Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    890 Commons Way, Unit 890 Toms River, NJ 08755

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,500 /Mo ($19 SF/Yr)

    Office space featuring four rooms plus reception area for rent.

    Property size:
    920 SF
    Lot size:
    0.02 Acres

    Property Features for 890 Commons Way

    General Information

    Standard status
    Active
    Size
    920 SF
    Lot size
    0.02 Acres

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Karen Gershenbaum
    Source: Corcoran

    Listing Agency: PREFERRED PROPERTIES REAL ESTATE Listing Agent: Karen Gershenbaum

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Office Space in Commons Complex

    This 920 square-foot office space is located in the Commons Complex. The layout includes four rooms and a reception area. The unit is situated on the second floor, making it unsuitable for medical office use. The office space includes a private bathroom. The tenant is responsible for gas and electric utilities. This property is intended for use as office space.
    Location Intelligence

    Current Use by Public Records

    Tyler Beaulieu - Realtor Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.218741
    Latitude
    39.96681

    Nearby Similar for Lease

    • New
      $10,000 /Mo
      1,196 SF

      Route 9 Commercial Property

      Commercial property on Route 9 available for lease.
      2023 Lakewood Rd, Toms River, NJ 08755
      View Details
    • $2,400 /Mo

      Toms River Commercial Space

      First floor office space suitable for various businesses.
      2494 Moore Rd, Toms River, NJ 08753
      View Details
    • $4,500 /Mo
      18,295 SF

      Prime Retail Space in Maple Shade

      Versatile retail building in central Maple Shade with ample parking.
      2 3Rd St, Maple Shade, NJ 08052
      View Details
    • Contact for pricing
      4,000 SF

      Medical Office Condo For Lease

      Turnkey medical office condo in Toms River's 'Medical Lane'.
      1314 Hooper Ave, Toms River, NJ 08753
      View Details
    • $4,900 /Mo
      2,450 SF

      Medical Space Near Community Hospital

      2,450 SF medical space next to Community Medical Center.
      7 Hospital Dr, Toms River, NJ 08755
      View Details
    • New
      Contact for pricing
      2,000 SF

      Toms River Office Space

      Professional office space for lease in Toms River, NJ.
      10 Allen St, Toms River, NJ 08753
      View Details
    • New
      $4,900 /Mo

      Medical/Professional Office Condo For Rent

      Well-positioned medical/professional office condo in Toms River, NJ.
      1163 Nj 37, Toms River, NJ 08753
      View Details
    • New
      Contact for pricing
      Pending

      Toms River Office Condo For Lease

      Spacious office condo with Toms River views, for lease.
      10 Allen St, Toms River, NJ 08753
      View Details
    • $2,500 /Mo
      1,174 SF

      Toms River Commercial Space

      Versatile commercial space ideal for office or professional use.
      918 Charles Dr, Toms River, NJ 08753
      View Details
    • New
      Contact for pricing
      16,553 SF

      Downtown Toms River Office Space

      Professional office space in the heart of downtown Toms River.
      34 Main St, Toms River, NJ 08753
      View Details
    • $1,700 /Mo
      289,674 SF

      Toms River Office Space

      First floor office space with utilities included in Toms River.
      511 Dover Rd Unit 1, Toms River, NJ 08757
      View Details
    • Contact for pricing
      37,800 SF

      Toms River Flex Space

      Flex space with drive-in access, small office, 16-foot ceilings.
      200 Corporate Cir, Toms River, NJ 08755
      View Details

    FAQs

    What type of property is this?
    Office units - Office space featuring four rooms plus reception area for rent.
    Where is this office units located?
    The property is located at 890 Commons Way, Unit 890 Toms River, NJ.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Inexpensive office space, perfect for startups or budget-conscious businesses.; - Four rooms plus a reception area provide a functional layout.; - Benefit from the convenience of a private bathroom.
    (732) 531-5900
    Request Owner's contact information
    890 Commons Way, Unit 890 Toms River, NJ 08755
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    890 Commons Way, Unit 890
    Toms River, NJ 08755
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    890 Commons Way, Unit 890 Toms River, NJ 08755
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Karen Gershenbaum
    (732) 531-5900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!