Downtown Toms River Office
12 Robbins Parkway Toms River, NJ 08753
12 Robbins Parkway, Toms River, NJ, 08753
$849,900
For Sale
$849,900
Three-story office building in downtown Toms River for sale.
Property Size3,640 SF
Price / SF$233.49
Days on Market53
Property Features for 12 Robbins Parkway
General Information
- Standard status
- Active
- Size
- 3,640 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2007
Listing Agency
DAUNNO REALTY SERVICES
(732) 396-3995
Listed by
RUDOLPH DAUNNO
Source
Corcoran
Added: May 26 Checked: Jul 17 at 5:48 am
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.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $109.2k | $30.00 |
| − Vacancy | −$34.9k | −$9.60 |
| EGI | $74.3k | $20.40 |
| − OpEx | −$18.6k | −$5.10 |
| NOI | $55.7k | $15.30 |
3,640 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Law Office Of Oliff ...
Law Firm
Crest Engineering Associates ...
Landscape Architect
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FAQs
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.
