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    Health & Wellness Multi-Building Title is generated by Realmo AI

    16-20 Roosevelt Blvd, Marmora, NJ 08223

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    Claim this Listing
    For Sale
    $849,900

    COMMERCIAL - Marmora, NJ

    Property size:
    3,818 SF
    Lot size:
    0.60 Acres
    Price / SF:
    $222/SF
    Added:
    Jan 3, 2026
    Days on Market:
    151
    Last Refresh:
    Jun 3 at 7:06 am

    Property Features for 16-20 Roosevelt Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    TCC
    Rooms
    Basement, Utility Room, Laundry Room
    Interior features
    Restroom
    Exterior features
    Sign
    Standard status
    Active
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8285

    Utilities

    Heating system
    Forced Air, Oil, Natural Gas, Baseboard, Hot Water(Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Number of units
    2
    Roof type
    Asphalt

    We can help!

    Listing Contact
    JEFFREY STULL

    Listing agent JEFFREY STULL License #SP-9693735

    Listing office CENTURY 21 ALLIANCE-O1O4J 909 WEST AVE, NJ

    Listing date Jan 3, 2026

    MLS# 603443

    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.

    HighLights

    • Two detached buildings on a 155' x 185' lot, with parking for approximately 22 cars
    • Building A has approx. 2,194 SF and is vacant and ready for your business
    • Building A upgrades include new roof, siding, windows, heat & A/C
    • Building B has approx. 1,624 SF and is vacant and ready to use or lease
    • Heating includes forced air, oil, natural gas, baseboard, and hot water; cooling: central air
    • Town Center Core zone permits a wide range of uses; includes public water and an asphalt roof

    Overview

    This offering includes two detached commercial buildings on a large lot, providing flexible space for a single operator or separate concepts. Building A totals approximately 2,194 square feet and features numerous interior and exterior upgrades, including a new roof, siding, windows, and heat and A/C. It was recently operated as a health and wellness center and is now vacant and ready for your business. Building B provides approximately 1,624 square feet and is also vacant, offering an additional option for use or lease.

    The property is located on Roosevelt Blvd in Marmora, NJ, on a primary artery in and out of Ocean City. North and South Parkway entrances and exits are described as just a few hundred yards away, supporting convenient access for customers. Parking for approximately 22 cars is available on-site, helping accommodate employees and visitors.

    Zoned Town Center Core (TCC), the property is positioned to support a wide range of uses. With the combination of upgraded turnkey space in Building A and a second building ready for occupancy in Building B, this configuration can fit well for wellness operators, related service providers, or buyers seeking an adaptable setup for leasing and business growth.
    Property Profile Location Intelligence

    Current Use by Public Records

    Spa & wellness properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Rooted Wellness — 38 Tuckahoe Rd, Marmora, NJ 08223
    • NovaCare Rehabilitation in partnership with AtlantiCare - Marmora — 210 S Shore Rd Suite 203, Marmora, NJ 08223
    • Ivy Rehab Physical Therapy — 4 Roosevelt Blvd, Marmora, NJ 08223

    Location Insight

    • Map
    • Local Demand
    City
    Marmora
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.6461278
    Latitude
    39.2638509

    Nearby Similar for Sale

    • $574,900
      2,194 SF

      Renovated Commercial Condo on Large Lot

      Recently renovated commercial condo with high visibility near Ocean City.
      16 Roosevelt Blvd, Marmora, NJ 08226
      View Details
    • $349,900

      Detached Office Condo with Parking

      Vacant detached office condo with multiple entrances, office rooms, and shared parking for flexible tenant or suite configurations.
      20 Roosevelt Blvd, Marmora, NJ 08223
      View Details

    FAQs

    What type of property is this?
    Spa & wellness property - Two detached buildings on a large lot with ample parking, positioned for strong visibility on a main travel corridor.
    Where is this spa & wellness property located?
    The property is located at 16-20 Roosevelt Blvd Marmora, NJ.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: Two detached buildings on a 155' x 185' lot, with parking for approximately 22 cars; Building A has approx. 2,194 SF and is vacant and ready for your business; Building A upgrades include new roof, siding, windows, heat & A/C
    (609) 214-5635
    We can help!
    Listing Contact
    JEFFREY STULL
    Real Estate License ID: SP-9693735
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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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    16-20 Roosevelt Blvd, Marmora, NJ 08223
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