Mixed-Use Property with Medical
New
For Sale
$1,700,000
1273 Church Rd, Toms River, NJ 08755
Two-story property combining a configured veterinary clinic with a renovated three-bedroom apartment.
Property Size4,860 SF
Price / SF$349.79
Days on Market2
Property Features for 1273 Church Rd
General Information
Standard status
Active
Size
4,860 SF
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Office Units
1
Additional Details
Floor
First Floor
Amenities
private deck
private yard
Building Details
Year Built
1972
Buildings
1
Stories
2
Listing Agency:
Alligator Property Management
(908) 289-5108
Listed By:
Emerson Amador
Source:
Mynewjerseyrealestate
Added: Aug 30
Changed: Aug 31
Last Checked: Aug 31 at 7:12PM
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 Alligator Property Management
Investment Insights
Based on property information with market context.
This two-story mixed-use property contains 4,860 square feet and was built in 1972. The first floor is configured as a veterinary clinic with a reception area, multiple examination rooms, a private bathroom, and a dedicated yard. The second floor includes a three-bedroom, two-bathroom apartment with renovated bathrooms, an updated kitchen, a private deck, and a separate yard.
The property is located at 1273 Church Rd in Toms River, NJ 08755. Its layout brings commercial and residential components together within one building, offering distinct spaces for the clinic and apartment.
The property is located at 1273 Church Rd in Toms River, NJ 08755. Its layout brings commercial and residential components together within one building, offering distinct spaces for the clinic and apartment.
Key Highlights
- 4,860‑square‑foot mixed‑use property at 1273 Church Rd, Toms River, NJ 08755
- First‑floor veterinary clinic with reception, multiple examination rooms, private bathroom, and dedicated yard
- Second‑floor three‑bedroom, two‑bathroom apartment
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
$74,737
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
4.40%
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%
$1,494,740
$1.5M
Cap Rate 7%
$1,067,671
$1.1M
Cap Rate 9%
$830,411
$830.4K
Market Conditions
NOI Build-Up for 4,860 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
$145.8K $30.00/SF
− Vacancy
−$9.9K −$2.04/SF
EGI
$135.9K $27.96/SF
− OpEx
−$61.1K −$12.58/SF
NOI
$74.7K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$1,494,740
Cap Rate 7%
$1,067,671
Cap Rate 9%
$830,411
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$934.2K – $1.25M
NOI $74,737 @ 7.0% cap · market cap 4.40%
Second Best
Office B
$1.06M
$929.5K – $1.24M
NOI $74,358 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,833 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
1
Residential units
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 08755, NJ
28,643
Population
11,318
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
92%
High-School Grad
16.0 sq mi
ZIP Area
1,790
Density / Sq Mi
$81,077
Median Household Income
$54,183
Median Earnings
$1,484
Median Rent
$379,600
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?
Mixed-use property - Two-story property combining a configured veterinary clinic with a renovated three-bedroom apartment.
Where is this mixed-use property located?
The property is located at 1273 Church Rd Toms River, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 4,860‑square‑foot mixed‑use property at 1273 Church Rd, Toms River, NJ 08755; First‑floor veterinary clinic with reception, multiple examination rooms, private bathroom, and dedicated yard; Second‑floor three‑bedroom, two‑bathroom apartment
