Standalone Office
2 Garfield Avenue Toms River, NJ 08753
2 Garfield Avenue, Toms River, NJ, 08753
$799,000
For Sale
$799,000
COMMERCIAL - Toms River, NJ
Property Size2,160 SF
Lot Size0.17 Acres
Price / SF$369.91
Days on Market688
Property Features for 2 Garfield Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 9
- Parking features
- Off Street
- Standard status
- Active
- APN
- 08-00818-0000-00020
- Size
- 2,160 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 8413
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1988
- Floors in Building
- 2
- Flooring type
- Linoleum, Vinyl
- Roof type
- Shingle
Listing Agency
American Homes Group
(732) 289-3900
2005 Belmore Street Unit C, Oakhurst, NJ
Listed by
Maurice Molcho · License #10301216355
(732) 289-3900
Added: Aug 29, 2024 Checked: Jul 17 at 1:06 pm
MLS# 22425053
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
2 Garfield Avenue in Toms River, New Jersey is a standalone commercial building positioned on a highway corner with direct highway frontage. The property is offered for sale and includes approximately 2,160 square feet of space on a 0.17-acre lot.
The listing describes the site as providing strong visibility and exposure from the highway. It is also noted as being close to popular beach attractions, offering convenient access for both local and visiting traffic.
As a purpose-built standalone office-type asset, the building presents an ownership opportunity for an end user or investor seeking a commercially located property with direct road presence.
The listing describes the site as providing strong visibility and exposure from the highway. It is also noted as being close to popular beach attractions, offering convenient access for both local and visiting traffic.
As a purpose-built standalone office-type asset, the building presents an ownership opportunity for an end user or investor seeking a commercially located property with direct road presence.
Key Highlights
- Standalone commercial building on a highway corner with direct highway frontage
- Built in 1988
- Central air cooling
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shore Spine and Sports ...
Alternative Medicine Practice
Epic Exteriors Roofing
Roofing Company
Damon Noonan
Alternative Medicine Practice
Similar For Sale Nearby
Similar Off Market Nearby
- Coastal Veterinary — 2901 NJ-37, Toms River, NJ 08753
FAQs
What type of property is this?
Medical Office Space - Standalone commercial building on a highway corner with direct highway frontage.
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 on a highway corner with direct highway frontage; Built in 1988; Central air cooling
