Landmark Commercial Building in
44 Washington Street #102 Toms River, NJ 08753
44 Washington Street #102, Toms River, NJ, 08753
$3,999,000
For Sale
$3,999,000
20,000 SF mixed-use building in the heart of Toms River.
Property Size20,000 SF
Price / SF$199.95
Days on Market55
Property Features for 44 Washington Street #102
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
KELLER WILLIAMS SHORE PROPERTIES
(732) 797-9001
Listed by
CHRISTOPHER MCDOWELL · License #1435560
Source
Corcoran
Added: May 24 Checked: Jul 17 at 3:44 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 KELLER WILLIAMS SHORE PROPERTIES
Investment Insights
Based on property information with market context.
This landmark commercial building is positioned in the center of Downtown Toms River. The property offers approximately 20,000 square feet and features multiple diverse first-floor rental spaces suitable for retail, restaurant, professional, or mixed-use opportunities. The expansive second floor, complete with additional third-floor loft access, is suited for a corporate headquarters, technology hub, event venue, powerhouse law firm, or dynamic business office. Designed with modern, progressive architecture and an open-concept layout, the space delivers flexibility and presence. The property is located directly across from Toms River Town Hall, making it strategically situated for any use.
Key Highlights
- Prime location in the heart of Downtown Toms River's revitalization, directly across from Town Hall.
- Approximately 20,000 square feet of versatile space.
- Multiple first‑floor rental spaces suitable for retail, restaurant, professional, or mixed‑use businesses.
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 | $600.0k | $30.00 |
| − Vacancy | −$192.0k | −$9.60 |
| EGI | $408.0k | $20.40 |
| − OpEx | −$102.0k | −$5.10 |
| NOI | $306.0k | $15.30 |
20,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.37M
$3.83M – $5.10M
NOI $306,000 @ 7.0% cap · market cap 7.65%
Second Best
Retail
$4.08M
$3.57M – $4.76M
NOI $285,466 @ 7.0% cap · market cap 7.14%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Family First Funding ...
Loan Service
Nicole Archiello-Waleski - Sr. ...
Loan Service
WebMax Demo
Bank
Timothy McGrath - Family ...
Loan Service
Dean Wenz - Family ...
Loan Service
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FAQs
What type of property is this?
Retail space - 20,000 SF mixed-use building in the heart of Toms River.
Where is this retail space 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: Prime location in the heart of Downtown Toms River's revitalization, directly across from Town Hall.; Approximately 20,000 square feet of versatile space.; Multiple first‑floor rental spaces suitable for retail, restaurant, professional, or mixed‑use businesses.
