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    25 Route 37 Toms River, NJ 08753

    Sponsored
    For Sale
    $3,250,000

    Three-building office complex, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents three office buildings totaling approximately 9,954 square feet situated on a 0.832-acre lot at 25, 21, and 17 Route 37 East in Toms River, New Jersey. The main building, located at 25 Route 37 East, boasts 5,740 square feet across two stories, featuring private offices, spacious work areas, and a conference/training room. While not handicap accessible, this building will be delivered vacant. Two additional buildings, 21 and 17 Route 37 East, are currently under short-term leases. Building 21, at approximately 1,500 square feet, is a two-story structure with basement storage and first-floor handicap accessibility. Building 17 offers approximately 2,714 square feet with separate entrances for each floor. All three buildings are being sold as a package. This prime location offers 296 feet of frontage on Route 37 East, just one-eighth of a mile from the Garden State Parkway, exit 82, making it the first office building just off the Parkway. The property is zoned HB - Highway Business and includes approved plans for a future three-story, approximately 12,000 square foot building. The property was built in 1977 and has been owned for nearly 50 years, representing a rare opportunity for ownership. The Ocean County location, with its APN 08-00611-0000-00020, offers significant potential for growth and return on investment. The asking price for this entire portfolio is $3,250,000.

    Property Features for 25 Route 37

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    36,242 SF

    Building Details

    Year Built
    1977
    Buildings
    3
    Stories
    2
    Units
    3

    HighLights

    • Generous 40,000 square foot lot with 296 feet of frontage on Route 37 East.
    • Excellent visibility and accessibility due to prime Route 37 East location.
    • Exceptional opportunity; first time on the market in nearly 50 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Law Firm Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -74.198509577458
    Latitude
    39.963639338739

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    FAQs

    What type of property is this?
    Office Property / Space - Three-building office complex, prime location.
    Where is this office property / space located?
    The property is located at 25 Route 37 Toms River, NJ.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: Generous 40,000 square foot lot with 296 feet of frontage on Route 37 East.; Excellent visibility and accessibility due to prime Route 37 East location.; Exceptional opportunity; first time on the market in nearly 50 years.
    (732) 244-4900
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    25 Route 37 Toms River, NJ 08753
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    Toms River, NJ 08753
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    Realmo Value Estimation

    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.

    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.

    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
    25 Route 37 Toms River, NJ 08753
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