Oversized Lot Near Jersey
For Sale
$400,000
707 Parkside Avenue, Toms River, NJ 08753
Land/Lots, Toms River, NJ
Property Size1,133 SF
Lot Size0.28 Acres
Price / SF$353.05
Days on Market120
Property Features for 707 Parkside Avenue
General Information
Property type
Land
Property subtype
Other
Zoning description
Residential, Neighborhood
Lot features
Subdividable
Directions
Rt 37 East to RT on Garfield to Lt on Morris and quick Lt on Parkside
Subdivision
Gilford Park
Standard status
Active
APN
08-00837-0000-00027
Size
1,133 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4742
Building Details
Additional Structures
Residence
Listing Agency:
RE/MAX at Barnegat Bay
(732) 473-1700
Listed By:
Pamela A Volek · License #9693384
(732) 829-0077
Added: May 17
Changed: Sep 3
Last Checked: Sep 13 at 6:06PM
MLS# 22614547
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 0.28-acre property, measuring 80 x 150, presents an opportunity near the Jersey Shore. Located in close proximity to the Seaside boardwalk, beaches, restaurants, shopping, marinas, and waterfront dining, the site offers access to boardwalk attractions, fishing, boating, kayaking, waterfront concerts, and mini golf. According to the seller, discussions with the town suggested the lot may be subdividable, presenting possibilities for builders, investors, or those looking to create a coastal retreat.
Key Highlights
- Oversized 80 x 150 property at the Jersey Shore
- Potential for subdivision (per seller's communication with the town)
- Close proximity to Seaside boardwalk and beaches
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
$17,423
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
4.36%
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%
$348,460
$348.5K
Cap Rate 7%
$248,900
$248.9K
Cap Rate 9%
$193,589
$193.6K
Market Conditions
NOI Build-Up for 1,133 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
$34.0K $30.00/SF
− Vacancy
−$2.3K −$2.04/SF
EGI
$31.7K $27.96/SF
− OpEx
−$14.3K −$12.58/SF
NOI
$17.4K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
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%
$348,460
Cap Rate 7%
$248,900
Cap Rate 9%
$193,589
Alternative Uses
Best Use
Apartment 5plus
$248.9K
$217.8K – $290.4K
NOI $17,423 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.8K
$258.9K – $345.2K
NOI $20,709 @ 7.0% cap · market cap 5.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
302
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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Large lot with potential near beaches, boardwalk, and dining.
Where is this residential land & home lot located?
The property is located at 707 Parkside Avenue Toms River, NJ.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Oversized 80 x 150 property at the Jersey Shore; Potential for subdivision (per seller's communication with the town); Close proximity to Seaside boardwalk and beaches
