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    521 Woodbine-Oceanview Ocean View, NJ 08230

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    Sponsored
    For Sale
    $869,777

    Commercial/Industrial - Ocean View, NJ

    Property size:
    6,000 SF
    Days on Market:
    2
    Last Refresh:
    Mar 30 at 7:06 am

    Property Features for 521 Woodbine-Oceanview

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security Lighting, Security System
    Zoning
    Commercial
    Interior features
    Handicap Features, Restroom, Security System, Smoke/Fire Alarm, Storage, Security Camera
    Exterior features
    Storage Building, Truck Door, Sign, Fence, Security Light/System
    Fencing
    Fenced
    Accessibility
    Accessible Approach with Ramp
    Size
    6,000 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    2007
    Floors in Building
    1
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Concrete
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Mary Oteri

    PRUDENTIAL FOX & ROACH - OC/Battersea

    Listing agent Mary C. Oteri License #1968538

    Listing date Mar 29, 2026

    MLS# 260792 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.

    Learn more

    Overview

    Ocean View Commercial Warehouse Condo

    This 6,000 square foot commercial warehouse condo is located in Ocean View, NJ. The property features approximately 1,000 square feet of professionally finished office space, including a foyer, reception area, kitchenette, two private offices (or office and conference room), and two restrooms. The warehouse space offers 5,000 square feet of open area with 20-foot clear ceilings. Two 12-foot by 14-foot drive-in doors provide access for loading. There is also an enclosed workstation within the warehouse with steps leading to extra storage. The property includes three reserved parking spaces plus one ADA-compliant space, along with access to a large, shared parking lot. It is located minutes from Garden State Parkway Exit 17 and directly on Route 550, a county-designated truck route, providing access to Cape May and Atlantic County markets. The property is suited for contractors, distribution, or light manufacturing users seeking a turnkey operational space.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Ocean View
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.7111
    Latitude
    39.2089

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    FAQs

    What type of property is this?
    Flex space - 6,000 SF flex industrial condo with office space.
    Where is this flex space located?
    The property is located at 521 Woodbine-Oceanview Ocean View, NJ.
    What is the asking price?
    The asking price for this property is $869,777.
    What are key features of this property?
    This property features: - Prime location on Route 550, a designated truck route, offering excellent regional connectivity and easy access to major markets.; - 6,000 SF commercial warehouse with **5,000 SF of open warehouse space** and 1,000 SF of finished office space.; - **20’ clear height ceilings** providing outstanding capacity and flexibility.
    (856) 366-9577
    Request Owner's contact information
    521 Woodbine-Oceanview Ocean View, NJ 08230
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    Ocean View, NJ 08230
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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
    521 Woodbine-Oceanview Ocean View, NJ 08230
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    Listing Contact
    Mary Oteri
    Real Estate License ID: 1968538
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