Storefront Building with
For Sale
$650,000
43 Main Street, Toms River, NJ 08753
Currently occupied commercial building with supplemental second-level storage and rear access for files or supplies.
Property Size3,276 SF
Price / SF$198.41
Days on Market10
Property Features for 43 Main Street
General Information
Standard status
Active
Size
3,276 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$8,337
Amenities
Central Air
Flat
Parking.
On Street.
Building Details
Year Built
1935
Tenancy
Single
Abandoned
No
Listing Agency:
Keller Williams Shore Properties
(732) 529-0535
Listed By:
Keller Williams Shore Properties · License #0789034
(732) 529-0535
Source:
Xome
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 26 at 5:18AM
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
Investment Insights
Based on property information with market context.
This commercial storefront property, built in 1935, is currently occupied by an operating business and includes additional storage on the second level. The storage area can be reached from inside the building and through an exterior rear entrance, providing practical room for records, inventory, or supplies.
The property is positioned in Downtown Toms River within walking distance of the river, Huddy Park, courthouse, library, town hall, local restaurants, and downtown public parking facilities. Parkway access and public transportation support connectivity for customers and employees. The building is also situated within the redevelopment zone, with approved uses referenced through the available VB Zoning information.
The property is positioned in Downtown Toms River within walking distance of the river, Huddy Park, courthouse, library, town hall, local restaurants, and downtown public parking facilities. Parkway access and public transportation support connectivity for customers and employees. The building is also situated within the redevelopment zone, with approved uses referenced through the available VB Zoning information.
Key Highlights
- 1935 commercial storefront building
- Second‑level storage with interior and rear exterior access
- Currently occupied by an operating business
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
$46,759
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
7.19%
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%
$935,180
$935.2K
Cap Rate 7%
$667,986
$668.0K
Cap Rate 9%
$519,544
$519.5K
Market Conditions
NOI Build-Up for 3,276 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
$70.8K $21.60/SF
− Vacancy
−$4.0K −$1.21/SF
EGI
$66.8K $20.39/SF
− OpEx
−$20.0K −$6.12/SF
NOI
$46.8K $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%
$935,180
Cap Rate 7%
$667,986
Cap Rate 9%
$519,544
Alternative Uses
Best Use
Retail
$668.0K
$584.5K – $779.3K
NOI $46,759 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$855.4K
$748.5K – $998.0K
NOI $59,880 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,602
Businesses Nearby
8k
Monthly Visits Nearby
Balanced
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
0.3 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Currently occupied commercial building with supplemental second-level storage and rear access for files or supplies.
Where is this storefront property located?
The property is located at 43 Main Street Toms River, NJ.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1935 commercial storefront building; Second‑level storage with interior and rear exterior access; Currently occupied by an operating business
