Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Office Condo For Sale Title is generated by Realmo AI

    40 Bey Lea Road 204, Toms River, NJ 08753

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $545,000

    Well-appointed office space in Bey Lea Commons, Toms River.

    Type:Commercial/Industrial
    Property size:
    2,124 SF
    Lot size:
    0.05 Acres
    Price / SF:
    $256/SF
    Added:
    Mar 12, 2026
    Days on Market:
    67
    Last Refresh:
    Apr 5 at 8:27 pm

    Property Features for 40 Bey Lea Road 204

    General Information

    Standard status
    Active
    Size
    2,124 SF
    Lot size
    0.05 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Michael H Little

    Listing agent Michael H Little License #9804215

    Listing office Keller Williams Shore Properties

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Keller Williams Shore Properties

    HighLights

    • Prime location in the sought‑after Bey Lea Commons.
    • Spacious 2,124 sq ft office space designed for functionality and comfort.
    • Features four private offices, conference room with kitchenette, and open work areas.
    • Comfortable waiting room with reception window.
    • Ample parking and elevator access for clients.
    • Includes 1,333 sq ft of private basement storage.

    Overview

    This 2124-square-foot condo office space, located in Bey Lea Commons, is available for sale. The office features four private offices, a conference room, and a kitchenette situated off a main hallway, along with additional open work areas. A waiting room with a reception window is present at the entrance. The layout is suitable for various professional uses, including corporate offices and medical practices. The property includes ample parking and elevator access to the second floor. Additionally, the property features 1333 square feet of private storage space in the basement and offers 24-hour access. The HOA fee is $998 per month.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $361.1K
    NOI $32,497 @ 9.00% cap · cautious / downside scenario
    Moderate
    $464.2K
    NOI $32,497 @ 7.00% cap · market / base-case scenario
    Aggressive
    $649.9K
    NOI $32,497 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $63.7k $30.00
    − Vacancy −$20.4k −$9.60
    EGI $43.3k $20.40
    − OpEx −$10.8k −$5.10
    NOI $32.5k $15.30
    2,124 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $464.2K
    $406.2K – $541.6K (±1% cap)
    NOI $32,497 @ 7.0% cap · market cap 5.96%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $554.6K
    $485.3K – $647.1K (±1% cap)
    NOI $38,823 @ 7.0% cap · market cap 7.12%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Karen Flynn, Realtor ... Real Estate Agency Meadowbrook Financial Mortgage ... Loan Service James Fennessy, Esq. Law Firm Russo John F Law Firm Neurological Associates Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2004
    Latitude
    39.9906

    Nearby Similar for Sale

    • $875,000
      4,125 SF

      Furnished Office in Toms River

      Furnished office space with ample parking and strong visibility.
      506 Hooper Avenue, Toms River, NJ 08753
      View Details
    • $650,000
      4,206 SF

      Downtown Toms River Commercial Building

      Prime commercial building in the heart of downtown Toms River.
      43 Main Street, Toms River, NJ 08753
      View Details
    • $2,350,000
      9,954 SF

      Route 37 East Investment Opportunity

      Three office buildings with approvals for a new 12,000 SF building.
      25 Route 37 E, Toms River, NJ 08753
      View Details
    • $850,000

      Approved Land in Medical Corridor

      Approved land for a two-story professional building in Toms River.
      354 Lakehurst Road, Toms River, NJ 08755
      View Details
    • $1,850,000
      5,854 SF

      Multi-Use Property in Toms River

      1.14 acres with gas station, shop, and residential structure.
      281 Route 37, Toms River, NJ 08753
      View Details
    • $569,000
      2,819 SF

      Spacious Multifamily Property in Toms River

      Versatile property with flexible layout, solarium, and detached garage.
      547 Brookside Drive, Toms River, NJ 08753
      View Details
    • $2,650,000

      Toms River Commercial Investment Opportunity

      Commercial property in Toms River, NJ with investment or owner-user potential.
      10 Allen Street, Toms River, NJ 08753
      View Details
    • $825,000
      3,974 SF

      Toms River Office Building For Sale

      Two-story office building in Village Office Zone, ideal for visibility.
      615 Main Street, Toms River, NJ 08753
      View Details
    • $150,000
      44,204 SF

      Turnkey Pizza Shop For Sale

      Fully operational pizza shop with equipment, furniture, fixtures, and inventory.
      1922 Hooper Avenue, Toms River, NJ 08753
      View Details
    • $329,999

      Turnkey Restaurant Opportunity in Toms River

      Established, remodeled restaurant ready for growth in high-visibility location.
      E Main Street, Toms River, NJ 08753
      View Details
    • $1,195,000
      1,392 SF

      Downtown Toms River Commercial Building

      Three-level office building on 0.87 acre lot in Toms River.
      122 Lien Street, Toms River, NJ 08753
      View Details
    • $225,000
      920 SF

      Handicap Accessible Office Condo

      First floor office condo with multiple offices and bathrooms.
      780 Commons Way, Toms River, NJ 08755
      View Details

    FAQs

    What type of property is this?
    Office units - Well-appointed office space in Bey Lea Commons, Toms River.
    Where is this office units located?
    The property is located at 40 Bey Lea Road 204 Toms River, NJ.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: Prime location in the sought‑after Bey Lea Commons.; Spacious 2,124 sq ft office space designed for functionality and comfort.; Features four private offices, conference room with kitchenette, and open work areas.
    (732) 797-9001
    We can help!
    Listing Contact
    Michael H Little
    Real Estate License ID: 9804215
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    40 Bey Lea Road 204, Toms River, NJ 08753
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!