Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
HB · Toms River, NJCorridor 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HB in Toms River, NJ.
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