Building Details

Year Built 2005

Listing Agency: GILLEN REALTY INC. Show Phone

Listed By: TIMOTHY J GILLEN · License #8535813 Show Phone

Source: Corcoran

Added: Oct 8 Changed: Oct 10 Last Checked: Oct 10 at 2:48AM

Report an Issue

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 GILLEN REALTY INC.

Investment Insights

Based on property information with market context.

This end-unit office is configured for medical or professional use and has been updated. The space previously served as a doctor’s office and is currently used as a professional office. A basement provides additional storage, and a rear entrance offers a second point of access.

The property was built in 2005 and has access to a large parking lot. Immediate occupancy is available.

Key Highlights

• End‑unit medical or professional office
• Updated interior; currently used as a professional office
• Basement storage area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,830

Cap Rate

7.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$336,600 $336.6K

Cap Rate 7%

$240,429 $240.4K

Cap Rate 9%

$187,000 $187.0K

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$33.0K $30.00/SF

− Vacancy

−$10.6K −$9.60/SF

EGI

$22.4K $20.40/SF

− OpEx

−$5.6K −$5.10/SF

NOI

$16.8K $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%

$336,600

Cap Rate 7%

$240,429

Cap Rate 9%

$187,000

Alternative Uses

Best Use

Office B

$240.4K

$210.4K – $280.5K (±1% cap)

NOI $16,830 @ 7.0% cap · market cap 7.02%

Second Best

Healthcare Medical

$234.0K

$204.7K – $273.0K (±1% cap)

NOI $16,379 @ 7.0% cap · market cap 6.83%

Theoretical Best

Office A

$287.2K

$251.3K – $335.1K (±1% cap)

NOI $20,106 @ 7.0% cap · market cap 8.38%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Clinical Laboratories Medical Laboratory Everest Medical Laboratory Medical Laboratory American Hearing Centers ... Hearing Aid Store Dr. Priscilla A. Magsalin, ... Physician Natalie Viggiano Physician

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Restaurant Big Box & Wholesale Store Building Supply Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

828

Businesses Nearby

Under-served

Demand for This Use

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Professional Office Suite

222 Commons Way, Toms River, NJ 08755

$220,000

920 SF

View details

End-Unit Medical Office Condo

1163 NJ 37, Toms River, NJ 08755

$265,000

1,352 SF

View details

Waterfront Medical Office

751 Fischer Boulevard, Toms River, NJ 08753

$599,000

2,000 SF

View details

Medical Office With Exam Rooms

508 Lakehurst Road, Toms River, NJ 08755

$599,900

2,500 SF

View details

Two-Story Medical Office Space

151 NJ-37, Toms River, NJ 08755

$824,999

3,180 SF

View details

Mixed-Use Property with Apartment

1273 Church Road, Toms River, NJ 08755

$1,700,000

4,860 SF

View details

Medical Office Space with Basement

201-508 Lakehurst Rd, Toms River, NJ 08755

$599,900

View details

Duplex with Three-Season Room

48 Berkshire Court, Toms River, NJ 08753

$199,000

1,072 SF

View details

Freestanding Professional Office Building

43 Cedar Grove Road, Toms River, NJ 08753

$599,888

1,125 SF

View details

Two-Story Duplex with Private Yard

40 Bay Shore Drive, Toms River, NJ 08753

$700,000

1,704 SF

View details

Three-Story Office Building

2611 Route 37, Toms River, NJ 08753

$875,000

2,240 SF

View details

Renovated Mixed-Use Property

3103 Veeder Avenue, Toms River, NJ 08753

$1,099,000

2,432 SF

View details

Similar Off Market Nearby

• PriorityVet - Pet Urgent Care of Toms River , NJ — 226 NJ-37, Toms River, NJ 08755
• Vet Supporter — 891-899 NJ-37, Toms River, NJ 08755

Frequently Asked Questions

What type of property is this?

Medical Office Space - Updated office space offers basement storage, rear access, and availability for immediate occupancy.

Where is this medical office space located?

The property is located at 25 Mule Road #B10 Toms River, NJ.

What is the asking price?

The asking price for this property is $239,900.

What are key features of this property?

This property features: End‑unit medical or professional office; Updated interior; currently used as a professional office; Basement storage area