Office Property with On-Site
For Sale
Contact for pricing
1965 Route 9, Toms River, NJ 08755
The ground floor has three rooms, a kitchen, a bathroom, and access to basement space.
Property Size1,800 SF
Price / SF$3.22
Days on Market11
Property Features for 1965 Route 9
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
45
Site & Location
Traffic Count
17,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
First Floor
Property Use
Office
Taxes and HOA fees
Annual Taxes
$8,115
Amenities
kitchen
bath
well water
Building Details
Buildings
1
Stories
2
Listing Agency:
CROSSROADS REALTY, INC.
(732) 244-4900
Listed By:
ROBERT J. COX · License #1536806
(973) 580-8254
Source:
Exprealty
Added: Oct 23
Changed: Nov 1
Last Checked: Nov 1 at 2:57PM
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.
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Investment Insights
Based on property information with market context.
This office property includes approximately 1,100 SF on the first floor, arranged as three rooms with a kitchen and bathroom. Use of the basement is also included. The second floor, approximately 700 SF with two rooms and a bathroom, may be made available separately. Well water is available.
Located on Route 9 in Toms River, the property has parking for up to 45 cars, with additional parking potentially available. The latest cited NJDOT count, from 2018, was approximately 17,000 vehicles per day. Residential units are planned or under construction in the surrounding area.
Located on Route 9 in Toms River, the property has parking for up to 45 cars, with additional parking potentially available. The latest cited NJDOT count, from 2018, was approximately 17,000 vehicles per day. Residential units are planned or under construction in the surrounding area.
Key Highlights
- First floor provides approximately 1,100 SF across three rooms, a kitchen, and a bathroom
- Use of basement space included
- Second floor offers approximately 700 SF with two rooms and a bathroom; may be made available separately
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,204
Suggested Prices Based on Cap Rates
Cap Rate 5%
$404,080
$404.1K
Cap Rate 7%
$288,629
$288.6K
Cap Rate 9%
$224,489
$224.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$30.7K $17.04/SF
− Vacancy
−$1.8K −$1.01/SF
EGI
$28.9K $16.03/SF
− OpEx
−$8.7K −$4.81/SF
NOI
$20.2K $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%
$404,080
Cap Rate 7%
$288,629
Cap Rate 9%
$224,489
Alternative Uses
Best Use
Office B
$393.4K
$344.3K – $459.0K
NOI $27,540 @ 7.0% cap · market cap 474.83%
Second Best
Retail
$367.0K
$321.2K – $428.2K
NOI $25,692 @ 7.0% cap · market cap 442.97%
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 567.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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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
335
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The ground floor has three rooms, a kitchen, a bathroom, and access to basement space.
Where is this office unit located?
The property is located at 1965 Route 9 Toms River, NJ.
What are key features of this property?
This property features: First floor provides approximately 1,100 SF across three rooms, a kitchen, and a bathroom; Use of basement space included; Second floor offers approximately 700 SF with two rooms and a bathroom; may be made available separately
