Mixed-Use Property with Office
For Sale
$440,000
Pending
513 Fischer Boulevard, Toms River, NJ 08753
Commercial Sale, Toms River, NJ
Property Size1,860 SF
Lot Size0.11 Acres
Days on Market140
Property Features for 513 Fischer Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Parking Lot
Directions
see map
Standard status
Pending
APN
08-01079-02-00010
Size
1,860 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5088
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Well
Building Details
Floors in Building
2
Listing Agency:
Keypoint Realty LLC
(732) 534-5300
Listed By:
Yosef Beane · License #344874
(732) 534-5300
Added: Apr 5
Changed: Aug 19
Last Checked: Aug 22 at 3:06AM
MLS# 22609081
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 mixed-use property contains 1,860 square feet of office and commercial space alongside a distinct residential section. The layout includes office areas and open workspaces, creating a combination of business and living areas within one building. A large on-site parking lot serves the property, while forced-air heating supports the interior. The parcel encompasses 0.11 acres and is served by public sewer and a well. The property is being sold as-is, with the purchaser responsible for due diligence and CO requirements.
Key Highlights
- 1,860‑square‑foot mixed‑use property with office, commercial, and residential areas
- Separate residential section within the property
- Office areas and open workspaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,458
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,160
$569.2K
Cap Rate 7%
$406,543
$406.5K
Cap Rate 9%
$316,200
$316.2K
Market Conditions
NOI Build-Up for 1,860 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$55.8K $30.00/SF
− Vacancy
−$17.9K −$9.60/SF
EGI
$37.9K $20.40/SF
− OpEx
−$9.5K −$5.10/SF
NOI
$28.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$569,160
Cap Rate 7%
$406,543
Cap Rate 9%
$316,200
Alternative Uses
Best Use
Office B
$406.5K
$355.7K – $474.3K
NOI $28,458 @ 7.0% cap · market cap 6.47%
Second Best
Mixed Use
$306.9K
$268.5K – $358.1K
NOI $21,483 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$485.7K
$425.0K – $566.6K
NOI $33,998 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
265
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes separate residential living area, commercial workspace, and on-site parking.
Where is this mixed-use property located?
The property is located at 513 Fischer Boulevard Toms River, NJ.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1,860‑square‑foot mixed‑use property with office, commercial, and residential areas; Separate residential section within the property; Office areas and open workspaces
