Downtown Toms River Office
For Sale
$849,900
12 Robbins Parkway, Toms River, NJ 08753
Three-story office building in downtown Toms River for sale.
Property Size3,640 SF
Price / SF$233.49
Days on Market77
Property Features for 12 Robbins Parkway
General Information
Standard status
Active
Size
3,640 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,642
Amenities
Central air
Corner Lot
Central Air Cooling
Curbing
Finished Road
Forced Air Heating
Handicapped
Level
On Site
Paver Block
Shingle Roof
Timberline Roof
Building Details
Year Built
2007
Listing Agency:
DAUNNO REALTY SERVICES
(732) 396-3995
Listed By:
RUDOLPH DAUNNO · License #0677573
Source:
Corcoran
Added: May 26
Changed: Aug 9
Last Checked: Aug 9 at 9:07AM
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 DAUNNO REALTY SERVICES
Investment Insights
Based on property information with market context.
Located in Historic Downtown Toms River, this three-story professional office building offers 3,640 square feet of space. The property is fully leased and well-maintained, presenting a turnkey investment opportunity. Recent renovations have modernized the interiors while maintaining a professional appeal, suitable for tenants such as attorneys, accountants, and other professional service providers. Situated at a signalized corner in the Village Seaport zone, 12 Robbins Parkway benefits from excellent visibility and consistent traffic exposure. The property is adjacent to municipal parking and within walking distance to the Ocean County Courthouse, municipal offices, and a variety of restaurants and amenities. This location is an attractive asset for investors seeking reliable income in a thriving downtown corridor.
Key Highlights
- Fully leased, turnkey investment property with stable income.
- Prime downtown Toms River location in the desirable Village Seaport zone.
- Recently renovated with modernized interiors.
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
$55,692
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
6.55%
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%
$1,113,840
$1.1M
Cap Rate 7%
$795,600
$795.6K
Cap Rate 9%
$618,800
$618.8K
Market Conditions
NOI Build-Up for 3,640 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
$109.2K $30.00/SF
− Vacancy
−$34.9K −$9.60/SF
EGI
$74.3K $20.40/SF
− OpEx
−$18.6K −$5.10/SF
NOI
$55.7K $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 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%
$1,113,840
Cap Rate 7%
$795,600
Cap Rate 9%
$618,800
Alternative Uses
Best Use
Office B
$795.6K
$696.2K – $928.2K
NOI $55,692 @ 7.0% cap · market cap 6.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$950.5K
$831.7K – $1.11M
NOI $66,533 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,567
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building in downtown Toms River for sale.
Where is this office building located?
The property is located at 12 Robbins Parkway Toms River, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Fully leased, turnkey investment property with stable income.; Prime downtown Toms River location in the desirable Village Seaport zone.; Recently renovated with modernized interiors.
