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    Keller Williams Realty Jersey Shore

    903 Bay Avenue, Ocean City, NJ 08226
    (609) 399-5454
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale
    • Residential Multi Family
    • Commercial Lease

    Listings

    For Sale (25)

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    Prime Commercial Development Opportunity
    $3,549,000
    16,000 SF

    Prime Commercial Development Opportunity

    32-acre commercial property with existing structure and development potential.

    439 Westcoat Rd, Egg Harbor Township, NJ 08234
    View details
    Residential Land in Folsom Borough
    $34,900
    0.79 Acres

    Residential Land in Folsom Borough

    Residential land available in Folsom Borough, New Jersey.

    101 Black Horse Pike, Williamstown, NJ 08094
    View details
    Residential Land Near Beach
    $1,290,000
    0.07 Acres

    Residential Land Near Beach

    Land zoned for duplex or single home near the beach.

    17 S Jefferson Ave, Margate, NJ 08402
    View details
    New Commercial Office in Wildwood
    $369,000
    845 SF

    New Commercial Office in Wildwood

    New construction office space in Wildwood Crest commercial district.

    6307 New Jersey Ave, Wildwood Crest, NJ 08260
    View details
    New Commercial Office Space Available
    $369,000
    845 SF

    New Commercial Office Space Available

    New construction office space in Wildwood Crest commercial district.

    6307 New Jersey Ave, Wildwood Crest, NJ 08260
    View details
    Ventnor Commercial Opportunity
    Contact for pricing
    1,650 SF

    Ventnor Commercial Opportunity

    Prime corner lot in Ventnor's bustling downtown business district.

    6520 Ventnor Ave, Ventnor, NJ 08406
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    Somers Point Commercial Building For Sale
    $549,000
    2,688 SF

    Somers Point Commercial Building For Sale

    2,688 SF commercial building in Somers Point, New Jersey.

    717 Shore Rd, Somers Point, NJ 08244
    View details
    Charming Vineland Duplex on Large Lot
    $414,900

    Charming Vineland Duplex on Large Lot

    Well-maintained duplex with renovated unit and stable rental income.

    54 Shirley Ct, Vineland, NJ 08360
    View details
    Residential Vacant Lot For Sale
    Contact for pricing
    2.50 Acres

    Residential Vacant Lot For Sale

    Vacant residential lot available in Port Norris, New Jersey.

    James Moore Rd, Port Norris, NJ 08349
    View details
    Egg Harbor Township Land
    $49,900
    0.60 Acres

    Egg Harbor Township Land

    Residential land for sale in Egg Harbor Township, NJ.

    114 School House Rd, Egg Harbor Township, NJ 08234
    View details
    Prime Commercial Building on Shore Road
    $549,000
    2,688 SF

    Prime Commercial Building on Shore Road

    Highly visible commercial building in Somers Point, near Shore Medical.

    717 Shore Rd, Somers Point, NJ 08244
    View details
    Wooded Lot in Williamstown, NJ
    Contact for pricing

    Wooded Lot in Williamstown, NJ

    Wooded lot near Black Horse Pike, not buildable.

    Cains Mill Rd, Williamstown, NJ 08094
    View details
    Ocean City Multifamily Home
    $1,499,000
    0.16 Acres

    Ocean City Multifamily Home

    Charming multifamily property near the ocean in Ocean City, NJ.

    5224 Haven Ave, Ocean City, NJ 08226
    View details
    Hamilton Township Land For Sale
    $150,000
    1.34 Acres

    Hamilton Township Land For Sale

    1.34 acre commercial land in Hamilton Township, New Jersey.

    Black Horse Pike, Hamilton Township, NJ 08330
    View details
    New Construction Duplex in Ocean City
    $2,499,998

    New Construction Duplex in Ocean City

    New construction duplex with rooftop deck in the heart of Ocean City.

    1135 West Ave, Ocean City, NJ 08226
    View details
    New Construction Office Space Available
    $369,000
    845 SF

    New Construction Office Space Available

    New office spaces in Wildwood Crest's commercial district.

    6307 New Jersey Ave, Wildwood Crest, NJ 08260
    View details
    Ventnor Commercial Opportunity
    Contact for pricing
    950 SF

    Ventnor Commercial Opportunity

    Prime corner lot in Ventnor's bustling downtown business district.

    6522 Ventnor Ave, Ventnor, NJ 08406
    View details
    Boardwalk Mixed-Use Investment Opportunity
    $7,500,000
    28,000 SF

    Boardwalk Mixed-Use Investment Opportunity

    Rare beachfront property with retail, apartments, parking, and redevelopment potential.

    4314-20 Boardwalk, Wildwood, NJ 08260
    View details
    Bayfront Land Development Opportunity
    $800,000
    27.50 Acres

    Bayfront Land Development Opportunity

    27.5+/- acre bayfront property in Pleasantville, New Jersey.

    1122 Clematis Ave, Pleasantville, NJ 08232
    View details
    Bayfront Land Development Opportunity
    $800,000
    27.50 Acres

    Bayfront Land Development Opportunity

    27.5+/- acre bayfront property with development potential.

    1122 Clematis Ave, Pleasantville, NJ 08232
    View details
    Commercial Land Near Airport
    $674,999
    4.00 Acres

    Commercial Land Near Airport

    4-acre commercial site near Atlantic City International Airport.

    6531 Delilah Rd, Egg Harbor Township, NJ 08234
    View details
    Woodbine, NJ Land Opportunity
    Contact for pricing

    Woodbine, NJ Land Opportunity

    Land for sale near shore towns in Woodbine, New Jersey.

    112 Franklin St, Woodbine, NJ 08270
    View details
    Bayside Homesite in Wildwood Crest
    $650,000
    0.98 Acres

    Bayside Homesite in Wildwood Crest

    Waterfront land for legacy home with bay views.

    9300 Bayview Dr, Wildwood Crest, NJ 08260
    View details
    Large Lot in Ocean City
    Contact for pricing

    Large Lot in Ocean City

    19,550sf lot for development in Ocean City, New Jersey.

    112 E 6Th St, Ocean City, NJ 08226
    View details
    Prime Development Opportunity
    Contact for pricing

    Prime Development Opportunity

    7.84-acre property with existing structure and development potential.

    439 Westcoat Rd, Egg Harbor Township, NJ 08234
    View details

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    Keller Williams Realty Jersey Shore
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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
    Keller Williams Realty Jersey Shore
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