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    Medical Office Building For Lease Title is generated by Realmo AI

    301 Lakehurst Road, Toms River, NJ 08755

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    Class A medical office building near RWJ/St Barnabas Medical Center.

    Type:Office
    Property size:
    2,000 SF
    Added:
    Nov 8, 2019
    Days on Market:
    2382
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 301 Lakehurst Road

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 301 Lakehurst Road Contact us

    3rd Floor Dental Office $20/Mo

    Size
    2,200 SF
    Type
    Office
    Turn-key dental office located on 3rd floor of elevatored building. Fully built out....
    show more
    Contact us

    Available 1st Floor $19/Mo

    Size
    3,200 SF
    Type
    Office
    First Floor is available with 3,200 square feet. This unit features reception area,...
    show more
    Contact us

    We can help!

    Listing Contact
    Mark Kotzas
    Mark Kotzas

    Listing agent Mark Kotzas License #NJ 7800664

    Listing office Crossroads Realty Toms River

    Listing date Nov 8, 2019

    Source Crexi

    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 Crossroads Realty Toms River

    HighLights

    • Prime location: Exit 81 of GSP and 2 blocks to RWJ/St Barnabas Medical Center.
    • Turn‑key dental office: One unit on the 3rd floor is fully equipped and ready for immediate use.
    • Class A medical office building: High‑quality construction and professional environment.
    • Flexible space: +/- 2,000 SF units per floor with 5‑6 exam rooms, suitable for various medical practices.
    • Elevatored building: Accessibility for all patients and staff.
    • Lower level potential: Ideal for professional offices or lab space.

    Overview

    This is a 3-story Class A medical office building available for lease. The building includes a full basement and elevator access. Each floor contains two units of approximately 2,000 square feet each, with 5 to 6 exam rooms per unit. One unit on the 3rd floor is equipped as a turnkey dental office. The lower level is suitable for professional offices or a lab. The property is located at Exit 81 of the Garden State Parkway and is two blocks from RWJ/St Barnabas Medical Center. The lease is NNN, and the tenant pays a pro-rata share of electric.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kate Hulbert Midwife Rekha Varghese Physician Dr. Hernando Pulido Dental Office Mark Marino Physician Jose Suatengco Physician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Law Firm Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

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

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2103197
    Latitude
    39.9569845

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    FAQs

    What type of property is this?
    Medical Office Space - Class A medical office building near RWJ/St Barnabas Medical Center.
    Where is this medical office space located?
    The property is located at 301 Lakehurst Road Toms River, NJ.
    What are key features of this property?
    This property features: Prime location: Exit 81 of GSP and 2 blocks to RWJ/St Barnabas Medical Center.; Turn‑key dental office: One unit on the 3rd floor is fully equipped and ready for immediate use.; Class A medical office building: High‑quality construction and professional environment.
    (732) 244-4900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Kotzas
    Mark Kotzas
    Real Estate License ID: NJ 7800664
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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