Freestanding Professional Office
For Sale
$599,888
43 Cedar Grove Road, Toms River, NJ 08753
Freestanding office building with private parking for up to eight vehicles, suited for professional or medical tenants.
Property Size1,125 SF
Price / SF$533.23
Days on Market162
Property Features for 43 Cedar Grove Road
General Information
Standard status
Active
Size
1,125 SF
Total Parking Spaces
8
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
Del Virginia Realtors
Listed By:
Gaetana Del Virginia · License #0451829
(848) 221-1180
Source:
Actionplusrealty
Added: Apr 29
Changed: Oct 6
Last Checked: Oct 5 at 9:21PM
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 Del Virginia Realtors
Investment Insights
Based on property information with market context.
Freestanding professional office building totaling 1,125 square feet, offered for sale. The property is designed for private, professional use and is described as a versatile option for professional offices, medical use, or boutique business operations. Private parking on site accommodates up to eight vehicles.
The building is located in Toms River with convenient access to Hooper Avenue and Route 37, described as just minutes from Downtown Toms River. Public remarks also note the property is approximately one block from Hooper Avenue and Route 37, supporting straightforward client and staff travel.
For tenants and owners seeking an owned workspace, this property offers a compact, purpose-fit footprint for either office or medical-oriented operations, with dedicated parking to support day-to-day visits. Its freestanding configuration can simplify branding and signage opportunities at the building level, while the location along key routes may help maintain convenient access for clients and staff.
The building is located in Toms River with convenient access to Hooper Avenue and Route 37, described as just minutes from Downtown Toms River. Public remarks also note the property is approximately one block from Hooper Avenue and Route 37, supporting straightforward client and staff travel.
For tenants and owners seeking an owned workspace, this property offers a compact, purpose-fit footprint for either office or medical-oriented operations, with dedicated parking to support day-to-day visits. Its freestanding configuration can simplify branding and signage opportunities at the building level, while the location along key routes may help maintain convenient access for clients and staff.
Key Highlights
- Freestanding 1,125 SF professional office building built in 1970
- Private parking for up to 8 vehicles
- One block from Hooper Avenue and Route 37 for convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,213
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,260
$344.3K
Cap Rate 7%
$245,900
$245.9K
Cap Rate 9%
$191,256
$191.3K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$33.8K $30.00/SF
− Vacancy
−$10.8K −$9.60/SF
EGI
$23.0K $20.40/SF
− OpEx
−$5.7K −$5.10/SF
NOI
$17.2K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,260
Cap Rate 7%
$245,900
Cap Rate 9%
$191,256
Alternative Uses
Best Use
Office B
$245.9K
$215.2K – $286.9K
NOI $17,213 @ 7.0% cap · market cap 2.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.8K
$257.0K – $342.7K
NOI $20,563 @ 7.0% cap · market cap 3.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
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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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office building with private parking for up to eight vehicles, suited for professional or medical tenants.
Where is this office building located?
The property is located at 43 Cedar Grove Road Toms River, NJ.
What is the asking price?
The asking price for this property is $599,888.
What are key features of this property?
This property features: Freestanding 1,125 SF professional office building built in 1970; Private parking for up to 8 vehicles; One block from Hooper Avenue and Route 37 for convenient access
