Property profile & analytics
203 Rte 37th E Toms River, NJ 08753-5560
- Commercial real estate
- 4,820 SF
- 0.26 lot acres
OFF-MARKET
Last Sale
Dec 06, 2024
Dec 06, 2024
$1,050,000
Value Estimations
$760,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US59-1782453
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 203 Rte 37th E
- Year built
- 1950
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.26 lot acres
- Property size
- 4,820 SF
- Zone code
- HB
- Property type
- Commercial real estate
- APN
- 08 01093- 09-00008
- APU
- 8010930900008
Description
This exceptional 5,000-square-foot retail space is available for lease at 203 Route 37 in Toms River, New Jersey. Located in Ocean County, this single-tenant property offers significant potential for a variety of businesses. The building sits on a 0.264-acre lot and provides ample parking with 10 spaces readily available for customers and employees. The entire 5,000 square feet is currently vacant, presenting a blank canvas for a new tenant to customize the space to perfectly suit their needs. The property is classified as commercial retail and offers a prime location on Route 37, ensuring high visibility and accessibility for potential customers. The property's address is 203 Route 37, Toms River, NJ 08753. Its convenient location in Toms River, combined with its generous size and ample parking, makes this an attractive opportunity for businesses seeking a strong foothold in a thriving market. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. This is an excellent opportunity to establish or expand a retail presence in a high-traffic area. Serious inquiries are encouraged to explore this exceptional retail space.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $540,000
- ML approach
- $535,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $930,000
- 6.5%
- $855,000
- 7%
- $795,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $838,000
Market price range: $787k - $1.85M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,230,000 Current use
- OFFICE BUILDING
- $1,145,000 Change: -7% Conversion: Easy
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Toms River
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.1841
- Latitude
- 39.9625
- 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
$12,871
$156,000
$615,200
$771,200
-
$156,000
$615,200
$771,200
