$2,650,000
Toms River, NJ 08753
MLS# 22608063
1 / 5
Property Description
1031 Exchange - Ideal Office Investment Property Excellent opportunity to acquire 5 office condos representing approximately 41% ownership of the building. This institutional-quality office investment offers a strong 6.5% cap rate with significant built-in upside and immediate cash flow. The property features NNN leases with high-credit national and regional tenants in home health services, mental health counseling, and insurance -- providing predictable, low-management income with minimal landlord responsibilities. A solid value-add opportunity with excellent potential for rent growth and appreciation. Ideal for 1031 exchange investors seeking stability and long-term upside.
Details
Maps
Contract Info
Status: Active
List Date: 2026-03-29
Property Sub-Type: Office
Sale: Yes
Lease: No
List Price: $2,650,000
Current Price: $2,650,000
Location
House Number: 10
Street Name: Allen
Street Suffix: Street
Unit/Suite #: 113
County: Ocean
Municipality: Toms River Twp (TOM)
Postal City: Toms River
State: NJ
Zip Code: 08753
Area/Section: Toms River
Directions: Lakehurst Rd to 527 to Horner to 10 Allen.
General Property Info
# Levels: 4
# Elevators: 1
Available SqFt: 1975
Office SqFt: 9440
Apx Year Built: 1986
Garage: No
Acreage: 0.02
Tax and Legal
Asmnt - Total: 731300
Taxes: 15408
Tax Year: 2025
Property Features
Use: Professional/Office
Cooling: Central Air
Heating: Forced Air; Hot Water; Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Parking: On Site; Parking Lot; Paved
Zoning: Office; Professional
Water Type: Riverview
Assessment Status: Assessed
Documents Available: Aerial Photo; Blue Prints
Listing Office: Crossroads Realty, Inc.
Listing Agent: Yanay Scheff
Last Updated: June - 29 - 2026
The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Monmouth Ocean Regional REALTORS®, and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.