Building Details

Year built 1983

Floors in Building 1

Building materials Frame

Architectural style Rambler

Listing Agency: Garabedian Realty Group, LLC

Listed By: Matthew Garabedian · License #9804363 Show Phone

Added: Aug 17 Changed: Sep 8 Last Checked: Sep 11 at 6:06PM

Report an Issue

MLS# NJOC2044570

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$17,285

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

4.56%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$345,700 $345.7K

Cap Rate 7%

$246,929 $246.9K

Cap Rate 9%

$192,056 $192.1K

Market Conditions

NOI Build-Up for 1,124 SF 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.

Gross rent

$33.7K $30.00/SF

− Vacancy

−$2.3K −$2.04/SF

EGI

$31.4K $27.96/SF

− OpEx

−$14.1K −$12.58/SF

NOI

$17.3K $15.38/SF

Area

Ocean County, NJ

Vacancy

6.80%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$345,700

Cap Rate 7%

$246,929

Cap Rate 9%

$192,056

Alternative Uses

Best Use

Apartment 5plus

$246.9K

$216.1K – $288.1K (±1% cap)

NOI $17,285 @ 7.0% cap · market cap 4.56%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$293.5K

$256.8K – $342.4K (±1% cap)

NOI $20,545 @ 7.0% cap · market cap 5.42%

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

Single family properties

Suggested Use

Top Pick Real Estate Agency Spa & Massage Center Skin Care Clinic Accounting Firm Gym & Fitness Center Computer & Electronic Repair

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

27

Businesses Nearby

Explore this area Business Placement

Demographics for 08757, NJ

34,679

Population

19,302

Households

1.8

Avg Household Size

63

Median Age

19%

College-Educated

90%

High-School Grad

17.8 sq mi

ZIP Area

1,948

Density / Sq Mi

$56,133

Median Household Income

$37,571

Median Earnings

$1,714

Median Rent

$253,200

Median Home Value

Questions? Ask Rey

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

What type of property is this? Where is this single family properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Mixed-Use Property with Apartment

1273 Church Road, Toms River, NJ 08755

$1,700,000

4,860 SF

View details

Three-Level Office Building

122 Lien Street, Toms River, NJ 08753

$1,195,000

6,708 SF

View details

Waterfront Medical Office

751 Fischer Boulevard, Toms River, NJ 08753

$610,000

2,000 SF

View details

Four-Bay Auto Shop

36 Irons Street, Toms River, NJ 08753

$1,150,000

2,468 SF

View details

Downtown Storefront with Storage

43 Main Street, Toms River, NJ 08753

$650,000

3,276 SF

View details

Freestanding Professional Office Building

43 Cedar Grove Road, Toms River, NJ 08753

$599,888

1,125 SF

View details

Furnished Office Building

506 Hooper Avenue, Toms River, NJ 08753

$849,900

4,125 SF

View details

Three-Story Office Building

2611 Route 37, Toms River, NJ 08753

$875,000

2,240 SF

View details

Medical Office With Exam Rooms

508 Lakehurst Road, Toms River, NJ 08755

$599,900

2,500 SF

View details

Three-Story Professional Office Building

12 Robbins Parkway, Toms River, NJ 08753

$849,900

3,640 SF

View details

Two-Level Church Facility

20 Robbins Street, Toms River, NJ 08753

$849,000

4,080 SF

View details

Approved Land in Medical Corridor

354 Lakehurst Road, Toms River, NJ 08755

$850,000

9,670 SF

View details

Frequently Asked Questions

Where is this single family property located?

The property is located at 25 VAIL Street Toms River, NJ.

What is the asking price?

The asking price for this property is $379,000.