Second-Floor Office
For Sale
$220,000
222 Commons Way 222, Toms River, NJ 08755
Configured for professional use with a reception area, kitchenette, private rooms, and an on-site bathroom.
Property Size920 SF
Days on Market48
Property Features for 222 Commons Way 222
General Information
Standard status
Active
Size
920 SF
Property subtype
Commercial
Additional Details
Floor
2
Amenities
reception
kitchenette
private offices
bathroom
Building Details
Building Size
920 SF
Stories
1
Listing Agency:
Hazelet Realty Group, LLC
Listed By:
Michaela Rydstrom
(732) 836-8788
Source:
Elliman
Added: Sep 7
Changed: Oct 14
Last Checked: Oct 23 at 10:11AM
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 Hazelet Realty Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office unit is arranged for professional occupancy with a defined reception area, kitchenette, 4 private offices, and a bathroom. The layout supports a combination of shared entry space and individual workrooms within an office setting.
The property is part of an office park containing medical and professional suites. It is located near a hospital and Route 37 in Toms River, providing a setting oriented toward professional office use. WalkScore is 45 and bikeScore is 34, with the property characterized as car-dependent and somewhat bikeable, respectively.
The property is part of an office park containing medical and professional suites. It is located near a hospital and Route 37 in Toms River, providing a setting oriented toward professional office use. WalkScore is 45 and bikeScore is 34, with the property characterized as car-dependent and somewhat bikeable, respectively.
Key Highlights
- 4 private offices plus reception area
- Second‑floor professional office space
- Kitchenette and bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,076
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,520
$281.5K
Cap Rate 7%
$201,086
$201.1K
Cap Rate 9%
$156,400
$156.4K
Market Conditions
NOI Build-Up for 920 SF
Gross rent
$27.6K $30.00/SF
− Vacancy
−$8.8K −$9.60/SF
EGI
$18.8K $20.40/SF
− OpEx
−$4.7K −$5.10/SF
NOI
$14.1K $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%
$281,520
Cap Rate 7%
$201,086
Cap Rate 9%
$156,400
Alternative Uses
Best Use
Office B
$201.1K
$176.0K – $234.6K
NOI $14,076 @ 7.0% cap · market cap 6.40%
Second Best
Healthcare Medical
$195.7K
$171.2K – $228.3K
NOI $13,698 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$240.2K
$210.2K – $280.3K
NOI $16,816 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Explore this area
Business Placement
Demographics for 08755, NJ
28,643
Population
11,318
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
92%
High-School Grad
16.0 sq mi
ZIP Area
1,790
Density / Sq Mi
$81,077
Median Household Income
$54,183
Median Earnings
$1,484
Median Rent
$379,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Configured for professional use with a reception area, kitchenette, private rooms, and an on-site bathroom.
Where is this office unit located?
The property is located at 222 Commons Way 222 Toms River, NJ.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 4 private offices plus reception area; Second‑floor professional office space; Kitchenette and bathroom included
