Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1501 Rte 37th W Toms River, NJ 08755-4938

    • Commercial real estate
    • 60,070 SF
    • 3.62 lot acres
    OFF-MARKET
    Value Estimations
    $7,275,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0697259
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1501 Rte 37th W

    Year built
    2005
    Construction
    METAL FRAME
    Lot size
    3.62 lot acres
    Property size
    60,070 SF
    Zone code
    I
    Property type
    Commercial real estate
    APN
    08 00504-0000-00005
    APU
    800504000000005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.263
    Latitude
    39.987
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $120,909
    $2,172,000
    $5,072,400
    $7,244,400
    -
    $2,172,000
    $5,072,400
    $7,244,400

    Comparable in this City

    • Value Estimation by Request
      11.26 Acres

      1334 Rte 9th 9

      COMMERCIAL (GENERAL) • 11.26 Acres
      1334 Rte 9th 9, Toms River, NJ 08755-4000
      View Details
    • Value Estimation by Request
      0.77 Acres

      180 Rte 37th W

      COMMERCIAL (GENERAL) • 0.77 Acres
      180 Rte 37th W, Toms River, NJ 08755-8048
      View Details
    • Value Estimation
      $515,000
      3,762 SF

      473 Lakehurst Rd

      COMMERCIAL (GENERAL) • 3,762 SF
      473 Lakehurst Rd, Toms River, NJ 08755-6342
      View Details
    • Value Estimation by Request
      2,342 SF

      21902198 Lakewood Rd

      COMMERCIAL (GENERAL) • 2,342 SF
      21902198 Lakewood Rd, Toms River, NJ 08755
      View Details
    • Value Estimation by Request
      1,232 SF

      1745 Lakewood Rd

      COMMERCIAL (GENERAL) • 1,232 SF
      1745 Lakewood Rd, Toms River, NJ 08755-1654
      View Details
    • Value Estimation by Request
      1,200 SF

      1497 Rte 9th 9

      COMMERCIAL (GENERAL) • 1,200 SF
      1497 Rte 9th 9, Toms River, NJ 08755-3255
      View Details

    Similar Nearby for Sale

    • $1,300,000
      2,388 SF

      Route 9 Mixed-Use Property

      Seven-bedroom house with office spaces and a detached garage.
      1990 Route 9, Toms River, NJ 08755
      View Details
    • $80,000

      Charming Mobile Home with Updates

      Well-maintained mobile home featuring 2 bedrooms and a spacious kitchen.
      4 Roberts Park, Toms River, NJ 08755
      View Details
    • $119,900

      Mobile Home in Toms River

      Double wide mobile home with two bedrooms and baths.
      30 Roberts Rd, Toms River, NJ 08755
      View Details
    • $83,900

      Charming Mobile Home Near Beach

      Two-bedroom mobile home in Toms River, close to amenities.
      318 Roberts Rd, Toms River, NJ 08755
      View Details
    • Contact for pricing
      93,700 SF

      Industrial Space in Toms River

      93,700 SF industrial building with up to 45' ceilings.
      1471 West Whitty Rd, Toms River, NJ 08755
      View Details
    • $399,999

      Well-Maintained Home in Adult Community

      Home in sought-after adult community with resort-style amenities.
      1887 Crimson Ct, Toms River, NJ 08755
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,973 SF

      Ocean County Restaurant Space

      Prime Restaurant Location, 3,973 sq ft.
      981 Nj-37, Toms River, NJ 08755
      View Details
    • Contact for pricing
      1 SF

      Route 37 & Bimini Drive Retail

      Prime Toms River Retail Opportunity
      0 Cor Of Rte 37 & Bimini Dr, Toms River, NJ 08755
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space Near Garden State

      Retail property located off the Garden State Parkway in Toms River.
      556 Lakehurst Rd, Toms River, NJ 08755
      View Details
    • Contact for pricing
      37,800 SF

      Toms River Office Space Available

      Second floor office space for lease in Toms River.
      200 Corporate Cir Unit, Toms River, NJ 08755
      View Details
    • Contact for pricing
      31,681 SF

      Oakridge Shopping Center: Toms River

      Prime Retail Space Available in Toms River, NJ
      237 Nj-37, Toms River, NJ 08755
      View Details
    • $1,500 /Mo
      920 SF

      Office Space in Toms River

      Office space featuring four rooms plus reception area in Toms River.
      890 Commons Way, Toms River, NJ 08755
      View Details

    Property Visit Statistics

    • Visits by month
      1.3k
    • Visitors by month
      712
    • Avg Time on site
      30 min
    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.
    1501 Rte 37th W
    Toms River, NJ 08755-4938
    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

    Google sign-in failed. Please try again or use another login method.