Mixed-Use Building with Loft
44 Washington Street 102, Toms River, NJ 08753
For Sale
New
$3,999,000
Ground-floor rental suites and upper-level space offer a flexible layout for retail, dining, professional, or office uses.
Property Size20,000 SF
Price / SF$199.95
Days on Market2
Property Features for 44 Washington Street 102
General Information
Standard status
Size
Amenities
true
Public
0.03
13
Assigned,On Site,Parking Lot
20000
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
(201) 204-1334
Listed By:
Natalia Fogelstrom
Source:
Opuselitenj
Added: Nov 6
Last Checked: Nov 7 at 1:29PM
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 Natalia Fogelstrom
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20,000-square-foot mixed-use building, constructed in 1950, has several rental spaces on the ground floor and a large second-floor area with access to a third-floor loft. The configuration accommodates a mix of retail, restaurant, professional, and office uses.
At 44 Washington Street in Toms River, the property sits directly across from Toms River Town Hall.
At 44 Washington Street in Toms River, the property sits directly across from Toms River Town Hall.
Key Highlights
- Approximately 20,000 square feet across multiple levels
- Multiple ground‑floor rental spaces
- Second‑floor area with access to a third‑floor loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$285,466
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,709,320
$5.7M
Cap Rate 7%
$4,078,086
$4.1M
Cap Rate 9%
$3,171,844
$3.2M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$432.0K $21.60/SF
− Vacancy
−$24.2K −$1.21/SF
EGI
$407.8K $20.39/SF
− OpEx
−$122.3K −$6.12/SF
NOI
$285.5K $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 Rate 5%
$5,709,320
Cap Rate 7%
$4,078,086
Cap Rate 9%
$3,171,844
Alternative Uses
Best Use
Retail
$4.08M
$3.57M – $4.76M
NOI $285,466 @ 7.0% cap · market cap 7.14%
Second Best
Mixed Use
$3.30M
$2.89M – $3.85M
NOI $231,000 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$5.22M
$4.57M – $6.09M
NOI $365,568 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,602
Businesses Nearby
8k
Monthly Visits Nearby
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
$377,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Ocean County, NJ
Properties on Market for Mixed-use properties in Ocean County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor rental suites and upper-level space offer a flexible layout for retail, dining, professional, or office uses.
Where is this mixed-use property located?
The property is located at 44 Washington Street 102 Toms River, NJ.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Approximately 20,000 square feet across multiple levels; Multiple ground‑floor rental spaces; Second‑floor area with access to a third‑floor loft
