Furnished Office Space
506 Hooper Avenue Toms River, NJ 08753
506 Hooper Avenue, Toms River, NJ, 08753
$849,900
For Sale
$849,900
Furnished office space with ample parking in a prime location.
Property Size4,125 SF
Price / SF$206.04
Days on Market113
Property Features for 506 Hooper Avenue
General Information
- Standard status
- Active
- Size
- 4,125 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1960
Listing Agency
BETTER HOMES AND GARDENS REAL ESTATE MURPHY & CO
(609) 693-4600
Listed by
JOSEPH DEYONKER
Source
Corcoran
Added: Mar 31 Updated: Jul 10 at 12:29 pm Checked: Jul 20 at 3:41 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 BETTER HOMES AND GARDENS REAL ESTATE MURPHY & CO
Investment Insights
Based on property information with market context.
This furnished office space, with few exceptions, offers a functional layout. The property includes existing furniture. Ample parking is available. The location is across from a church. The property contains 4125 square feet.
Key Highlights
- Furnished office space with high‑quality furniture included.
- Ample parking available.
- Excellent location.
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 | $123.8k | $30.00 |
| − Vacancy | −$39.6k | −$9.60 |
| EGI | $84.2k | $20.40 |
| − OpEx | −$21.0k | −$5.10 |
| NOI | $63.1k | $15.30 |
4,125 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$901.6K
$788.9K – $1.05M
NOI $63,113 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$942.5K – $1.26M
NOI $75,398 @ 7.0% cap · market cap 8.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Barton Elizabeth L
Physician
Dasti, McGuckin, McNichols, ...
Law Firm
Trustan Nola
Law Firm
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FAQs
What type of property is this?
Office units - Furnished office space with ample parking in a prime location.
Where is this office units located?
The property is located at 506 Hooper Avenue Toms River, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Furnished office space with high‑quality furniture included.; Ample parking available.; Excellent location.
