Second-Floor Office
For Sale
$195,000
Pending
890 Commons Way #890, Toms River, NJ 08755
A non-medical office suite occupies the building’s upper level and is reached by stairs.
Property Size920 SF
Days on Market207
Property Features for 890 Commons Way #890
General Information
Standard status
Pending
Size
920 SF
Elevators
No
Property subtype
Office
Additional Details
Floor
2
HOA Fee
$529.10
Property Use
Office
Building Details
Year Built
1986
Listing Agency:
Preferred Properties Real Estate
Listed By:
Karen Gershenbaum · License #0345258
(732) 531-5900
Source:
Defelicerealtygroup
Added: Apr 10
Changed: Oct 31
Last Checked: Oct 31 at 3:21AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 920-square-foot office unit is located on the second floor of a building constructed in 1986. Access is by stairs; there is no elevator, and the space is not handicap accessible. The property is suited to office use other than medical practice.
Key Highlights
- 920‑square‑foot second‑floor office unit
- No elevator; access is by stairs
- Built in 1986
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,076
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
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
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 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 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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A non-medical office suite occupies the building’s upper level and is reached by stairs.
Where is this office unit 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: 920‑square‑foot second‑floor office unit; No elevator; access is by stairs; Built in 1986
