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    110 E Maryland Ave Ave Somers Point, NJ 08244

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    Sponsored
    For Sale
    $1,850,000

    Triplex - Somers Point, NJ

    Type:Triplex
    Property size:
    5,856 SF
    Days on Market:
    47
    Last Refresh:
    Mar 31 at 4:06 am

    Property Features for 110 E Maryland Ave Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Standard status
    Active
    Rooms
    Basement
    Parking features
    Garage, Garage - Attached
    Patio and Porch features
    Deck
    Exterior features
    Bay View, Curbs, Deck, Handicap Access, Sidewalks, Sprinkler System
    Basement Y/N
    1
    Accessibility
    Accessible Approach with Ramp
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Refrigerator, Washer
    Size
    5,856 SF

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    2005
    Number of units
    3
    Building materials
    Fiber Cement

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    Listing Contact
    PAUL STRIEFSKY

    Keller Williams Realty Jersey Shore

    Listing agent PAUL STRIEFSKY License #RB-8438559

    Listing date Feb 12, 2026

    MLS# 604663 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile Triplex in Somers Point

    This three-story building offers a versatile opportunity for mixed-use or investment purposes, serviced by an interior elevator with a lock-out option for the second and third floors. The property includes 6-foot wide interior stairs and 16 parking spaces, plus one handicap space. Fire protection is enhanced by a sprinkler system and an alarm system. Situated in the Historic Village Waterfront Zone, the property permits general business, professional offices, and residential use. The first floor, previously a doctor’s office, is suited for commercial use, featuring six rooms/offices, a half bath, and handicap accessibility. Outdoor decks overlook the meadows. The second floor, currently office space, can continue as such or be converted to residential use. It includes six rooms/offices, a reception area or living room with a gas fireplace, a general office space convertible to a kitchen, and three and a half bathrooms. The main office has its own half bath and gas fireplace. A wrap-around deck offers views of the meadows and the skylines of Atlantic City and Downbeach. The third floor features a renovated living space, including a primary suite, a second bedroom with a loft, and an open-concept kitchen and living area with a gas fireplace. Wrap-around decks offer views of sunrises, back bays, and marshland wildlife. The building has 5,856 square feet with 800 square feet of wrap-around decks.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Map

    City
    Somers Point
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.6047
    Latitude
    39.3201

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    FAQs

    What type of property is this?
    Mixed-use property - Three-story mixed-use property with commercial and residential potential.
    Where is this mixed-use property located?
    The property is located at 110 E Maryland Ave Ave Somers Point, NJ.
    What is the asking price?
    The asking price for this property is $1,850,000.
    What are key features of this property?
    This property features: - Rare mixed-use property with condo conversion potential.; - Three-story building with interior elevator and lock-out option.; - Versatile layout includes commercial space, office space convertible to residential, and renovated residential retreat.
    (609) 399-5454
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    110 E Maryland Ave Ave Somers Point, NJ 08244
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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
    110 E Maryland Ave Ave Somers Point, NJ 08244
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    Listing Contact
    PAUL STRIEFSKY
    Real Estate License ID: RB-8438559
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