Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    279 Nj-70 Toms River, NJ 08755
    Back to Search
    Property profile & analytics

    279 Nj-70 Toms River, NJ 08755

    View on Map
    • Office Spaces
    • 22,340 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 279 Nj-70

    Property size
    22,340 SF
    Property type
    Office Spaces
    Property subtype
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2473
    Latitude
    40.036

    Comparable in this City

    • Value Estimation by Request
      3,600 SF

      1889 Route 9

      Land • 3,600 SF
      1889 Route 9, Toms River, NJ 08755
      View Details
    • Value Estimation by Request
      20,460 SF

      277 Nj-70

      Lifestyle centers • 20,460 SF
      277 Nj-70, Toms River, NJ 08755
      View Details
    • Value Estimation by Request
      5,176 SF

      478 Lakehurst Rd

      Office Spaces • 5,176 SF
      478 Lakehurst Rd, Toms River, NJ 08755
      View Details
    • Value Estimation by Request
      3,897 SF

      601 Nj-37

      Medical Office Space • 3,897 SF
      601 Nj-37, Toms River, NJ 08755
      View Details
    • Value Estimation by Request
      920 SF

      552 Commons Way

      Medical Office Space • 920 SF
      552 Commons Way, Toms River, NJ 08755
      View Details
    • Value Estimation by Request
      1 SF

      Cor Of Rte 37 & Bimini Dr

      Land • 1 SF
      0 Cor Of Rte 37 & Bimini Dr, Toms River, NJ 08755
      View Details

    Similar Nearby for Sale

    • $650,000

      Prime Commercial Corner Lot

      1.06-acre corner lot on heavily trafficked Route 37.
      115 Saint Catherine Blvd, Toms River, NJ 08755
      View Details
    • $18,000,000

      Toms River Industrial Land Parcel

      22.7 acres of land in Toms River, NJ.
      1599 Route 9, Toms River, NJ 08755
      View Details
    • $18,000,000
      22.70 Acres

      Toms River Industrial Land Opportunity

      22.7 acres of approved land for self-storage, warehouse, and office.
      1599 Route 9, Toms River, NJ 08755
      View Details
    • $699,000
      Pending

      Renovated Corner Office Building

      Renovated office building in Toms River with high visibility.
      569 Lakehurst Rd, Toms River, NJ 08755
      View Details
    • $1,400,000

      Adaptable Commercial Space in Toms River

      Versatile space ideal for medical, dental, or professional use.
      151 Route 37 W, Toms River, NJ 08755
      View Details
    • $210,000
      920 SF

      Toms River Office Space

      920 sq ft office space in Toms River, NJ.
      890 Commons Way, Toms River, NJ 08755
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      920 SF

      Office Space in Commons Complex

      Office space featuring four rooms plus reception area for rent.
      890 Commons Way, Toms River, NJ 08755
      View Details
    • Contact for pricing

      Toms River Commercial Space

      Renovated office space with garage bays and ample parking.
      1390 Lakewood Rd, 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 Rd, Toms River, NJ 08755
      View Details
    • New
      Contact for pricing
      37,800 SF

      Toms River Office Space Available

      Second floor office space for lease in Toms River.
      200 Corporate Cir, Toms River, NJ 08755
      View Details
    • $4,900 /Mo
      2,450 SF

      Medical Space Near Community Hospital

      Medical office space available for lease near Community Medical Center.
      7 Hospital Dr, Toms River, NJ 08755
      View Details
    • New
      Contact for pricing
      15,996 SF

      Toms River Professional Office Space

      Professional office space available for lease in Toms River, NJ.
      1268 Route 37 W, Toms River, NJ 08755
      View Details
    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.
    279 Nj-70
    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
    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
    279 Nj-70, Toms River, NJ, 08755
    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!