Three-Unit Warehouse
For Sale
Contact for pricing
71 Irons St, Toms River, NJ 08753
Three warehouse buildings totaling 13,500 SF sit on a 2.37-acre lot with mostly paved parking.
Property Size13,500 SF
Lot Size2.37 Acres
Price / SF$259.26
Days on Market53
Property Features for 71 Irons St
General Information
Standard status
Active
Size
13,500 SF
Lot size
2.37 Acres
Property subtype
INDUSTRIAL
Zoning
VB
Listing Agency:
The Blau & Berg Company
(973) 379-6644
Listed By:
Jason M. Crimmins
(973) 568-6611
Source:
Moodyscre
Added: Jul 23
Changed: Aug 14
Last Checked: Sep 12 at 10:08AM
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 The Blau & Berg Company
Investment Insights
Based on property information with market context.
This property consists of three warehouse buildings: Building 1 offers approximately 5,000 SF, Building 2 offers approximately 2,800 SF, and Building 3 offers approximately 5,700 SF. The site includes mostly paved asphalt parking and is situated on a 2.37-acre lot.
Zoned VB – Village Business, the property is positioned for a variety of village business uses. Taxes for 2025 are listed at $42,824.78.
For buyers seeking a multi-building warehouse configuration within a single site, this offering provides separate building sizes under one ownership with established on-site parking.
Zoned VB – Village Business, the property is positioned for a variety of village business uses. Taxes for 2025 are listed at $42,824.78.
For buyers seeking a multi-building warehouse configuration within a single site, this offering provides separate building sizes under one ownership with established on-site parking.
Key Highlights
- Three warehouse buildings totaling 13,500 SF
- 2.37‑acre lot (Block 566.02, Lot 6)
- Zoned VB – Village Business
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
$183,997
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
5.26%
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%
$3,679,940
$3.7M
Cap Rate 7%
$2,628,529
$2.6M
Cap Rate 9%
$2,044,411
$2.0M
Market Conditions
NOI Build-Up for 13,500 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
$230.0K $17.04/SF
− Vacancy
−$13.6K −$1.01/SF
EGI
$216.5K $16.03/SF
− OpEx
−$32.5K −$2.41/SF
NOI
$184.0K $13.63/SF
Area
Ocean County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
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%
$3,679,940
Cap Rate 7%
$2,628,529
Cap Rate 9%
$2,044,411
Alternative Uses
Best Use
Warehouse
$2.63M
$2.30M – $3.07M
NOI $183,997 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.53M
$3.08M – $4.11M
NOI $246,758 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,538
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- de Rouville's Boat Shop — 69 Flint Rd, South Toms River, NJ 08757
- The Storage Mall - South Toms River — 29 Flint Rd, South Toms River, NJ 08757
Frequently Asked Questions
What type of property is this?
Warehouse - Three warehouse buildings totaling 13,500 SF sit on a 2.37-acre lot with mostly paved parking.
Where is this warehouse located?
The property is located at 71 Irons St Toms River, NJ.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Three warehouse buildings totaling 13,500 SF; 2.37‑acre lot (Block 566.02, Lot 6); Zoned VB – Village Business
