Furnished Office
For Sale
$839,900
506 Hooper Avenue, Toms River, NJ 08753
Furniture is included, subject to limited exclusions.
Property Size4,125 SF
Price / SF$203.61
Days on Market10
Property Features for 506 Hooper Avenue
General Information
Standard status
Active
Size
4,125 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Highway Access
Yes
Property Use
Office
Building Details
Year Built
1960
Listing Agency:
Better Homes and Gardens Real Estate Murphy & Co
Listed By:
Joseph DeYonker · License #7840095
(609) 693-4600
Source:
Actionplusrealty
Added: Oct 26
Changed: Nov 3
Last Checked: Nov 3 at 6:05AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building was constructed in 1960 and is offered with furnishings, with some items excluded. The workspace includes quality furniture.
The property is near downtown and the courthouse, with access to Route 37 and the Garden State Parkway. Parking is available. The bike score is 43, described as somewhat bikeable, while the walk score is 16, characterized as car-dependent.
The property is near downtown and the courthouse, with access to Route 37 and the Garden State Parkway. Parking is available. The bike score is 43, described as somewhat bikeable, while the walk score is 16, characterized as car-dependent.
Key Highlights
- Furnished workspace; some items are excluded
- Built in 1960
- Near downtown and the courthouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,113
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,260
$1.3M
Cap Rate 7%
$901,614
$901.6K
Cap Rate 9%
$701,256
$701.3K
Market Conditions
NOI Build-Up for 4,125 SF
Gross rent
$123.8K $30.00/SF
− Vacancy
−$39.6K −$9.60/SF
EGI
$84.2K $20.40/SF
− OpEx
−$21.0K −$5.10/SF
NOI
$63.1K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,262,260
Cap Rate 7%
$901,614
Cap Rate 9%
$701,256
Alternative Uses
Best Use
Office B
$901.6K
$788.9K – $1.05M
NOI $63,113 @ 7.0% cap · market cap 7.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$942.5K – $1.26M
NOI $75,398 @ 7.0% cap · market cap 8.98%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,705
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Furniture is included, subject to limited exclusions.
Where is this office building located?
The property is located at 506 Hooper Avenue Toms River, NJ.
What is the asking price?
The asking price for this property is $839,900.
What are key features of this property?
This property features: Furnished workspace; some items are excluded; Built in 1960; Near downtown and the courthouse
