Toms River Investment
For Sale
$2,399,000
206 Court House Ln, Toms River, NJ 08753
Leased to Ocean County, absolute net lease, steady income.
Property Size8,280 SF
Price / SF$289.73
Days on Market228
Property Features for 206 Court House Ln
General Information
Standard status
Active
Size
8,280 SF
Building Details
Year Built
1953
Listing Agency:
A.W. Van Winkle
Listed By:
Damoun Yashar
(201) 939-0500
Source:
Soldbypattie
Added: Mar 5
Changed: Oct 6
Last Checked: Oct 7 at 5:44PM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,684
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,680
$2.5M
Cap Rate 7%
$1,809,771
$1.8M
Cap Rate 9%
$1,407,600
$1.4M
Market Conditions
NOI Build-Up for 8,280 SF
Gross rent
$248.4K $30.00/SF
− Vacancy
−$79.5K −$9.60/SF
EGI
$168.9K $20.40/SF
− OpEx
−$42.2K −$5.10/SF
NOI
$126.7K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,533,680
Cap Rate 7%
$1,809,771
Cap Rate 9%
$1,407,600
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,623
Businesses Nearby
Explore this area
Business Placement
Demographics for 08753, NJ
64,369
Population
27,900
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
2,799
Density / Sq Mi
$101,648
Median Household Income
$54,291
Median Earnings
$1,742
Median Rent
$377,200
Median Home Value
Check the figures for this property
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 building - Leased to Ocean County, absolute net lease, steady income.
Where is this office building located?
The property is located at 206 Court House Ln 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.
