4-Bay Auto
For Sale
$1,150,000
36 Irons St, 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 Market47
Property Features for 36 Irons St
General Information
Standard status
Active
Size
2,468 SF
Building Details
Year Built
1950
Listing Agency:
Real Broker, LLC- Toms River
Listed By:
Isaac Nussbaum · License #1647137
(732) 341-2227
Source:
Nicolebarryrealestatenj
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 2:49PM
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
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Investment Insights
Based on property information with market context.
Located at 36 Irons St in Downtown Toms River, this automotive property is configured for service-oriented operations with four service bays and 25 dedicated parking spaces. The layout supports vehicle servicing while providing on-site parking for customers and employees.
The property offers close access to the Garden State Parkway and is positioned within Downtown Toms River. Built in 1950, the facility presents an established automotive-use setting at a central Toms River address. Its combination of multiple service bays, substantial dedicated parking, and regional roadway access provides a practical configuration for an automotive business.
The property offers close access to the Garden State Parkway and is positioned within Downtown Toms River. Built in 1950, the facility presents an established automotive-use setting at a central Toms River address. Its combination of multiple service bays, substantial dedicated parking, and regional roadway access provides a practical configuration for an automotive business.
Key Highlights
- Four service bays for automotive operations
- 25 dedicated parking spaces
- Close access to the Garden State Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,226
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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 St 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: Four service bays for automotive operations; 25 dedicated parking spaces; Close access to the Garden State Parkway
