First-Floor Office
For Sale
$225,000
Pending
780 Commons Way, Toms River, NJ 08755
Commercial Sale, Toms River, NJ
Property Size920 SF
Lot Size0.02 Acres
Days on Market102
Property Features for 780 Commons Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Condo
Parking features
Parking Lot
Interior features
Handicapped
Basement
Crawl Space
Accessibility
Accessible Approach with Ramp
Directions
Route 37 just west of the hospital. Rear building letter (I)
Subdivision
Toms River
Standard status
Pending
APN
08-00409-0000-00018-0000-C0780
Size
920 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3505
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Listing Agency:
ERA/ American Towne Realty · ERA Real Estate
(732) 255-7000
Listed By:
Linda Stoll · License #8433773
(732) 255-7000
Added: May 12
Changed: Aug 19
Last Checked: Aug 21 at 10:06PM
MLS# 22613795
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 first-floor office condo is designed for client-facing use and includes a waiting room, three offices, two bathrooms, and a kitchen. One office also features a separate entrance, which can support flexible client flow. The space is handicap accessible with an accessible approach ramp and includes forced-air heating and central air cooling. Interior finishes have been freshly painted, and there is ample storage closet space.
The unit is located at 780 Commons Way in Toms River, NJ, and offers parking in a parking lot setting. The property is served by public water and public sewer.
Built in 1986, this office layout totals 920 square feet and includes accessible interior features, making it suitable for professional office users seeking a compact, functional space.
The unit is located at 780 Commons Way in Toms River, NJ, and offers parking in a parking lot setting. The property is served by public water and public sewer.
Built in 1986, this office layout totals 920 square feet and includes accessible interior features, making it suitable for professional office users seeking a compact, functional space.
Key Highlights
- 920 SF first‑floor office condo layout with waiting room, three offices, kitchen, and two bathrooms
- One office has a separate entrance for additional client access
- Handicap accessible with ramped accessible approach
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
$14,076
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
6.26%
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%
$281,520
$281.5K
Cap Rate 7%
$201,086
$201.1K
Cap Rate 9%
$156,400
$156.4K
Market Conditions
NOI Build-Up for 920 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
$27.6K $30.00/SF
− Vacancy
−$8.8K −$9.60/SF
EGI
$18.8K $20.40/SF
− OpEx
−$4.7K −$5.10/SF
NOI
$14.1K $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%
$281,520
Cap Rate 7%
$201,086
Cap Rate 9%
$156,400
Alternative Uses
Best Use
Office B
$201.1K
$176.0K – $234.6K
NOI $14,076 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$240.2K
$210.2K – $280.3K
NOI $16,816 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,169
Businesses Nearby
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
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 units - Handicap accessible first-floor office condo with waiting room, three offices, kitchen, and two bathrooms.
Where is this office units located?
The property is located at 780 Commons Way Toms River, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 920 SF first‑floor office condo layout with waiting room, three offices, kitchen, and two bathrooms; One office has a separate entrance for additional client access; Handicap accessible with ramped accessible approach
