4-Bay Auto
New
For Sale
$1,150,000
36 Irons Street, Toms River, NJ 08753
Automotive facility with dedicated parking and convenient access to the Garden State Parkway.
Property Size2,468 SF
Price / SF$465.96
Days on Market7
Property Features for 36 Irons Street
General Information
Standard status
Active
Size
2,468 SF
Total Parking Spaces
25
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Service Bays
4
Taxes and HOA fees
Annual Taxes
$10,535
Amenities
3
25 Parking Spaces.
Building Details
Year Built
1950
Listing Agency:
Real Broker, LLC- Toms River
(732) 341-2227
Listed By:
Isaac Nussbaum · License #1647137
(732) 341-2227
Source:
Xome
Added: Aug 24
Changed: Aug 30
Last Checked: Aug 30 at 3:30AM
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 Real Broker, LLC- Toms River
Investment Insights
Based on property information with market context.
This automotive property contains 2,468 square feet with four service bays and workspace suited to an auto shop operation. The building was constructed in 1950 and includes 25 dedicated parking spaces for customers, employees, or vehicles awaiting service.
Located at 36 Irons Street in Downtown Toms River, the property offers close access to the Garden State Parkway. Its combination of service-bay capacity, on-site parking, and an established commercial setting supports continued automotive use.
Located at 36 Irons Street in Downtown Toms River, the property offers close access to the Garden State Parkway. Its combination of service-bay capacity, on-site parking, and an established commercial setting supports continued automotive use.
Key Highlights
- 2,468‑square‑foot automotive property with four service bays
- 25 dedicated parking spaces
- Located in Downtown Toms River at 36 Irons Street
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
$35,226
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
3.06%
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%
$704,520
$704.5K
Cap Rate 7%
$503,229
$503.2K
Cap Rate 9%
$391,400
$391.4K
Market Conditions
NOI Build-Up for 2,468 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
$53.3K $21.60/SF
− Vacancy
−$3.0K −$1.21/SF
EGI
$50.3K $20.39/SF
− OpEx
−$15.1K −$6.12/SF
NOI
$35.2K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$704,520
Cap Rate 7%
$503,229
Cap Rate 9%
$391,400
Alternative Uses
Best Use
Retail
$503.2K
$440.3K – $587.1K
NOI $35,226 @ 7.0% cap · market cap 3.06%
Second Best
Industrial
$395.7K
$346.3K – $461.7K
NOI $27,701 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$644.4K
$563.9K – $751.9K
NOI $45,111 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,556
Businesses Nearby
8k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Hotels & Casinos 14%
7-Eleven
Shops & Services
6,442 visits/mo
0.1 miles
Red Roof Inn
Hotels & Casinos
1,087 visits/mo
0.1 miles
U-Haul
Shops & Services
205 visits/mo
0.2 miles
Demographics for 08753, NJ
64,369
Population
27,900
Households
2.3
Avg Household Size
42
Median Age
36%
College-Educated
94%
High-School Grad
23.0 sq mi
ZIP Area
2,799
Density / Sq Mi
$101,648
Median Household Income
$54,291
Median Earnings
$1,742
Median Rent
$377,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- All American Tire & Auto Repair — Toms River, NJ 08757
- Spider's Place Automotive — 240 Dover Rd, Toms River, NJ 08757
- Complete Auto Care — South Toms River, NJ 08757
- Maaco Auto Body Shop & Painting — 242 Dover Rd, Toms River, NJ 08757
- Meineke Car Care Center — 350 Atlantic City Blvd, South Toms River, NJ 08757
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with dedicated parking and convenient access to the Garden State Parkway.
Where is this auto shop located?
The property is located at 36 Irons Street Toms River, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,468‑square‑foot automotive property with four service bays; 25 dedicated parking spaces; Located in Downtown Toms River at 36 Irons Street
