Medical Office With Exam
For Sale
$599,900
508 Lakehurst Road, Toms River, NJ 08755
Commercial Sale, Toms River, NJ
Property Size2,500 SF
Lot Size0.06 Acres
Price / SF$239.96
Days on Market93
Property Features for 508 Lakehurst Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning description
Professional, Commercial
Rooms
Basement
Parking features
Open, Parking Lot
Basement
Full
Directions
Lakehurst Road
Standard status
Active
APN
08-00536-0000-00001-0000-C0201
Size
2,500 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13127
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2005
Floors in Building
1
Listing Agency:
RE/MAX Gateway
(732) 695-1600
Listed By:
Robert N Lange · License #1329516
(732) 300-4307
Added: Jul 6
Changed: Oct 2
Last Checked: Oct 6 at 5:06PM
MLS# 22620444
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.
Investment Insights
Based on property information with market context.
This 2,500-square-foot medical office property in Winding River Medical Park was built in 2005 and most recently operated as a doctor's office. The layout includes 7 exam rooms, 2 private offices, a reception area, workspace for reception staff, a waiting room, 2 bathrooms, a staff break room, and storage closets. A full basement with rear exterior access provides additional space and storage.
The property includes open parking in a dedicated parking lot and is served by public water and public sewer. Forced-air heating supports the building, while surrounding established businesses and proximity to Community Medical Center add to its medical-office setting.
The property includes open parking in a dedicated parking lot and is served by public water and public sewer. Forced-air heating supports the building, while surrounding established businesses and proximity to Community Medical Center add to its medical-office setting.
Key Highlights
- 2,500 square feet of medical office space
- 7 exam rooms and 2 private offices
- Full basement with rear exterior access
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.
Property Analytics
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Current Use
Lease Details
1
Office units
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 - Established medical complex with reception areas, private offices, parking, and basement storage.
Where is this medical office space located?
The property is located at 508 Lakehurst Road 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 feet of medical office space; 7 exam rooms and 2 private offices; Full basement with rear exterior access
