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Property profile & analytics
FOR LEASE
Commercial real estate
388 Lakehurst Rd Toms River, NJ 08755
Entity Owned
22-yr Hold
Free & Clear
Property ID
US59-1432593
For Lease
1 / 10
$1,315,000
388 Lakehurst Rd, Toms River, NJ 08755
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Construction
FRAME
Total area
7,308 SF
Lot
0.88 ac (38,333 SF)
Zoning code
VO
APN
08 00535-0000-00028
UPID
US59-1432593
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vitale John W DMD Dental Office
-
Dr. Jaime Ball, DMD Dental Office
-
Pain Institute of Central NJ: Giantomas Robert A DDS Dental Office
-
Pathways Neuropsychology Associates Physician Medical Clinic
-
Dr. Joanne Perry Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$1.32M
Owner & transaction history
K J Developers LLC · 22 yrs held
K J Developers LLC
since 2004
1 recorded transaction
Zoning & alternative use
VO · Toms River, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Toms River submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Toms River submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,405,000
6.5%
$1,300,000
7%
$1,205,000
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$180 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$31,509
Tax year 2022
Assessed value
$1,887,900
Assessed 2023
Previous assessed
$1,887,900
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$422,400
Assessed improvement
$1,465,500
Land market value
$422,400
Improvement market value
$1,465,500
Total market value
$1,887,900
Applied tax rate
8.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1991
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
7,308 SF
Lot
0.88 ac (38,333 SF)
Zoning code
VO
APN
08 00535-0000-00028
UPID
US59-1432593
Jurisdiction
OCEAN
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
VO · Toms River, NJ
Zoning VO · permitted uses
VO · Toms River, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Toms River. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.88 ac
Current owner
From public records · entity-resolved
K J Developers LLC
Entity
Free & Clear · 22 yrs held
Mailing address
388 LAKEHURST RD, TOMS RIVER, NJ 08755-7340
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2004
$1
K J Developers LLC
K J Dev
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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