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    1-7 New York Rd Road Port Republic, NJ 08241

    View on Map
    For Sale
    $3,499,999

    CommercialSale - Port Republic, NJ

    Lot size:
    5.20 Acres
    Added:
    May 23, 2025
    Days on Market:
    316
    Last Refresh:
    Apr 3 at 3:06 am

    Property Features for 1-7 New York Rd Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Security features
    Fire Alarm, Fire Sprinkler System
    Interior features
    440 Volt Electricity, Fire Sprinkler System, Hydraulic Lift, Living Space Available, Restroom, Smoke/Fire Alarm, Storage, Three Phase Electric
    Exterior features
    Dock/Pier/Slip, See Remarks
    Dock
    1
    Standard status
    Active
    Lot size
    5.20 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    12614

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air, Natural Gas

    Building Details

    Flooring type
    Concrete, Other
    Architectural style
    Other
    Additional Structures
    See Remarks

    We can help!

    Listing Contact
    Richard Baehrle
    Richard Baehrle

    Listing agent Richard Baehrle

    Listing office BHHS Fox & Roach Northfield 1001 Tilton Road, NJ

    Listing date May 23, 2025

    MLS# 596581 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Marina & Income Property

    This 5.2-acre property features a 60 floating slip marina on Nacote Creek. The marina is fully leased and equipped with water and electric hookups, along with an exclusive owner's slip. The property includes a 2-bed, 1-bath home with an attached 1-bed, 1-bath apartment occupied by a long-term tenant. Additionally, there is a newly renovated duplex featuring a 1-bed, 1-bath unit with a long-term tenant and a potential studio for additional income. A leased 20x40 warehouse, two storage outbuildings, and a workshop with a ship store provide further versatility. All buildings have newer roofs. The marina operates from April to November, offering extended monthly rates and services such as winter and summer preparation and storage. Included in the sale are a 30-ton travel lift, a 2021 Kubota backhoe, a 4,000-lb Clark forklift, 6-yard trailers, approximately 250 boat stands, and approximately 400 keel blocks. The property is located in Port Republic, NJ, and is a 30-minute boat ride to Atlantic City and Long Beach Island.
    Location Intelligence

    Current Use by Public Records

    Marinas

    Map

    City
    Port Republic
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.465659
    Latitude
    39.535686

    Nearby Similar for Sale

    • $3,499,999
      226,512 SF

      Waterfront Marina & Income Opportunity

      Thriving marina with residential income potential on 5.2 acres.
      1-7 NEW YORK ROAD, PORT REPUBLIC, NJ 08241
      View Details
    • $3,750,000

      Commercial - Port Republic, NJ

      Thriving marina on 5.2 acres with income potential.
      1-7 New York Rd, Port Republic, NJ 08241
      View Details
    • $3,499,999

      Waterfront Marina & Income Opportunity

      Thriving marina with residential income potential on 5.2 acres.
      1-7 New York Rd Road, Port Republic, NJ 08241
      View Details

    FAQs

    What type of property is this?
    Marina - Thriving marina with residential income potential on 5.2 acres.
    Where is this marina located?
    The property is located at 1-7 New York Rd Road Port Republic, NJ.
    What is the asking price?
    The asking price for this property is $3,499,999.
    What are key features of this property?
    This property features: Thriving 60‑slip marina on Nacote Creek, fully leased with water/electric hookups and exclusive owner's slip.; Includes a stunning 2‑bed/1‑bath home with attached 1‑bed/1‑bath apartment, plus a newly renovated duplex.; Turnkey operation with included equipment: 30‑ton travel lift, 2021 Kubota backhoe, 4,000‑lb Clark forklift, trailers, boat stands, and keel blocks.
    (609) 226-6680
    We can help!
    Listing Contact
    Richard Baehrle
    Richard Baehrle
    Real Estate License ID: SB-8436462
    Learn More
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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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