Freestanding Professional Office
43 Cedar Grove Road, Toms River, NJ 08753
For Sale
$599,888
Commercial Sale, Toms River, NJ
Property Size1,125 SF
Lot Size0.24 Acres
Price / SF$533.23
Days on Market140
Property Features for 43 Cedar Grove Road
General Information
Property type
Property subtype
Zoning description
Parking
Parking features
Basement
Lot features
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Cooling system
Water source
Building Details
Year built
Roof type
Listing Agency:
Del Virginia Realtors
Listed By:
Gaetana Del Virginia · License NJ #0451829
(848) 221-1180
Added: Jun 23
Changed: Oct 21
Last Checked: Nov 9 at 9:06PM
MLS# 22619038
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.
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Investment Insights
Based on property information with market context.
This freestanding professional office property contains 1,125 square feet on a 0.24-acre parcel. Built in 1970, the building includes central air, a shingle roof, and off-street parking for up to 8 vehicles. Public water and public sewer serve the site. The space is identified for professional office, medical, or boutique business use.
Hooper Avenue and Route 37 are within one block, providing direct access for staff and visitors. The property is also located minutes from Downtown Toms River in Ocean County, New Jersey.
Hooper Avenue and Route 37 are within one block, providing direct access for staff and visitors. The property is also located minutes from Downtown Toms River in Ocean County, New Jersey.
Key Highlights
- 1,125‑square‑foot freestanding professional office building
- 0.24‑acre parcel with off‑street parking for up to 8 vehicles
- Central Air cooling system
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
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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
$377,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Toms River, NJ
Properties on Market for Office buildings in Toms River
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with central air, off-street parking, and access near major local routes.
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: 1,125‑square‑foot freestanding professional office building; 0.24‑acre parcel with off‑street parking for up to 8 vehicles; Central Air cooling system
