Office Unit with On-Site
New
For Sale
Contact for pricing
1965 lakewood Rd, Toms River, NJ 08755
The first-floor suite has three rooms, a kitchen, a bathroom, and access to basement space.
Property Size1,800 SF
Price / SF$5.27
Days on Market3
Property Features for 1965 lakewood Rd
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
45
Property subtype
Commercial
Site & Location
Traffic Count
17,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
First Floor
Automotive Uses
dealership/vehicle sales
Property Use
Office
Taxes and HOA fees
Annual Taxes
$8,115
Amenities
kitchen
bath
basement
well water
Building Details
Building Size
1,800 SF
Year Built
1919
Buildings
1
Stories
1
Listing Agency:
Crossroads Realty Inc-WH
Listed By:
ROBERT J. COX · License #1536806
(973) 580-8254
Source:
Elliman
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 27 at 4:46AM
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 Crossroads Realty Inc-WH
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Investment Insights
Based on property information with market context.
The office property, built in 1919, includes a first-floor suite of approximately 1,100 square feet with three rooms, a kitchen, and a bathroom. Use of the basement is included. A second-floor area of approximately 700 square feet, with two rooms and another bathroom, may also be made available. Well water is available.
Parking accommodates up to 45 cars. The property is on Route 9 in Toms River, where the 2018 NJDOT count was approximately 17,000 vehicles daily. Hundreds of residential units are planned or under construction in the area.
Parking accommodates up to 45 cars. The property is on Route 9 in Toms River, where the 2018 NJDOT count was approximately 17,000 vehicles daily. Hundreds of residential units are planned or under construction in the area.
Key Highlights
- First floor offers approximately 1,100 SF across three rooms, with a kitchen and bathroom
- Parking for up to 45 cars
- Use of basement space included; well water available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,347
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,940
$246.9K
Cap Rate 7%
$176,386
$176.4K
Cap Rate 9%
$137,189
$137.2K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$18.7K $17.04/SF
− Vacancy
−$1.1K −$1.01/SF
EGI
$17.6K $16.03/SF
− OpEx
−$5.3K −$4.81/SF
NOI
$12.3K $11.22/SF
Area
Ocean County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$246,940
Cap Rate 7%
$176,386
Cap Rate 9%
$137,189
Alternative Uses
Best Use
Office B
$240.4K
$210.4K – $280.5K
NOI $16,830 @ 7.0% cap · market cap 290.17%
Second Best
Retail
$224.3K
$196.3K – $261.7K
NOI $15,701 @ 7.0% cap · market cap 270.71%
Theoretical Best
Office A
$287.2K
$251.3K – $335.1K
NOI $20,106 @ 7.0% cap · market cap 346.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
17,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
347
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
Frequently Asked Questions
What type of property is this?
Office unit - The first-floor suite has three rooms, a kitchen, a bathroom, and access to basement space.
Where is this office unit located?
The property is located at 1965 lakewood Rd Toms River, NJ.
What are key features of this property?
This property features: First floor offers approximately 1,100 SF across three rooms, with a kitchen and bathroom; Parking for up to 45 cars; Use of basement space included; well water available
