Building Details

Building Size 2,500 SF

Year Built 2005

Stories 1

Listing Agency: RE/MAX Gateway g***@gmail.com

Listed By: Robert N Lange · License #1329516 Show Phone

Source: Cammarotarealestate

Added: Jul 6 Changed: Oct 22 Last Checked: Oct 22 at 2:32PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 2,500-square-foot medical office suite includes seven exam rooms, two private offices, a reception area with space for reception staff, a waiting room, and two bathrooms. Additional features include a staff break room, storage closets, and a full basement with rear exterior access. The space previously operated as a doctor’s office. The building was constructed in 2005 and is zoned Commercial, Professional.

The suite is in Winding River Medical Park at 508 Lakehurst Road in Toms River, with proximity to Community Medical Center. Parking is available at the complex, which also has established businesses in the surrounding area.

Key Highlights

• 2,500‑square‑foot medical office suite
• Seven exam rooms and two private offices
• Reception area, staff workspace, and waiting room

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

Is this asking price fair?

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 (±1% cap)

NOI $38,250 @ 7.0% cap · market cap 6.38%

Second Best

Healthcare Medical

$531.8K

$465.3K – $620.4K (±1% cap)

NOI $37,224 @ 7.0% cap · market cap 6.21%

Theoretical Best

Office A

$652.8K

$571.2K – $761.6K (±1% cap)

NOI $45,696 @ 7.0% cap · market cap 7.62%

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

vinay sikand Physician Dover Dental Center Dental Office Depalma John DO Physician Dover Pulmonologists Medical Clinic Dr. Sadia Ghafoor, ... Physician

Suggested Use

Top Pick Real Estate Agency Hair Salon Auto Repair Shop Nail Salon Building Supply Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Waterfront Medical Office

751 Fischer Boulevard, Toms River, NJ 08753

$599,000

2,000 SF

View details

Two-Story Medical Office Space

151 NJ-37, Toms River, NJ 08755

$824,999

3,180 SF

View details

End-Unit Medical Office Condo

1163 NJ 37, Toms River, NJ 08755

$265,000

1,352 SF

View details

Mixed-Use Property with Apartment

1273 Church Road, Toms River, NJ 08755

$1,700,000

4,860 SF

View details

Medical Office End Unit

25 Mule Road #B10, Toms River, NJ 08755

$239,900

1,100 SF

View details

Professional Office Suite

222 Commons Way, Toms River, NJ 08755

$220,000

920 SF

View details

Landmark Commercial Building in Downtown

44 Washington St Unit 102, Toms River, NJ 08753

$3,999,000

20,000 SF

View details

Second-Floor Office Unit

324 Commons Way, Toms River, NJ 08755

$220,000

8.41 Acres

View details

Second-Floor Office Unit

332 Commons Way, Toms River, NJ 08755

$220,000

0.02 Acres

View details

Four-Bay Auto Shop

36 Irons Street, Toms River, NJ 08753

$1,150,000

2,468 SF

View details

Renovated Mixed-Use Property

3103 Veeder Avenue, Toms River, NJ 08753

$1,099,000

2,432 SF

View details

Downtown Storefront with Storage

43 Main Street, Toms River, NJ 08753

$650,000

3,276 SF

View details

Similar Off Market Nearby

• PriorityVet - Pet Urgent Care of Toms River , NJ — 226 NJ-37, Toms River, NJ 08755

Frequently Asked Questions

What type of property is this?

Medical Office Space - Clinical rooms, reception areas, and a separate basement provide distinct patient, staff, and storage spaces.

Where is this medical office space located?

The property is located at 508 Lakehurst Road #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: 2,500‑square‑foot medical office suite; Seven exam rooms and two private offices; Reception area, staff workspace, and waiting room