Three-Story Office
For Sale
$849,900
Pending
12 Robbins Parkway, Toms River, NJ 08753
A renovated professional property is fully leased and positioned at a signalized downtown corner.
Property Size3,640 SF
Days on Market160
Property Features for 12 Robbins Parkway
General Information
Standard status
Pending
Size
3,640 SF
Property subtype
Office
Zoning
Village Seaport zone
Occupancy
100%
Additional Details
Condition
Newly Renovated
Tenant in Place
Yes
Property Use
Professional Office
Building Details
Year Built
2007
Buildings
1
Stories
3
Building Size
3,640 SF
Abandoned
No
Listing Agency:
Daunno Realty Services
Listed By:
Rudolph Daunno · License #0677573
(732) 396-3995
Source:
Defelicerealtygroup
Added: May 26
Changed: Oct 31
Last Checked: Oct 31 at 3:32AM
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
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Investment Insights
Based on property information with market context.
This 3,640-square-foot office building contains three stories and was built in 2007. Recent renovations updated the interiors, and the property is fully leased. Its professional office configuration is suited to business use.
At 12 Robbins Parkway in downtown Toms River, the building occupies a signalized corner. Municipal parking is adjacent, while the Ocean County Courthouse and municipal offices are within walking distance. Restaurants and other amenities are also nearby.
At 12 Robbins Parkway in downtown Toms River, the building occupies a signalized corner. Municipal parking is adjacent, while the Ocean County Courthouse and municipal offices are within walking distance. Restaurants and other amenities are also nearby.
Key Highlights
- 3,640‑square‑foot, three‑story office building
- Built in 2007
- Recently renovated interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,692
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A renovated professional property is fully leased and positioned at a signalized downtown corner.
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: 3,640‑square‑foot, three‑story office building; Built in 2007; Recently renovated interiors
