Waterfront Office
For Sale
$610,000
751 Fischer Boulevard, Toms River, NJ 08753
Two-level commercial office property with private entrances, flexible work areas, and water views from nearly every room.
Property Size2,000 SF
Price / SF$305
Days on Market49
Property Features for 751 Fischer Boulevard
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
15
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$8,793
Amenities
water views
kitchenette
laundry
Central Air
3
Tile, Other
Asphalt
Parking.
15 Parking Spaces. On Site, Open Parking.
8788
Sidewalks.
Building Details
Year Built
1980
Buildings
1
Stories
2
Listing Agency:
(201) 420-7393
Listed By:
Corcoran Sawyer Smith
(201) 420-7393
Source:
Xome
Added: Jun 29
Changed: Aug 12
Last Checked: Aug 16 at 3:14AM
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 Corcoran Sawyer Smith
Investment Insights
Based on property information with market context.
This 2,000-square-foot office building, constructed in 1980, offers a two-level configuration with separate access points and waterfront exposure. The first floor includes a reception area, lobby, private offices, and rooms fitted with cabinetry and sinks, supporting medical, professional, or general office use. A second-floor suite adds a reception and waiting area, kitchenette, full bathroom, laundry, storage, open workspace, and a private office.
The property sits on a paved double lot with commercial zoning and 15 on-site parking spaces. Central air, tile flooring, two-zone utilities, commercial-grade siding, sidewalks, and water views from nearly every room add to the existing improvements. The building is located at 751 Fischer Boulevard in Toms River, with access to Route 37 and Hooper Avenue.
The property sits on a paved double lot with commercial zoning and 15 on-site parking spaces. Central air, tile flooring, two-zone utilities, commercial-grade siding, sidewalks, and water views from nearly every room add to the existing improvements. The building is located at 751 Fischer Boulevard in Toms River, with access to Route 37 and Hooper Avenue.
Key Highlights
- Waterfront office building with water views from nearly every room
- 2,000 SF building on a paved double lot
- Two‑level layout with separate private entrances
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
$30,600
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
5.02%
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%
$612,000
$612.0K
Cap Rate 7%
$437,143
$437.1K
Cap Rate 9%
$340,000
$340.0K
Market Conditions
NOI Build-Up for 2,000 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
$60.0K $30.00/SF
− Vacancy
−$19.2K −$9.60/SF
EGI
$40.8K $20.40/SF
− OpEx
−$10.2K −$5.10/SF
NOI
$30.6K $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%
$612,000
Cap Rate 7%
$437,143
Cap Rate 9%
$340,000
Alternative Uses
Best Use
Office B
$437.1K
$382.5K – $510.0K
NOI $30,600 @ 7.0% cap · market cap 5.02%
Second Best
Healthcare Medical
$425.4K
$372.2K – $496.3K
NOI $29,779 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 5.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
217
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?
Office building - Two-level commercial office property with private entrances, flexible work areas, and water views from nearly every room.
Where is this office building located?
The property is located at 751 Fischer Boulevard Toms River, NJ.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Waterfront office building with water views from nearly every room; 2,000 SF building on a paved double lot; Two‑level layout with separate private entrances
