Dr, Toms River, NJ 08755
      View Details
    • $2,500 /Mo
      1,174 SF

      Toms River Commercial Space

      Versatile commercial space ideal for office or professional use.
      918 Charles Dr, Toms River, NJ 08753
      View Details
    • New
      Contact for pricing
      16,553 SF

      Downtown Toms River Office Space

      Professional office space in the heart of downtown Toms River.
      34 Main St, Toms River, NJ 08753
      View Details
    • New
      $1,700 /Mo
      289,674 SF

      Toms River Office Space

      First floor office space with utilities included in Toms River.
      511 Dover Rd Unit 1, Toms River, NJ 08757
      View Details
    • New
      Contact for pricing
      37,800 SF

      Toms River Flex Space

      Flex space with drive-in access, small office, 16-foot ceilings.
      200 Corporate Cir, Toms River, NJ 08755
      View Details
    • New
      Contact for pricing
      871 SF

      Toms River Office Condo For Lease

      Spacious office condo with Toms River views, for lease.
      10 Allen St, Toms River, NJ 08753
      View Details
    • Contact for pricing
      2,714 SF

      Toms River Office Building

      2,714 SF office building for lease in Toms River.
      17 E Route 37 E, Toms River, NJ 08753
      View Details
    • Contact for pricing
      5,740 SF

      Route 37 East Office Building

      Two-story, 5,740 SF office building on Route 37 East.
      25 Route 37 E, Toms River, NJ 08753
      View Details
    • Contact for pricing

      Medical Office in Fieldcrest Mall

      Medical office space available for rent near RWJ Barnabas Hospital.
      9 Hospital Dr, Toms River, NJ 08755
      View Details

    FAQs

    What type of property is this?
    Shopping center - Available retail space in a strong neighborhood shopping center.
    Where is this shopping center located?
    The property is located at 1358 Hooper Ave Toms River, NJ.
    What are key features of this property?
    This property features: - Last Space Remaining in Strong Neighborhood Center; - Strong Area Population: **98,504 People Within 10-Minute Drive**; - Newly Signalized Intersection With Cross Access to Target Anchored Center
    (484) 319-0744 Call to check price and availability
    Request Owner's contact information
    1358 Hooper 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.
    1358 Hooper 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
    1358 Hooper 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shane Hart
    Shane Hart
    (484) 319-0744 (610) 825-5222 (215) 282-0151
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!