Three-Story Office
2611 Route 37 Toms River, NJ 08753
2611 Route 37, Toms River, NJ, 08753
$899,000
For Sale
$899,000
Three-story office building with private suites on each floor, plus basement storage and recent interior updates.
Property Size2,240 SF
Price / SF$401.34
Days on Market25
Property Features for 2611 Route 37
General Information
- Standard status
- Active
- Size
- 2,240 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing agency
RE/MAX On the Move Realty
Listed by
Fraidy Kaluszyner
(833) 740-1234
Source
Actionplusrealty
Added: Jun 28 Updated: Jul 21 at 7:13AM Checked: Jul 22 at 6:30AM
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 RE/MAX On the Move Realty
Investment Insights
Based on property information with market context.
2611 Route 37 is a well-maintained, three-story office building configured with private office suites on the first and second floors, with two communal restrooms serving each of those levels. The third floor is finished and includes two additional private office suites. A basement provides additional storage or flexible-use space. Recent updates include new flooring and fresh paint throughout.
The property is situated on a highly traveled main road with outstanding visibility and ample parking. It offers easy access and serves as a versatile option for investors or owner-occupants.
Overall, the building’s suite-based layout supports a range of office tenancy needs while maintaining consistent restroom access across the upper floors.
The property is situated on a highly traveled main road with outstanding visibility and ample parking. It offers easy access and serves as a versatile option for investors or owner-occupants.
Overall, the building’s suite-based layout supports a range of office tenancy needs while maintaining consistent restroom access across the upper floors.
Key Highlights
- Three‑story office building built in 1988 with finished third floor office space and basement storage/flex space
- First floor: four private office suites plus two communal restrooms
- Second floor: four private office suites plus two communal restrooms
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 | $67.2k | $30.00 |
| − Vacancy | −$21.5k | −$9.60 |
| EGI | $45.7k | $20.40 |
| − OpEx | −$11.4k | −$5.10 |
| NOI | $34.3k | $15.30 |
2,240 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$489.6K
$428.4K – $571.2K
NOI $34,272 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$584.9K
$511.8K – $682.4K
NOI $40,944 @ 7.0% cap · market cap 4.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Three-story office building with private suites on each floor, plus basement storage and recent interior updates.
Where is this office building located?
The property is located at 2611 Route 37 Toms River, NJ.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three‑story office building built in 1988 with finished third floor office space and basement storage/flex space; First floor: four private office suites plus two communal restrooms; Second floor: four private office suites plus two communal restrooms
