Ocean County Mall Toms River, NJ 08753
RC Regional Commercial Zone. A. Permitted uses. It is the intent of this chapter to encourage within this zone large-scale commercial uses of a type that will complement the existing shopping center on the northeasterly corner of Hooper and Bay Avenues. [Amended 4-11-1990 by Ord. No. 2729-90 ; 8-14-1991 by Ord. No. 2848-91 ; 8-14-2018 by Ord. No. 4597-18 ] (…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
RC · Toms River, NJRC Regional Commercial Zone. A. Permitted uses. It is the intent of this chapter to encourage within this zone large-scale commercial uses of a type that will complement the existing shopping center on the northeasterly corner of Hooper and Bay Avenues. [Amended 4-11-1990 by Ord. No. 2729-90 ; 8-14-1991 by Ord. No. 2848-91 ; 8-14-2018 by Ord. No. 4597-18 ] (1) The retail sale of goods which may include the following: (a) Grocery stores and food markets. (b) Drugstores. (c) Dry goods stores. (d) Meat and poultry stores. (e) Baked goods stores. (f) Packaged liquor stores. (g) Flower shops. (h) Confectionary stores. (i) Household supplies stores. (j) Stationery supplies, tobacco and periodical stores. (k) Haberdashery, dress goods and notions. (l) Hardware, plumbing supplies and electrical supplies. (m) Boat supplies. (n) Shops of artisans and craftsmen. (o) Furniture and appliance stores. (p) Gift shops. (q) Automobile sales agency, but excluding agencies for the sale of used cars only. (2) Personal service establishments which may include the following: (a) Barbershops and beauty shops. (b) Tailoring and dressmaking shops. (c) Dry-cleaning and laundry collection shops, but not including self-service laundries. (d) Shoe repair shops. (e) Appliance repair shops. (f) Radio and television repair shops. (3) Business, professional, governmental and educational offices. Office buildings containing over 5,000 square feet of gross floor area shall be considered a single use and may contain individual office uses with less than 5,000 square feet of gross floor area. (4) Banks and financial institutions. (5) Restaurants, bars and other eating and drinking establishments, but not including drive-in restaurants. (6) Publication of newspapers and periodicals. (7) Federal, state, county and municipal buildings and grounds, but excluding schools. (8) Essential services. (9) Funeral homes, including one dwelling unit. (10) Shopping centers. (11) Hotels and motels. (12) Child-care centers. (13) Adult-care centers. [Added 9-24-1996 by Ord. No. 3196-96 ] (14) Veterinary clinics or hospitals. [Added 10-14-2014 by Ord. No. 4459-14 ] B. Required accessory uses. (1) Off-street parking subject to the provisions of § 348-8.20 . (2) Off-street loading subject to the provisions of § 348-8.19 . Loading areas shall be separated and screened from circulation drives and parking areas by landscaped islands, substantial fencing, walls or buffer plantings or shall be enclosed. C. Permitted accessory uses. (1) Fences subject to the provisions of § 348-8.13 .
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.