Four-Bay Auto
New
For Sale
$1,150,000
36 Irons Street, Toms River, NJ 08753
Commercial Sale, Toms River, NJ
Property Size2,468 SF
Lot Size0.37 Acres
Price / SF$465.96
Days on Market3
Property Features for 36 Irons Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
25
Parking features
Parking Lot
Directions
GPS
Subdivision
Toms River
Standard status
Active
APN
08-00658-01-00038
Size
2,468 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10535
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1950
Floors in Building
1
Listing Agency:
Real Broker, LLC- Toms River
(732) 341-2227
Listed By:
Isaac Nussbaum · License #1647137
(732) 341-2227
Added: Aug 26
Changed: Aug 27
Last Checked: Aug 28 at 9:06PM
MLS# 22624312
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 36 Irons Street in Toms River, this 2,468-square-foot automotive property sits on 0.37 acres and includes four service bays with dedicated on-site parking. The building was constructed in 1950 and is served by public water and public sewer.
The property is positioned in downtown Toms River with close access to the Garden State Parkway. Its 25 parking spaces support customer and employee access, while the existing automotive configuration provides a clear foundation for continued service-bay operations.
The property is positioned in downtown Toms River with close access to the Garden State Parkway. Its 25 parking spaces support customer and employee access, while the existing automotive configuration provides a clear foundation for continued service-bay operations.
Key Highlights
- 2,468‑square‑foot automotive property on 0.37 acres
- Four service bays with dedicated workspace
- 25 dedicated parking spaces
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
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Similar Off Market Nearby
- All American Tire & Auto Repair — Toms River, NJ 08757
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- 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 customer parking, public utilities, and convenient Garden State Parkway access.
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 on 0.37 acres; Four service bays with dedicated workspace; 25 dedicated parking spaces
