Leased Courthouse Office
206 Court House Lane Unit 206 Toms River, NJ 08753
206 Court House Lane Unit 206, Toms River, NJ, 08753
$2,399,000
For Sale
$2,399,000
Office building leased to the County of Ocean and used as a courthouse within the Ocean County Courthouse complex.
Property Size8,280 SF
Price / SF$289.73
Days on Market276
Property Features for 206 Court House Lane Unit 206
General Information
- Standard status
- Active
- Size
- 8,280 SF
- Property subtype
- Office
Building Details
- Year Built
- 1953
Listing agency
A.W. Van Winkle
(201) 939-0500
Listed by
Damoun Yashar
(201) 939-0500
Source
Xome
Added: Oct 20, 2025 Updated: Jul 21 at 9:52PM Checked: Jul 22 at 3:42AM
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 leased office building is currently used as a courthouse by the County of Ocean. The offering is described as an absolute net lease structure.
The property is located within the Ocean County Courthouse complex and near key municipal offices in Toms River, supporting an institutional setting.
The building is presented for sale as an income-focused investment with an established tenant and courthouse use in place.
The property is located within the Ocean County Courthouse complex and near key municipal offices in Toms River, supporting an institutional setting.
The building is presented for sale as an income-focused investment with an established tenant and courthouse use in place.
Key Highlights
- Office building leased to the County of Ocean and used as a courthouse
- Located within the Ocean County Courthouse complex
- Absolute net lease structure
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
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 - Office building leased to the County of Ocean and used as a courthouse within the Ocean County Courthouse complex.
Where is this office building located?
The property is located at 206 Court House Lane Unit 206 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: Office building leased to the County of Ocean and used as a courthouse; Located within the Ocean County Courthouse complex; Absolute net lease structure
