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    3324 Nj-37 Toms River, NJ 08753
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    Property profile & analytics

    3324 Nj-37 Toms River, NJ 08753

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    • Retail properties & Spaces
    • 31,800 SF
    • 2.13 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3324 Nj-37

    Lot size
    2.13 lot acres
    Property size
    31,800 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Mixed-use properties

    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
    -74.1182
    Latitude
    39.9501

    Comparable in this City

    • Value Estimation by Request
      85,000 SF

      860 Fischer Blvd

      Retail properties & Spaces • 85,000 SF
      860 Fischer Blvd, Toms River, NJ 08753
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    • Value Estimation by Request
      102,331 SF

      931-953 Fischer Blvd & Cattus Is Blvd

      Neighborhood centers • 102,331 SF
      931-953 Fischer Blvd & Cattus Is Blvd, Toms River, NJ 08753
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    • Value Estimation by Request
      225,000 SF

      166 At Gdn State Pkwy

      Retail properties & Spaces • 225,000 SF
      166 At Gdn State Pkwy, Toms River, NJ 08753
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    • Value Estimation by Request
      2,325 SF

      465 Nj-37

      Restaurants • 2,325 SF
      465 Nj-37, Toms River, NJ 08753
      View Details
    • Value Estimation by Request
      15,600 SF

      2850 Yorktowne Blvd

      Neighborhood centers • 15,600 SF
      2850 Yorktowne Blvd, Toms River, NJ 08753
      View Details
    • Value Estimation by Request
      101,166 SF

      635 Bay Avenue & Hooper Ave

      Land • 101,166 SF
      635 Bay Avenue & Hooper Ave, Toms River, NJ 08753
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Property in Toms River

      Mixed-use property available in Toms River, Ocean County, New Jersey.
      63 Main St, Toms River, NJ 08753
      View Details
    • $1,850,000
      5,854 SF

      Multi-Use Property in Toms River

      1.14 acres with gas station, shop, and residential structure.
      281 Route 37, Toms River, NJ 08753
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    • $1,800,000

      Retail Property with Laundromat Business

      Retail property for sale including laundromat business and ample parking.
      18 James St, Toms River, NJ 08753
      View Details
    • $650,000
      4,206 SF

      Downtown Toms River Commercial Building

      Prime commercial building in the heart of downtown Toms River.
      43 Main St, Toms River, NJ 08753
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    • $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
    • $159,900
      Pending

      Established Ice Cream Parlor For Sale

      Turnkey ice cream parlor in a well-known shopping mall.
      931 Fischer Blvd, Toms River, NJ 08753
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,750 SF

      Prime Retail Space Available

      Retail space for lease in high-traffic Toms River location.
      31-71 Highland Pkwy, Toms River, NJ 08753
      View Details
    • Contact for pricing
      6,933 SF

      Retail Space on Route 37

      Prime retail opportunity near Garden State Parkway and popular retailers.
      1 Nj-37, Toms River, NJ 08753
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    • Contact for pricing
      2,504 SF

      Retail Space Near Ocean County Mall

      Retail spaces available across from Ocean County Mall.
      1232 Hooper Ave, Toms River, NJ 08753
      View Details
    • Contact for pricing
      1,920 SF

      Retail Space on Route 37

      Retail space available in Toms River Mall on Route 37.
      1214 Route 37 E, Toms River, NJ 08753
      View Details
    • Contact for pricing
      3,375 SF

      Retail Space in Neighborhood Center

      Available retail space in a strong neighborhood shopping center.
      1358 Hooper Ave, Toms River, NJ 08753
      View Details
    • Contact for pricing

      Retail/Office Space in Toms River

      1600 SF retail/office space for lease in downtown.
      28 Main St, Toms River, NJ 08753
      View Details
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    Toms River, NJ 08753
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    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
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