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3103 Veeder Ave 2,441 SF 100% Leased Office Building Toms River, NJ 08753 $1,099,000 ($450.23/SF) 5.30% Cap Rate
Investment Highlights
- Property delivers consistent income from four tenants, including retail and residential uses.
- Includes three onsite shipping containers allocated for landlord and tenant use.
- Extensive property renovations and system upgrades completed between 2023–2024.
- Zoned Highway Business, enabling flexible applications for future commercial or residential purposes.
Executive Summary
This fully occupied mixed-use property located at 3103 Veeder Avenue in Toms River presents an attractive investment opportunity with a strong tenant mix and recent renovations. The building spans approximately 2,441 square feet on a 150’ x 100’ lot, zoned Highway Business (H/B) and approved for Non-Conforming Use for both residential and commercial applications. Recent upgrades, including a new roof, vinyl siding, gutters (2023), electrical system overhaul, plumbing enhancements, and renovations of both apartments in 2024, enhance asset value and reduce near-term capital expenditure. The property produces a gross annual income of $70,272 with net operating income of $57,950, resulting in a 5.3% cap on the $1,099,000 asking price. Owner financing is available with favorable terms for qualified buyers. Leases and tenant details are available upon request. Located in Toms River’s AE Flood Zone with essential zoning approvals and environmental assessments, this income-producing property stands as a compelling opportunity for stable cash flow and long-term appreciation.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,441 SF
Building Class
C
Year Built/Renovated
1960/2023
Price
$1,099,000
Price Per SF
$450.23
Cap Rate
5.30%
NOI
$58,247
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,220 SF
Building FAR
0.16
Lot Size
0.34 AC
Zoning
HB - Commercial
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 08-01108-25-00022 | Improvements Assessment | $136,500 |
| Land Assessment | $204,000 | Total Assessment | $340,500 |
Property Taxes
Parcel Number
08-01108-25-00022
Land Assessment
$204,000
Improvements Assessment
$136,500
Total Assessment
$340,500
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3103 Veeder Ave
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