1329 West Ave, Ocean City, NJ 08226
COMMERCIAL - Ocean City, NJ
Property Features for 1329 West Ave
General Information
Utilities
Amenities
Building Details
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Investment Insights
Based on property information with market context.
The building is described as elevated above flood lines, with 12-foot ceilings and large windows to support an active storefront presentation. Construction is listed as underway, with a 2026 year built. Public water and public sewer services are indicated.
Key Highlights
- 1,218 SF ground‑floor retail storefront space
- 12‑foot ceilings with large windows and display windows
- Gas forced‑air heat and central air
Financial Insights For Retail
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 | $21.9k | $18.00 |
| − Vacancy | −$1.8k | −$1.44 |
| EGI | $20.2k | $16.56 |
| − OpEx | −$6.1k | −$4.97 |
| NOI | $14.1k | $11.59 |
Alternative Uses
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Foot Traffic Nearby
Demographics for 08226, NJ
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Spinning Wheel Florist — 858 Asbury Ave, Ocean City, NJ 08226