Medical Office with Full
New
For Sale
Contact for pricing
7 HOSPITAL DRIVE, Toms River, NJ 08755
A wheelchair ramp, dedicated parking, and a multi-room clinical layout support medical or professional office operations.
Property Size2,450 SF
Price / SF$1.33
Days on Market4
Property Features for 7 HOSPITAL DRIVE
General Information
Standard status
Active
Size
2,450 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Highway Access
Yes
Property Use
Medical Office
Amenities
wheelchair ramp
kitchenette
Building Details
Year Built
1975
Buildings
1
Building Size
2,450 SF
Listing Agency:
Smires & Associates
(609) 259-1414
Listed By:
Salvatore Bua · License #1430436
(609) 439-8699
Source:
Cummingsrealtors
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:42PM
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 Smires & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding medical office contains approximately 2,450 square feet, including a full basement for additional storage or work area. The main floor has three exam rooms, two with private bathrooms, plus a private office, kitchenette, and reception and waiting space. A wheelchair ramp provides accessible entry. The building was constructed in 1975.
The property is near major highways and includes 10 dedicated on-site parking spaces. Its existing room configuration accommodates medical, healthcare, or professional office use.
The property is near major highways and includes 10 dedicated on-site parking spaces. Its existing room configuration accommodates medical, healthcare, or professional office use.
Key Highlights
- Approximately 2,450 square feet, including a full basement
- Three exam rooms; two have private bathrooms
- Main floor includes a private office, kitchenette, reception and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,480
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,600
$729.6K
Cap Rate 7%
$521,143
$521.1K
Cap Rate 9%
$405,333
$405.3K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$64.7K $26.40/SF
− Vacancy
−$3.9K −$1.58/SF
EGI
$60.8K $24.82/SF
− OpEx
−$24.3K −$9.93/SF
NOI
$36.5K $14.89/SF
Area
Ocean County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$729,600
Cap Rate 7%
$521,143
Cap Rate 9%
$405,333
Alternative Uses
Best Use
Office B
$535.5K
$468.6K – $624.8K
NOI $37,485 @ 7.0% cap · market cap 1,153.38%
Second Best
Healthcare Medical
$521.1K
$456.0K – $608.0K
NOI $36,480 @ 7.0% cap · market cap 1,122.46%
Theoretical Best
Office A
$639.7K
$559.8K – $746.4K
NOI $44,782 @ 7.0% cap · market cap 1,377.91%
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
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,290
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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 - A wheelchair ramp, dedicated parking, and a multi-room clinical layout support medical or professional office operations.
Where is this medical office space located?
The property is located at 7 HOSPITAL DRIVE Toms River, NJ.
What are key features of this property?
This property features: Approximately 2,450 square feet, including a full basement; Three exam rooms; two have private bathrooms; Main floor includes a private office, kitchenette, reception and waiting area
