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    2004 Bayshore Villas, NJ 08251

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    Claim this Listing
    For Sale
    $1,075,000

    Office/Professional - Villas, NJ

    Property size:
    6,850 SF
    Lot size:
    0.99 Acres
    Added:
    Oct 22, 2025
    Days on Market:
    179
    Last Refresh:
    Apr 18 at 4:06 am

    Property Features for 2004 Bayshore

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    GB
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Handicap Features, Living Space Available, Restroom
    Exterior features
    Sign
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    6,850 SF
    Lot size
    0.99 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13552

    Utilities

    Heating system
    Electric (Heating), Natural Gas, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Floors in Building
    2
    Number of units
    6
    Flooring type
    Carpet, Carpet - Partial, Linoleum, Vinyl
    Building materials
    Other, See Remarks
    Architectural style
    Other

    We can help!

    Listing Contact
    Kathleen Harron

    Listing agent Kathleen Harron License #0447965

    Listing office RE/MAX SURFSIDE 315 Ocean Street Suite #24, NJ

    Listing date Oct 22, 2025

    MLS# 253134 Listing URL

    Copyright © 2026 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Producing Mixed-Use Commercial Complex

    This fully leased, income-producing mixed-use commercial complex is situated on the mainland, minutes from Cape May and the Wildwoods. The property features six units across two buildings on nearly one acre along the highly visible Bayshore Rd. corridor. The complex includes a 2,500 sq. ft. medical office in the front building and three approximately 1,000 sq. ft. commercial suites. The second floor includes two additional units: a fully renovated one-bedroom apartment and a modern private office suite. All units are separately metered, and ground-floor units are easily accessible with ramps. Recent improvements include expanded paved parking with approximately 34 spaces and new vinyl siding installed in 2023. Enhanced back-lit roadside signage has been added, and approved use expansion allows for five commercial units and one residential unit. The property benefits from strong visibility and increasing traffic flow along the southern Bayshore commercial corridor in Villas. The property is zoned GB. The property size is 6,850 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waisbern Medical Pediatrician Hirshorn Carl L ... Physician Waisbren Medicine Medical Clinic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Villas
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.9377938
    Latitude
    39.0157606

    Nearby Similar for Sale

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      Established Auto Shop Business Opportunity

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    • $1,075,000

      Income-Producing Mixed-Use Commercial Complex

      Fully leased complex near Cape May and Wildwoods.
      2004 Bayshore Road, Villas, NJ 08251
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased complex near Cape May and Wildwoods with six units.
    Where is this mixed-use property located?
    The property is located at 2004 Bayshore Villas, NJ.
    What is the asking price?
    The asking price for this property is $1,075,000.
    What are key features of this property?
    This property features: Fully leased, income‑producing mixed‑use commercial complex.; Prime location on highly visible Bayshore Rd. corridor.; Six units offering diverse income streams.
    (609) 780-3938
    We can help!
    Listing Contact
    Kathleen Harron
    Real Estate License ID: 0447965
    Learn More
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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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