Medical Office Suite with
For Sale
$599,900
508 Lakehurst Road Unit 201, Toms River, NJ 08755
Medical office suite with multiple exam and office rooms, plus a full basement with rear exterior access.
Property Size2,500 SF
Price / SF$239.96
Days on Market137
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Property Features for 508 Lakehurst Road Unit 201
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Building Details
Year Built
2005
Listing Agency:
RE/MAX Gateway
Listed By:
Robert N Lange · License #1329516
(732) 695-1600
Source:
Actionplusrealty
Added: Jun 1
Changed: Oct 15
Last Checked: Oct 14 at 11:49PM
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 RE/MAX Gateway
Investment Insights
Based on property information with market context.
This medical office suite is located within Winding River Medical Park and was most recently used as a doctor’s office. The interior includes seven exam rooms, two private offices, a reception staff office area, a reception area, and a waiting room. Additional features include two bathrooms, a staff break room, storage closets, and a full basement that provides rear exterior access for added flexibility and storage.
The property is positioned in the Toms River area with Community Medical Center in close proximity, and it is part of a newer complex with plenty of parking and established surrounding businesses.
The space is well-suited for a practice requiring dedicated exam rooms and patient-facing waiting and reception areas, supported by back-of-house storage and basement access.
The property is positioned in the Toms River area with Community Medical Center in close proximity, and it is part of a newer complex with plenty of parking and established surrounding businesses.
The space is well-suited for a practice requiring dedicated exam rooms and patient-facing waiting and reception areas, supported by back-of-house storage and basement access.
Key Highlights
- Year built 2005 medical office suite in Winding River Medical Park (Toms River)
- Includes 7 exam rooms, 2 private offices, reception staff office area, reception area, and waiting room
- Two bathrooms plus staff break room and storage closets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,250
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$765,000
$765.0K
Cap Rate 7%
$546,429
$546.4K
Cap Rate 9%
$425,000
$425.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$75.0K $30.00/SF
− Vacancy
−$24.0K −$9.60/SF
EGI
$51.0K $20.40/SF
− OpEx
−$12.8K −$5.10/SF
NOI
$38.3K $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%
$765,000
Cap Rate 7%
$546,429
Cap Rate 9%
$425,000
Alternative Uses
Best Use
Office B
$546.4K
$478.1K – $637.5K
NOI $38,250 @ 7.0% cap · market cap 6.38%
Second Best
Healthcare Medical
$531.8K
$465.3K – $620.4K
NOI $37,224 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,497
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08755, NJ
28,643
Population
11,318
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
92%
High-School Grad
16.0 sq mi
ZIP Area
1,790
Density / Sq Mi
$81,077
Median Household Income
$54,183
Median Earnings
$1,484
Median Rent
$379,600
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office suite with multiple exam and office rooms, plus a full basement with rear exterior access.
Where is this medical office space located?
The property is located at 508 Lakehurst Road Unit 201 Toms River, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Year built 2005 medical office suite in Winding River Medical Park (Toms River); Includes 7 exam rooms, 2 private offices, reception staff office area, reception area, and waiting room; Two bathrooms plus staff break room and storage closets
