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

    254 Rte 37th W Toms River, NJ 08755-8023

    • Commercial real estate
    • 3,308 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    9.2%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-1180966
    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 254 Rte 37th W

    Year built
    1990
    Construction
    FRAME
    Lot size
    1.09 lot acres
    Property size
    3,308 SF
    Zone code
    HB
    Property type
    Commercial real estate
    APN
    08 00513- 02-00038
    APU
    8005130200038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $635,000
      6.5%
      $590,000
      7%
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $759,000
      Market price range: $231k - $790k

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

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.2281
    Latitude
    39.9679
    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
    2023
    $25,730
    $654,000
    $832,400
    $1,486,400
    -
    $654,000
    $832,400
    $1,486,400

    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
      $7,275,000
      60,070 SF

      1501 Rte 37th W

      COMMERCIAL (GENERAL) • 60,070 SF
      1501 Rte 37th W, Toms River, NJ 08755-4938
      View Details
    • Value Estimation
      $1,400,000
      8,400 SF

      10281036 Cox Cro Rd

      COMMERCIAL (GENERAL) • 8,400 SF
      10281036 Cox Cro Rd, Toms River, NJ 08755
      View Details
    • Value Estimation
      $5,070,000
      40,000 SF

      5 Executive Dr

      COMMERCIAL (GENERAL) • 40,000 SF
      5 Executive Dr, Toms River, NJ 08755-4951
      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

    • Contact for pricing
      11,450 SF

      Retail Space Available in Toms River

      Retail property with 11,450 SF available in Toms River.
      237 Route 37 West, Toms River, NJ 08755
      View Details
    • $120,000

      Updated Mobile Home in Community

      Recently updated mobile home in adult community with many amenities.
      45 Roberts Rd, Toms River, NJ 08755
      View Details
    • $699,000

      Renovated Corner Office Building

      Renovated office building in Toms River with high visibility.
      569 Lakehurst Rd, Toms River, NJ 08755
      View Details
    • $650,000
      1.06 Acres

      Prime Commercial Corner Lot

      1.06-acre corner lot on heavily trafficked Route 37.
      115 Saint Catherine Blvd, Toms River, NJ 08755
      View Details
    • $750,000
      Pending

      Residential Land in Toms River

      Luxury development land in Toms River, delivery Spring 2025.
      1012 Bal Hbr Dr, Toms River, NJ 08755
      View Details
    • $600,000
      3,897 SF

      Toms River Medical Office Condo

      Three-suite medical office, prime location.
      601 Nj-37, 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
      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
    • Contact for pricing
      15,996 SF

      Toms River Professional Office Space

      Professional office space available for lease in Toms River, NJ.
      1268 W 1St St, Toms River, NJ 08755
      View Details

    Property Visit Statistics

    • Visits by month
      52.2k
    • Visitors by month
      27.3k
    • Avg Time on site
      9 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.
    254 Rte 37th W
    Toms River, NJ 08755-8023
    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.