Furnished Office
New
For Sale
$839,900
506 Hooper Avenue, Toms River, NJ 08753
Commercial Sale, Toms River, NJ
Property Size4,125 SF
Lot Size0.25 Acres
Price / SF$203.61
Days on Market3
Property Features for 506 Hooper Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Residential, Professional
Rooms
Basement
Parking
13
Parking features
Off Street
Security features
Security System
Exterior features
Lighting
Basement
Partially Finished
Lot features
Level, Highway Frontage
Directions
Across the street from St Josephs church on Hooper Ave
Subdivision
Village Of T.R.
Standard status
Active
APN
08-00654-01-00019
Size
4,125 SF
Lot size
0.25 Acres
Additional Details
Property Use
Office
Condition
Move-in Ready
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
3
Flooring type
Tile, Wood
Building materials
Brick
Listing Agency:
Better Homes and Gardens Real Estate Murphy & Co
Listed By:
Joseph DeYonker · License #7840095
(609) 693-4600
Added: Oct 30
Last Checked: Nov 1 at 2:06AM
MLS# 22634319
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.
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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 4,125-square-foot office property was built in 1960 and sits on a 0.25-acre parcel. The furnished workspace includes quality furniture, with limited exclusions. Interior finishes include tile and wood flooring, and the building has forced-air heat, central air conditioning, and exterior lighting. A basement is also part of the property.
Brick construction and off-street parking are among the building’s practical features. Public water and public sewer serve the property.
Brick construction and off-street parking are among the building’s practical features. Public water and public sewer serve the property.
Key Highlights
- 4,125 square feet on a 0.25‑acre parcel
- Furnished workspace with quality furniture; limited exclusions apply
- Built in 1960 with tile and wood flooring
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 - Brick construction, off-street parking, and a furnished workspace support professional office operations.
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: 4,125 square feet on a 0.25‑acre parcel; Furnished workspace with quality furniture; limited exclusions apply; Built in 1960 with tile and wood flooring
