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    Property profile & analytics

    New Dover, Unit S Toms River, NJ 08753

    • Residential income homes
    • 17,160 SF
    • 4.24 lot acres
    OFF-MARKET
    Value Estimations
    $3,610,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2353307
    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

    • Residential income homes

    Property Details for New Dover

    Year built
    1966
    Construction
    BRICK
    Lot size
    4.24 lot acres
    Property size
    17,160 SF
    Zone code
    EM18
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    08 00609- 02-00006
    APU
    8006090200006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,785,000
      6.5%
      $4,420,000
      7%
      $4,105,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,865,000
      Current use
      COMMERCIAL (GENERAL)
      $4,385,000
      Change: -10% Conversion: Moderate
      OFFICE BUILDING
      $4,080,000
      Change: -16% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Toms River
    County
    Ocean
    State
    New Jersey
    Longitude
    -74.1957
    Latitude
    39.9676
    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
    $160,224
    $4,000,000
    $5,600,000
    $9,600,000
    -
    $4,000,000
    $5,600,000
    $9,600,000

    Comparable in this City

    • Value Estimation by Request
      3,208 SF

      514 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,208 SF
      514 Main St, Toms River, NJ 08753-7459
      View Details
    • Value Estimation
      $3,850,000
      7,152 SF

      Jamestowne W

      APARTMENT HOUSE (UNDER 5 UNITS) • 7,152 SF
      Jamestowne W, Toms River, NJ 08753
      View Details
    • Value Estimation
      $1,945,000
      11,736 SF

      Jamestowne Vlg

      APARTMENT HOUSE (UNDER 5 UNITS) • 11,736 SF
      Jamestowne Vlg, Toms River, NJ 08753
      View Details
    • Value Estimation
      $845,000
      4,776 SF

      206 Washington St, Unit 208

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,776 SF
      206 Washington St, Toms River, NJ 08753-7500
      View Details
    • Value Estimation
      $695,000
      4,104 SF

      46 Melrose Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,104 SF
      46 Melrose Dr, Toms River, NJ 08753-7659
      View Details
    • Value Estimation by Request
      2.14 Acres

      2249 Rte 37th E

      APARTMENT HOUSE (UNDER 5 UNITS) • 2.14 Acres
      2249 Rte 37th E, Toms River, NJ 08753
      View Details

    Similar Nearby for Sale

    • $849,900
      1,704 SF

      Toms River Multi-Family Property

      Well-maintained two-story home in Toms River's Bayshore section.
      40 Bay Shore Dr, Toms River, NJ 08753
      View Details
    • $775,000
      1.00 Acre

      One-Acre Property with Two Homes

      One-acre property in Silverton with two renovated, leased homes.
      215 Kettle Creek Rd, Toms River, NJ 08753
      View Details
    • $599,000
      Pending

      Spacious Multifamily Property in Toms River

      Flexible Toms River property: single-family or legal 2-family setup.
      547 Brookside Dr, Toms River, NJ 08753
      View Details
    • $1,300,000
      1.00 Acre

      Toms River Development Land

      2.28 Acres, R-150 Zoning, Great Potential
      821 Oak Ave, Toms River, NJ 08753
      View Details
    • Contact for pricing
      1,846 SF

      Spacious Townhome with Private Backyard

      Three-level townhome with walk-out, park-like backyard, and community pool.
      134 Orchid Ct, Toms River, NJ 08753
      View Details
    • $799,999

      Residential Land on Whitty Road

      Large 1.7-acre residential lot with utilities available in Toms River.
      1365 Whitty Rd, Toms River, NJ 08753
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    Similar Nearby for Lease

    • Contact for pricing
      2,504 SF

      Retail Space Near Ocean County Mall

      Retail spaces available across from Ocean County Mall.
      1232 Hooper Ave, Toms River, NJ 08753
      View Details
    • Contact for pricing
      101,166 SF

      Seacourt Pavilion: Toms River Retail

      Prime Ocean County retail space available.
      635 Bay Avenue & Hooper Ave, Toms River, NJ 08753
      View Details
    • $7 SF/Yr
      85,000 SF

      Bay Plaza Retail Space For Lease

      Toms River, NJ: Prime Retail Opportunity
      860 Fischer Blvd, Toms River, NJ 08753
      View Details
    • Contact for pricing
      4,000 SF

      Route 37 Retail Space Available

      Prime Toms River Retail Pad Site - 4,000 SF
      207 Route 37, Toms River, NJ 08753
      View Details
    • Contact for pricing
      116,030 SF

      Class A Office Building

      Premier office building in Toms River, large floor plates available.
      1433 Hooper Ave, Toms River, NJ 08753
      View Details
    • Contact for pricing
      3,331 SF

      Toms River Retail Space For Lease

      Prime Retail Pad Site, 3,331 SF Available
      1240 Hooper Ave, Toms River, NJ 08753
      View Details
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    New Dover, Unit S
    Toms River, NJ 08753
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    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
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