Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Office Building on Route Title is generated by Realmo AI

    17 Route 37 East, Toms River, NJ 08753

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available in a freestanding building on Route 37.

    Type:Office
    Property size:
    2,714 SF
    Added:
    Apr 23, 2021
    Days on Market:
    1851
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 17 Route 37 East

    General Information

    Standard status
    Active
    Size
    2,714 SF
    Property subtype
    Office

    Building Details

    Year Built
    1950

    Spaces For Lease

    at 17 Route 37 East Contact us

    We can help!

    Listing Contact
    Mark Kotzas
    Mark Kotzas

    Listing agent Mark Kotzas License #NJ 7800664

    Listing office Crossroads Realty Toms River

    Listing date Apr 23, 2021

    Source Crexi

    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 Crossroads Realty Toms River

    HighLights

    • Excellent location on Route 37 East, near the Route 166 intersection.
    • +/- 2,714 square feet of space in a free‑standing building.
    • HB/Highway Business zoning allows for many different uses.
    • Modified Gross lease; CAM & Real Estate Taxes included in rent.
    • Flexible lease terms available to qualified tenants.
    • Free standing building.

    Overview

    This freestanding building offers approximately 2,714 square feet of office space. The property is zoned HB/Highway Business, which allows for a variety of uses. The lease rate is modified gross, with the tenant responsible for their own utilities. CAM and real estate taxes are included in the rent. The property is situated in an excellent location on Route 37 East, just east of the Route 166 (Main Street) intersection on the eastbound side. Flexible lease terms are available to qualified tenants. Please note that the building is not handicap accessible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Law Firm Dental Office Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -74.198671
    Latitude
    39.963198

    Nearby Similar for Lease

    • $2,400/Mo
      4,800 SF

      Toms River Commercial Space

      First floor office and retail space in Toms River.
      2494 Moore Road, Toms River, NJ 08753
      View Details
    • $10,000/Mo
      1,196 SF

      Route 9 Commercial Property

      Commercial property on Route 9 available for lease.
      2023 Lakewood Road, Toms River, NJ 08755
      View Details
    • Contact for pricing
      3,100 SF

      Renovated Office/Retail Space Available

      Prime Toms River location with flexible configuration and drive-thru.
      24 Main Street, Toms River, NJ 08753
      View Details
    • Contact for pricing
      57,830 SF

      Retail Space in Silverton Plaza

      Retail spaces for lease in high-traffic Silverton Plaza.
      1769 Hooper Avenue, Toms River, NJ 08753
      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 Avenue, Toms River, NJ 08753
      View Details
    • Contact for pricing
      5,740 SF

      Toms River Professional Office Campus

      Flexible workspace solutions in the heart of Toms River, New Jersey.
      25 Route 37 E, Toms River, NJ 08753
      View Details
    • Contact for pricing
      43,223 SF

      Mixed-Use Complex in Toms River

      Multi-tenant office/retail complex in a 55+ community.
      600 Mule Road, Toms River, NJ 08757
      View Details
    • Contact for pricing
      9,744 SF

      Elevatored Professional Building Suite

      Professional building suite suitable for medical or non-medical tenants.
      388 Lakehurst Road, Toms River, NJ 08755
      View Details
    • Contact for pricing
      7,308 SF

      Toms River Medical/Professional Space

      Elevatored professional building near hospital, suitable for medical/non-medical tenants.
      388 Lakehurst Road, Toms River, NJ 08755
      View Details
    • Contact for pricing
      2,000 SF

      Toms River Office Space

      Professional office space for lease in Toms River, NJ.
      10 Allen Street, Toms River, NJ 08753
      View Details
    • Contact for pricing
      4,818 SF

      Toms River Office Space

      Professional office space for lease in Toms River, NJ.
      1466 Hooper Avenue, Toms River, NJ 08753
      View Details
    • Contact for pricing
      3,052 SF

      Toms River Commercial Space

      Commercial space suitable for medical or office use in Toms River.
      618 Main Street, Toms River, NJ 08753
      View Details

    FAQs

    What type of property is this?
    Office building - Office space available in a freestanding building on Route 37.
    Where is this office building located?
    The property is located at 17 Route 37 East Toms River, NJ.
    What are key features of this property?
    This property features: Excellent location on Route 37 East, near the Route 166 intersection.; +/- 2,714 square feet of space in a free‑standing building.; HB/Highway Business zoning allows for many different uses.
    (732) 244-4900 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Kotzas
    Mark Kotzas
    Real Estate License ID: NJ 7800664
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    17 Route 37 East, Toms River, NJ 08753
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!