Downtown Storefront with
New
For Sale
$650,000
43 Main Street, Toms River, NJ 08753
Commercial Sale, Toms River, NJ
Property Size3,276 SF
Lot Size0.07 Acres
Price / SF$198.41
Days on Market2
Property Features for 43 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
On Street, Parking Lot
Directions
SH 37 to Main Street
Subdivision
Village Of T.R.
Standard status
Active
APN
08-00662-0000-00012-05
Size
3,276 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8337
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public, Well
Building Details
Year built
1935
Floors in Building
2
Building materials
Block
Roof type
Flat
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
(732) 529-0535
Listed By:
Robert J Cecchini · License #0789034
(732) 529-0535
Added: Aug 24
Last Checked: Aug 25 at 5:06AM
MLS# 22626466
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.
Investment Insights
Based on property information with market context.
Located at 43 Main Street in downtown Toms River, this 3,276-square-foot storefront property occupies a 0.07-acre parcel. Built in 1935 with block construction, the building features central air, a flat roof, a basement, and additional storage on the second level. The upper storage area has both interior access and a separate rear entrance, supporting file or supply storage needs.
The property is currently occupied and sits within the downtown redevelopment zone. Huddy Park, the river, courthouse, library, town hall, local dining, and public parking facilities are all within walking distance. On-street parking and parking-lot access are available, while proximity to the parkway and public transportation provides access beyond the downtown core.
The property is currently occupied and sits within the downtown redevelopment zone. Huddy Park, the river, courthouse, library, town hall, local dining, and public parking facilities are all within walking distance. On-street parking and parking-lot access are available, while proximity to the parkway and public transportation provides access beyond the downtown core.
Key Highlights
- 3,276‑square‑foot storefront property on a 0.07‑acre parcel
- Second‑level storage with interior access and a separate rear entrance
- Downtown redevelopment zone location at 43 Main Street
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
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
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Frequently Asked Questions
What type of property is this?
Storefront property - The building offers rear-access storage, central air, and convenient access to public parking and transportation.
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: 3,276‑square‑foot storefront property on a 0.07‑acre parcel; Second‑level storage with interior access and a separate rear entrance; Downtown redevelopment zone location at 43 Main Street
