Freestanding Professional Office
43 Cedar Grove Road Toms River, NJ 08753
43 Cedar Grove Road, Toms River, NJ, 08753
$599,888
For Sale
$599,888
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 Market25
Property Features for 43 Cedar Grove Road
General Information
- Standard status
- Active
- Size
- 1,125 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing Agency
DEL VIRGINIA REALTORS
(848) 221-1180
Listed by
GAETANA DEL VIRGINIA · License #0451829
Source
Corcoran
Added: Jun 24 Checked: Jul 17 at 3:27 am
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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $30.00 |
| − Vacancy | −$10.8k | −$9.60 |
| EGI | $23.0k | $20.40 |
| − OpEx | −$5.7k | −$5.10 |
| NOI | $17.2k | $15.30 |
1,125 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$245.9K
$215.2K – $286.9K
NOI $17,213 @ 7.0% cap · market cap 2.87%
Second Best
Healthcare Medical
$239.3K
$209.4K – $279.2K
NOI $16,751 @ 7.0% cap · market cap 2.79%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tegeder W Douglas ...
Accounting Firm
Roberts, Bobroff & Tegeder
Accounting Firm
Roberts Joan A
Accounting Firm
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FAQs
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
