Toms River Investment
206 Court House Lane Toms River, NJ 08753
206 Court House Lane, Toms River, NJ, 08753
$2,399,000
For Sale
$2,399,000
Leased to Ocean County, absolute net lease, steady income.
Property Size8,280 SF
Lot Size0.09 Acres
Price / SF$289.73
Days on Market256
Property Features for 206 Court House Lane
General Information
- Standard status
- Active
- Size
- 8,280 SF
- Lot size
- 0.09 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1953
Listing Agency
A.W. VAN WINKLE
(201) 939-0500
Listed by
DAMOUN YASHAR
Source
Corcoran
Added: Nov 7, 2025 Updated: Jul 6 at 9:58 am Checked: Jul 19 at 4:48 am
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 A.W. VAN WINKLE
Investment Insights
Based on property information with market context.
This commercial property presents an investment opportunity in Toms River. The building, totaling 8280 square feet, is currently leased to the County of Ocean and utilized as a courthouse. The property features an absolute net lease structure, offering a predictable income stream. Its location within the Ocean County Courthouse complex, near key municipal offices, provides an institutional-grade setting. This property is suited for investors seeking dependable returns with a low-risk profile.
Key Highlights
- Leased to the County of Ocean and used as a courthouse.
- Absolute net lease structure for steady, predictable income.
- Prime, institutional‑grade location within the Ocean County Courthouse complex.
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 | $248.4k | $30.00 |
| − Vacancy | −$79.5k | −$9.60 |
| EGI | $168.9k | $20.40 |
| − OpEx | −$42.2k | −$5.10 |
| NOI | $126.7k | $15.30 |
8,280 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.81M
$1.58M – $2.11M
NOI $126,684 @ 7.0% cap · market cap 5.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.52M
NOI $151,345 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Chancery Ocean County
City Courthouse
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Leased to Ocean County, absolute net lease, steady income.
Where is this office building located?
The property is located at 206 Court House Lane Toms River, NJ.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: Leased to the County of Ocean and used as a courthouse.; Absolute net lease structure for steady, predictable income.; Prime, institutional‑grade location within the Ocean County Courthouse complex.
