Standalone Medical Office
2 Garfield Avenue Toms River, NJ 08753
For Sale
$799,000
Standalone building with direct highway corner frontage, suited for medical or office use near beach attractions.
Property Size2,160 SF
Price / SF$369.91
Days on Market836
Property Features for 2 Garfield Avenue
General Information
Standard status
Active
Size
2,160 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
American Homes Group
Listed By:
Maurice Molcho
(833) 740-1234
Source:
Actionplusrealty
Added: Apr 16, 2024
Changed: Jul 28
Last Checked: Jul 29 at 4:54PM
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 American Homes Group
Investment Insights
Based on property information with market context.
2 Garfield Avenue presents a standalone commercial building for sale, constructed with quality and integrity. The property is positioned as a highway corner site, providing direct highway frontage for prominent visibility. It offers a layout that fits medical office space and general office uses, supporting a range of professional tenant requirements.
The location is described as just moments away from popular beach attractions, catering to both local traffic and visitors to the shore area. For buyers seeking a single-building asset with straightforward highway exposure, this property delivers a clear, access-oriented retail setting.
Overall, the offering combines a standalone building format with direct highway frontage and a location near beach attractions, making it a practical option for investors or businesses looking for a shore-adjacent commercial presence.
The location is described as just moments away from popular beach attractions, catering to both local traffic and visitors to the shore area. For buyers seeking a single-building asset with straightforward highway exposure, this property delivers a clear, access-oriented retail setting.
Overall, the offering combines a standalone building format with direct highway frontage and a location near beach attractions, making it a practical option for investors or businesses looking for a shore-adjacent commercial presence.
Key Highlights
- Standalone commercial building built in 1988
- Direct highway corner frontage with standalone building presence
- Well‑suited for medical or office use
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.8k | $30.00 |
| − Vacancy | −$20.7k | −$9.60 |
| EGI | $44.1k | $20.40 |
| − OpEx | −$11.0k | −$5.10 |
| NOI | $33.0k | $15.30 |
2,160 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$472.1K
$413.1K – $550.8K
NOI $33,048 @ 7.0% cap · market cap 4.14%
Second Best
Healthcare Medical
$459.5K
$402.0K – $536.0K
NOI $32,162 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$564.0K
$493.5K – $658.0K
NOI $39,481 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Coastal Veterinary — 2901 NJ-37, Toms River, NJ 08753
Frequently Asked Questions
What type of property is this?
Medical Office Space - Standalone building with direct highway corner frontage, suited for medical or office use near beach attractions.
Where is this medical office space located?
The property is located at 2 Garfield Avenue Toms River, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Standalone commercial building built in 1988; Direct highway corner frontage with standalone building presence; Well‑suited for medical or office use
