Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    780 W Route 37, Unit 230 Toms River, NJ 08755

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    Medical/Professional office condominium in Class A building near RWJ/St Barnabas.

    Property size:
    2,809 SF
    Lot size:
    4.20 Acres

    Property Features for 780 W Route 37

    General Information

    Standard status
    Active
    Size
    2,809 SF
    Lot size
    4.20 Acres

    Building Details

    Year built
    2008

    We can help!

    Listing Contact
    Mark Kotzas
    Source: Exitrealty

    Listing Agency: Crossroads Realty Inc-WH Listing Agent: Mark Kotzas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical/Professional Office Condominium For Sale

    Available for sale is a medical or professional office condominium offering approximately 2,809 square feet of space. The unit is located in a Class A building and includes approximately 692 square feet of basement storage. Situated approximately 3/4 of a mile from RWJ/St Barnabas and Garden State Parkway Exit 82, the property benefits from a full drive-up cover at the front entrance and signage opportunities. The surrounding area includes 13,000 homes for residents aged 55 and over, located within a 1-mile radius. The property is located in the RHB Zone, which permits general and medical offices. The space is currently raw and can be finished to the owner's specifications.
    Location Intelligence

    Current Use by Public Records

    Rachlin and Rachlin Financial Advisor Lindsey Brothers Electrician ... Electrical Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Vet Supporter, PriorityVet - Pet Urgent Care of Toms River , NJ

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.234429
    Latitude
    39.971196

    Nearby Similar for Sale

    • $650,000
      4,206 SF

      Downtown Toms River Commercial Building

      Prime commercial building in the heart of downtown Toms River.
      43 Main St, Toms River, NJ 08753
      View Details
    • $630,000

      Waterfront Commercial Property in Toms River

      Unique waterfront commercial property with office and medical space.
      751 Fischer Blvd, Toms River, NJ 08753
      View Details
    • New
      $799,000
      2,160 SF

      Prime Highway Corner Commercial Property

      Commercial property with highway frontage near beach attractions in Toms River.
      2 Garfield Ave, Toms River, NJ 08753
      View Details
    • $2,350,000
      9,954 SF

      Route 37 East Investment Opportunity

      Three office buildings with approvals for a new 12,000 SF building.
      25 Route 37 E, Toms River, NJ 08753
      View Details
    • $699,000

      Renovated Corner Office Building

      Renovated office building in Toms River with high visibility.
      569 Lakehurst Rd, Toms River, NJ 08755
      View Details
    • $825,000
      3,974 SF

      Toms River Office Building For Sale

      Two-story office building in Village Office Zone, ideal for visibility.
      615 Main St, Toms River, NJ 08753
      View Details
    • $150,000
      44,204 SF

      Turnkey Pizza Shop For Sale

      Fully operational pizza shop with equipment, furniture, fixtures, and inventory.
      1922 Hooper Ave, Toms River, NJ 08753
      View Details
    • $1,012,500
      0.02 Acres

      Toms River Office Condo For Sale

      Spacious office condo with Toms River views for sale.
      10 Allen St, Toms River, NJ 08753
      View Details
    • $1,599,000
      4,032 SF

      Berkeley Commercial Property on 1.43 Acres

      Versatile commercial property in Berkeley Township with flexible space.
      219 Route 9, Berkeley, NJ 08721
      View Details
    • $159,900
      Pending

      Established Ice Cream Parlor For Sale

      Turnkey ice cream parlor in a well-known shopping mall.
      931 Fischer Blvd, Toms River, NJ 08753
      View Details
    • $4,175,000
      20,000 SF

      Downtown Toms River Landmark Building

      Landmark building in the heart of Downtown Toms River.
      44 Washington St, Toms River, NJ 08753
      View Details
    • New
      $599,000
      Pending

      Spacious Multifamily Property in Toms River

      Flexible Toms River property: single-family or legal 2-family setup.
      547 Brookside Dr, Toms River, NJ 08753
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical/Professional office condominium in Class A building near RWJ/St Barnabas.
    Where is this medical office space located?
    The property is located at 780 W Route 37, Unit 230 Toms River, NJ.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Prime location: Just 3/4 mile from RWJ/St Barnabas and GSP Exit 82; - High-density market: 13,000 Age 55+ homes within 1 mile; - Customizable space: Raw space allowing for personalized build-out
    (732) 244-4900
    Request Owner's contact information
    780 W Route 37, Unit 230 Toms River, NJ 08755
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    780 W Route 37, Unit 230
    Toms River, NJ 08755
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    780 W Route 37, Unit 230 Toms River, NJ 08755
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Mark Kotzas
    Real Estate License ID: 7933305
    (732) 244-4900 (770) 632-4000 (770) 652-1844
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!