Downtown Toms River Office
For Sale
$849,900
12 Robbins Parkway, Toms River, NJ 08753
COMMERCIAL - Toms River, NJ
Property Size3,640 SF
Lot Size0.20 Acres
Price / SF$233.49
Days on Market95
Property Features for 12 Robbins Parkway
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Office, Professional, Commercial
Rooms
Basement
Parking
10
Parking features
Parking Lot
Interior features
Handicapped
Exterior features
Lighting
Accessibility
Accessible Approach with Ramp
Lot features
Level, Curbing, Fin Road, Corner Lot
Directions
Corner Robbins Parkway and Water Street
Subdivision
Village Of T.R.
Standard status
Active
APN
08-00669-0000-00047
Size
3,640 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12642
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2007
Floors in Building
3
Roof type
Shingle
Listing Agency:
Daunno Realty Services
(732) 396-3995
Listed By:
Rudolph Daunno · License #0677573
(732) 396-3995
Added: May 26
Changed: Aug 4
Last Checked: Aug 28 at 9:06PM
MLS# 22615534
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 is a 3,640 square foot, three-story professional office building located in downtown Toms River, New Jersey. The property is fully leased and has been recently renovated with modernized interiors. It is located at a signalized corner in the Village Seaport zone of Historic Downtown Toms River, offering 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. The building is suitable for tenants such as attorneys, accountants, and other professional service providers. The property is situated on a 0.2-acre lot.
Key Highlights
- Fully leased, 3,640 SF, three‑story professional office building providing a turnkey investment opportunity.
- Prime location in the highly desirable Village Seaport zone of Historic Downtown Toms River, offering excellent visibility and traffic exposure.
- Recently renovated with modernized interiors, appealing to professional tenants.
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
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
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 - Fully leased, renovated office building in thriving downtown Toms River.
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, 3,640 SF, three‑story professional office building providing a turnkey investment opportunity.; Prime location in the highly desirable Village Seaport zone of Historic Downtown Toms River, offering excellent visibility and traffic exposure.; Recently renovated with modernized interiors, appealing to professional tenants.
