Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3-6 Water St Toms River, NJ 08753
    Back to Search
    Property profile & analytics

    3-6 Water St, Toms River, NJ 08753

    View on Map
    • Office Spaces
    • 5,980 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 3-6 Water St

    Property type
    Office Spaces

    Description

    This exceptional 5,980 square foot office building, located in the heart of Toms River's Village Business District, presents a unique opportunity for businesses seeking a prominent location. The property, situated at 32-36 West Water Street, offers a single-story building with four suites, currently entirely vacant and available for lease. The flexible layout allows for multiple tenancy options, with minimum divisible space of 950 square feet and the potential to lease the entire 5,980 square feet contiguously. Individual suite sizes include approximately 1150, 950, 1600, and 2280 square feet (exact dimensions available upon request). The building is zoned VB - Village Business, providing ample flexibility for various professional uses. Conveniently located near GSP Entrance 81 and the Toms River bus station, this property benefits from excellent accessibility and proximity to numerous amenities, including restaurants, banking facilities, and ample public parking within a one-block radius. The lease rate is $15 per square foot, plus $8 per square foot for common area maintenance (CAM) and real estate taxes. Utilities are included in the rent. A large free public parking lot is situated to the rear and west of the building, ensuring convenient parking for tenants and clients. Flexible lease terms are available to qualified tenants. The property's Ocean County location, within the Ocean County submarket, offers a strong business environment. The APN is 08-00569-0000-00009.

    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
    -74.1999
    Latitude
    39.9525

    Comparable in this City

    • Value Estimation by Request
      2,809 SF

      780 Route 37

      Medical Office Space
      780 Route 37, Toms River, NJ 08753
      View Details
    • Value Estimation by Request
      72,835 SF

      1055 Hooper Ave

      Medical Office Space
      1055 Hooper Ave, Toms River, NJ 08753
      View Details
    • Value Estimation by Request
      5,740 SF

      25 Nj-37

      Office Spaces
      25 Nj-37, Toms River, NJ 08753
      View Details
    • Value Estimation by Request
      2,970 SF

      1721 Rte 37th E

      OFFICE BUILDING
      1721 Rte 37th E, Toms River, NJ 08753-8239
      View Details
    • Value Estimation by Request
      101,166 SF

      635 Bay Avenue & Hooper Ave

      Land
      635 Bay Avenue & Hooper Ave, Toms River, NJ 08753
      View Details
    • Value Estimation by Request
      200,000 SF

      1 Nj-37

      Restaurants
      1 Nj-37, Toms River, NJ 08753
      View Details

    Similar Nearby for Sale

    • $470,000
      1,860 SF

      Mixed-Use Property with Parking

      Mixed-use property featuring office/commercial space and residential living.
      513 Fischer Blvd, Toms River, NJ 08753
      View Details
    • $460,000
      1,860 SF

      Mixed-Use Property in Toms River

      Mixed-use property with office and residential space in Toms River.
      513 Fischer Blvd, Toms River, NJ 08753
      View Details
    • Contact for pricing
      4,125 SF

      Furnished Office Space Available

      Furnished office space with ample parking in a prime location.
      506 Hooper Ave, Toms River, NJ 08753
      View Details
    • $2,399,000
      8,280 SF

      Toms River Commercial Investment Opportunity

      Leased to Ocean County, net lease, steady income.
      206 Court House Ln, Toms River, NJ 08753
      View Details
    • $1,195,000
      1,392 SF

      Downtown Toms River Commercial Building

      Three-level office building on 0.87 acre lot in Toms River.
      122 Lien St, Toms River, NJ 08753
      View Details
    • New
      $599,000
      2,400 SF

      Toms River Commercial Opportunity

      Move-in ready commercial space in Toms River, NJ.
      557 Fischer Blvd, Toms River, NJ 08753
      View Details

    Similar Nearby for Lease

    • 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
    • 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
    • Contact for pricing
      Pending

      Class A Office Space

      Premier office building in Ocean County with large floor plates.
      1433 Hooper Ave, Toms River, NJ 08753
      View Details
    • Contact for pricing
      116,030 SF

      Class A Office Building

      Premier office building in Ocean County with large floor plates.
      1433 Hooper Ave, Toms River, NJ 08753
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces with various options and amenities.
      1400 Hooper Ave, Toms River, NJ 08753
      View Details
    • Contact for pricing
      Pending

      Retail/Office Space in Rands Plaza

      Flexible retail/office space with high visibility in Toms River.
      1847 Hooper Ave, Toms River, NJ 08753
      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.
    3-6 Water St
    Toms River, NJ 08753
    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
    3-6 Water St, 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!