Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Detached Office Condo with Parking Title is generated by Realmo AI

    20 Roosevelt Blvd, Marmora, NJ 08223

    View on Map
    Claim this Listing
    New
    For Sale
    $349,900

    SINGLE_FAMILY - Marmora, NJ

    Type:Office
    Property size:
    1,624 SF
    Lot size:
    0.66 Acres
    Price / SF:
    $215/SF
    Added:
    May 30, 2026
    Days on Market:
    5
    Last Refresh:
    Jun 3 at 7:06 am

    Property Features for 20 Roosevelt Blvd

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    TCC
    Parking features
    Off Street
    Interior features
    Restroom, Smoke/Fire Alarm
    Exterior features
    Sign
    Standard status
    Active
    Lot size
    0.66 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Heating system
    Other (Heating), Oil, Hot Water(Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Flooring type
    Carpet
    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 May 30, 2026

    MLS# 608482

    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

    • 155' x 185' lot with an affordable detached commercial condo in Ocean City
    • Building 20 (east side) offers about 1,624 SF with 5 office rooms and 2 full bathrooms
    • 3 separate entrances for flexible suite configurations and split use potential
    • Approximately 22 off‑street parking spaces shared between two condos
    • Town Center Core zoning permits a wide range of uses
    • Vacant and ready for occupancy; features include central air, public water, asphalt roof, and smoke/fire alarm

    Overview

    This detached commercial condo is set up for business use and is currently vacant and ready for occupancy. Building 20 (east side) includes approximately 1,624 square feet with five office rooms and two full bathrooms. The layout provides three separate entrances, supporting flexible suite configurations and potential split use. Recent usage included mortgage lending and awning businesses, and the space is ready to be adapted to a new operation. The property sits on a large 155' x 185' lot and is zoned TCC, a Town Center Core district permitting a wide range of uses.

    The property is positioned on one of the primary arteries in and out of Ocean City, with North & South Parkway entrances and exits a few hundred yards away. Total parking is approximately 22 cars, divided between the two condos, providing practical on-site convenience for customers, employees, and visitors.

    With its flexible entry and room count, this office condo can fit a variety of service-based tenants seeking a stand-alone business setting with straightforward customer access. The combination of multiple entrances and split use potential may also appeal to owners or operators looking to configure the space to match their workflow while benefiting from shared parking.

    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 $45.4k $27.96
    − Vacancy −$10.0k −$6.15
    EGI $35.4k $21.81
    − OpEx −$8.9k −$5.45
    NOI $26.6k $16.36
    1,624 SF · lease $27.96/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $379.5K
    $332.0K – $442.7K (±1% cap)
    NOI $26,563 @ 7.0% cap · market cap 7.59%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $497.1K
    $435.0K – $580.0K (±1% cap)
    NOI $34,798 @ 7.0% cap · market cap 9.95%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Law Offices of Vincent ... Law Firm Milita II James Law Firm Ocean City Nor'easters Sports School

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Marmora
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.645068
    Latitude
    39.263354

    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
    • $849,900

      Health & Wellness Multi-Building

      Two detached buildings on a large lot with ample parking, positioned for strong visibility on a main travel corridor.
      16-20 Roosevelt Blvd, Marmora, NJ 08223
      View Details

    FAQs

    What type of property is this?
    Office units - Vacant detached office condo with multiple entrances, office rooms, and shared parking for flexible tenant or suite configurations.
    Where is this office units located?
    The property is located at 20 Roosevelt Blvd Marmora, NJ.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: 155' x 185' lot with an affordable detached commercial condo in Ocean City; Building 20 (east side) offers about 1,624 SF with 5 office rooms and 2 full bathrooms; 3 separate entrances for flexible suite configurations and split use potential
    (609) 214-5635
    We can help!
    Listing Contact
    JEFFREY STULL
    Real Estate License ID: SP-9693735
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20 Roosevelt Blvd, Marmora, NJ 08223
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!