Second Floor Office
890 Commons Way #890 Toms River, NJ 08755
890 Commons Way #890, Toms River, NJ, 08755
$195,000
For Sale
$195,000
920 sq ft office space available for sale.
Property Size920 SF
Price / SF$211.96
Days on Market99
Property Features for 890 Commons Way #890
General Information
- Standard status
- Active
- Size
- 920 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1986
Listing Agency
PREFERRED PROPERTIES REAL ESTATE
(732) 531-5900
Listed by
KAREN GERSHENBAUM · License #0345258
Source
Corcoran
Added: Apr 10 Checked: Jul 17 at 3:52 am
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 PREFERRED PROPERTIES REAL ESTATE
Investment Insights
Based on property information with market context.
This is a 920 square foot office space located on the second floor. The property is not handicap accessible due to the absence of an elevator. The Home Owners Association fee is $529.10 monthly. This space is suitable for a non-medical office.
Key Highlights
- Low Taxes
- 920 sq feet of office space
- Suitable for non‑medical office use
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.6k | $30.00 |
| − Vacancy | −$8.8k | −$9.60 |
| EGI | $18.8k | $20.40 |
| − OpEx | −$4.7k | −$5.10 |
| NOI | $14.1k | $15.30 |
920 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$201.1K
$176.0K – $234.6K
NOI $14,076 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$240.2K
$210.2K – $280.3K
NOI $16,816 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tyler Beaulieu - Realtor
Real Estate Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - 920 sq ft office space available for sale.
Where is this office units located?
The property is located at 890 Commons Way #890 Toms River, NJ.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Low Taxes; 920 sq feet of office space; Suitable for non‑medical office use
