HB-Zoned Medical Office
For Sale
$599,000
Pending
557 Fischer Boulevard, Toms River, NJ 08753
Commercial Sale, Toms River, NJ
Property Size2,400 SF
Lot Size0.24 Acres
Days on Market107
Property Features for 557 Fischer Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Professional, General Highway, Commercial
Rooms
Basement
Parking features
Parking Lot, RV, Covered
Security features
Security System
Exterior features
Display Window, Lighting
Directions
Route 37 to Fischer to location
Subdivision
East Dover
Standard status
Pending
APN
08-01079-06-00019
Size
2,400 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10552
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Concrete
Building materials
Asphalt, Stucco
Roof type
Asphalt
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
(732) 797-9001
Listed By:
Patric Dambroski · License #0559180
(732) 797-9001
Added: May 19
Changed: Aug 29
Last Checked: Sep 2 at 2:06AM
MLS# 22614760
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.
Located at 557 Fischer Boulevard in Toms River, this 2,400-square-foot property on 0.24 acres is configured as a medical and professional office. The building dates to 1960 and includes a basement, concrete flooring, display windows, lighting, forced-air heat, and central air conditioning. Asphalt and stucco construction, an asphalt roof, and public water and sewer complete the core improvements.
The property is situated within the HB zone, which supports a range of stated uses including medical and professional office, retail, professional services, personal services, and financial institutions. On-site parking is provided through a parking lot with covered and RV parking features. The address is in Toms River, NJ 08753, within Ocean County.
The property is situated within the HB zone, which supports a range of stated uses including medical and professional office, retail, professional services, personal services, and financial institutions. On-site parking is provided through a parking lot with covered and RV parking features. The address is in Toms River, NJ 08753, within Ocean County.
Key Highlights
- 2,400‑square‑foot medical and professional office on 0.24 acres
- HB zoning supports medical office, retail, professional services, personal services, and financial institutions
- Public water and public sewer serve the property
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
$36,720
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
6.13%
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%
$734,400
$734.4K
Cap Rate 7%
$524,571
$524.6K
Cap Rate 9%
$408,000
$408.0K
Market Conditions
NOI Build-Up for 2,400 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
$72.0K $30.00/SF
− Vacancy
−$23.0K −$9.60/SF
EGI
$49.0K $20.40/SF
− OpEx
−$12.2K −$5.10/SF
NOI
$36.7K $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%
$734,400
Cap Rate 7%
$524,571
Cap Rate 9%
$408,000
Alternative Uses
Best Use
Office B
$524.6K
$459.0K – $612.0K
NOI $36,720 @ 7.0% cap · market cap 6.13%
Second Best
Healthcare Medical
$510.5K
$446.7K – $595.6K
NOI $35,735 @ 7.0% cap · market cap 5.97%
Theoretical Best
Office A
$626.7K
$548.4K – $731.1K
NOI $43,868 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
275
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Existing professional layout with public utilities, central air, and on-site parking.
Where is this medical office space located?
The property is located at 557 Fischer Boulevard Toms River, NJ.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 2,400‑square‑foot medical and professional office on 0.24 acres; HB zoning supports medical office, retail, professional services, personal services, and financial institutions; Public water and public sewer serve the property
