110 Harbor Lane, Somers Point, NJ 08244
COMMERCIAL - Somers Point, NJ
- Added:
- Jan 16, 2025
- Days on Market:
- 508
- Last Refresh:
- Jun 8 at 11:06 pm
Property Features for 110 Harbor Lane
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 50
- Parking features
- On Street, Assigned
- Security features
- Security System
- Standard status
- Active
- APN
- 21-01410-0000-00002
- Size
- 12,314 SF
- Lot size
- 1.01 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 60506
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1976
- Floors in Building
- 1
- Building materials
- Block, Concrete, Stucco
- Roof type
- Flat, Asphalt
Listing agent Iftikhar Haq License #0789304 (732) 536-9010
Listing office Keller Williams Realty Freehold 3435 Route 9 Unit 6A, Freehold, NJ (732) 536-9010
Listing date Jan 16, 2025
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Net lease investment opportunity with stable income and a 7% CAP rate.
- Three‑tenant medical office property totaling 12,000 SF.
- Strategically located to serve both Atlantic and Cape May Counties.
- Ample on‑site parking with 50 spaces.
- Well‑maintained asset, ideal for 1031 exchange buyers.
- Constructed with durable materials: Block, Concrete, and Stucco.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $329.5k | $26.76 |
| − Vacancy | −$89.0k | −$7.23 |
| EGI | $240.6k | $19.53 |
| − OpEx | −$60.1k | −$4.88 |
| NOI | $180.4k | $14.65 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Mainland Veterinary Hospital — 425 Bethel Rd, Somers Point, NJ 08244
- Somers Point Veterinary Hospital: De Lorenzo Regina C DVM — 1 Braddock Dr, Somers Point, NJ 08244
Location Insight
- Map
- Local Demand
- City
- Somers Point
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.591609
- Latitude
- 39.315484
