Three-Level Office Building with
For Sale
$1,195,000
122 Lien Street, Toms River, NJ 08753
Three-level office/professional building on a VB-zoned lot with on-site parking, delivered vacant for owner-user or redevelopment.
Property Size5,428 SF
Lot Size0.87 Acres
Price / SF$178.15
Days on Market165
Property Features for 122 Lien Street
General Information
Standard status
Active
Size
5,428 SF
Total Parking Spaces
27
Lot size
0.87 Acres
Property subtype
Commercial
Zoning
VB
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1900
Buildings
1
Stories
3
Building Size
5,428 SF
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
Keller Williams Shore Properties
Listed By:
Melissa Lotano
(833) 740-1234
Source:
Actionplusrealty
Added: Mar 21
Changed: Aug 31
Last Checked: Aug 31 at 8:25PM
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 Keller Williams Shore Properties
Investment Insights
Based on property information with market context.
Three-level office/professional building on a lot zoned VB (Village Business). The property is currently owner occupied and will be delivered vacant, giving an incoming owner-user immediate flexibility to adapt the space for professional, medical, retail, or mixed-use applications. Built in 1900, the building sits on approximately 0.87 acres and includes approximately 27 on-site parking spaces.
The site is centrally located just off Main Street, with convenient access to municipal buildings, shops, restaurants, and major highways. Its combination of downtown accessibility, substantial on-site parking, and VB zoning supports a range of operating plans.
The generous lot also offers room for future expansion or redevelopment, depending on how an owner wants to approach long-term use.
The site is centrally located just off Main Street, with convenient access to municipal buildings, shops, restaurants, and major highways. Its combination of downtown accessibility, substantial on-site parking, and VB zoning supports a range of operating plans.
The generous lot also offers room for future expansion or redevelopment, depending on how an owner wants to approach long-term use.
Key Highlights
- VB (Village Business) zoning supports professional, medical, retail, or mixed‑use use
- Approximately 27 on‑site parking spaces
- Three‑level office/professional building, currently owner occupied and delivered vacant
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
$102,632
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
8.59%
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%
$2,052,640
$2.1M
Cap Rate 7%
$1,466,171
$1.5M
Cap Rate 9%
$1,140,356
$1.1M
Market Conditions
NOI Build-Up for 6,708 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
$201.2K $30.00/SF
− Vacancy
−$64.4K −$9.60/SF
EGI
$136.8K $20.40/SF
− OpEx
−$34.2K −$5.10/SF
NOI
$102.6K $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%
$2,052,640
Cap Rate 7%
$1,466,171
Cap Rate 9%
$1,140,356
Alternative Uses
Best Use
Office B
$1.47M
$1.28M – $1.71M
NOI $102,632 @ 7.0% cap · market cap 8.59%
Second Best
Healthcare Medical
$1.43M
$1.25M – $1.66M
NOI $99,879 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,612 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,659
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Three-level office/professional building on a VB-zoned lot with on-site parking, delivered vacant for owner-user or redevelopment.
Where is this office building located?
The property is located at 122 Lien Street Toms River, NJ.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: VB (Village Business) zoning supports professional, medical, retail, or mixed‑use use; Approximately 27 on‑site parking spaces; Three‑level office/professional building, currently owner occupied and delivered vacant
