Property profile

3011 Rte 37th E Toms River, NJ 08753

OFF-MARKET
Other commercial real estate
Property ID
US59-1622133
2,738 SF 0.21 ac lot Built 1946
Entity Owned Free & Clear
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Property summary

AI-generated overview

This mixed-use building is located on a visible corner of Route 37 and Fischer Blvd in Toms River, New Jersey. The property has an approved site plan that includes 11 parking spaces, and conceptual architectural designs have been completed. The ground-floor area has been gutted, resulting in an open, unfinished interior suitable for redevelopment. The first floor is laid out for professional office use, with storage space located toward the rear. The upper level contains a 2-bedroom apartment and additional dry storage, with the layout offering potential for expansion to a second apartment and/or additional office space subject to town approvals. The building configuration supports both office and residential use, with existing uses that may be compatible with continued occupancy by a residential tenant and a related business tenant depending on applicable agreements.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1946
Construction FRAME
Total area 2,738 SF
Lot 0.21 ac (8,973 SF)
Zoning code HB
APN 08 00794- 08-00005
UPID US59-1622133

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3011 Rte 37th E Toms River, NJ 08753-6187
Toms River metro Census 723500 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$715k
CAP Approach CAP
$485k
Comparable Approach Comparable
$469k
Blend (final) Blend
$700k

Owner & transaction history

since 2026
Last sale
$660,000
2 recorded transactions
2026
$660,000
2021
$585,000

Zoning & alternative use

HB · Toms River, NJ
Zoning description

Corridor landscape design standards. These standards apply to all properties fronting on N.J. Route 9, N.J. Route 37 and N.J. Route 70 and located in the Highway Business (HB), Rural Highway Business (RHB), Industrial (I…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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