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    110 E Maryland Ave Ave Somers Point, NJ 08244

    Sponsored
    For Lease
    $4,000 /Mo

    Office/Professional - Somers Point, NJ

    Property size:
    5,900 SF
    Days on Market:
    10
    Last Refresh:
    Feb 28 at 4:06 pm

    Property Features for 110 E Maryland Ave Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Fire Sprinkler System, Security Lighting, Security System
    Zoning
    HVW
    Rooms
    Basement, Bathroom 1, Bathroom 2, Office
    Bathrooms
    2
    Parking features
    Assigned, Off Street, Paved or Surfaced
    Interior features
    220 Volt Electricity, 440 Volt Electricity, Fire Sprinkler System, Restroom, Security System, Smoke/Fire Alarm
    Exterior features
    Sign, Security Light/System
    Basement Y/N
    1
    Size
    5,900 SF

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air, Natural Gas, Zoned (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric, Zoned

    Building Details

    Year built
    2005
    Floors in Building
    3
    Flooring type
    Linoleum, Vinyl
    Building materials
    Fiber Cement
    Roof type
    Asphalt

    We can help!

    Listing Contact
    PAUL STRIEFSKY

    Keller Williams Realty Jersey Shore (609) 399-5454

    Listing agent PAUL STRIEFSKY (609) 399-5454 License #RB-8438559

    Listing date Feb 19, 2026

    MLS# 604890 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

    Mixed-Use Building with Bay Views

    This three-story mixed-use building in the Historic Village Waterfront Zone offers versatile opportunities for business and residential use. Serviced by an interior elevator with a lock-out option for the 2nd and 3rd floors, the building includes 6-foot wide interior stairs, a sprinkler system for fire protection, and an alarm system. The site provides 16 parking spaces plus 1 handicap space. The second floor, currently configured as office space, can continue as professional offices or be converted to a residential unit with a Use Variance. It features six rooms/offices, a reception area or living room with a gas fireplace, a general office/reception space, and three 1/2 bathrooms. The main office has its own 1/2 bath and gas fireplace. A wrap-around deck offers views of the meadows and the skylines of Atlantic City and Downbeach. The third floor is a renovated residential retreat with 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 wildlife. The building has over 5,900 sq.ft. with 800 sq.ft. of wrap around decks. The property is suitable for a mixed-use property for work and living, or for maximizing investment through condo conversion.
    Location Intelligence

    Current Use by Public Records

    Office space

    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 building with flexible office and residential space.
    Where is this mixed-use property located?
    The property is located at 110 E Maryland Ave Ave Somers Point, NJ.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: - Versatile 3-story building suitable for mixed-use or condo conversion.; - Interior elevator provides convenient access to all floors with lock-out option.; - Two floors with existing rental income potential ($4000/mo + Utilities +NNN each).
    (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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    We can help!
    Listing Contact
    PAUL STRIEFSKY
    Real Estate License ID: RB-8438559
    (609) 399-5454
    Learn more
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