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    701 West Ave Ocean City, NJ 08226

    View on Map
    Sponsored
    For Lease
    $500 /Mo

    Office/Professional - Ocean City, NJ

    Days on Market:
    1
    Last Refresh:
    Mar 15 at 7:06 pm

    Property Features for 701 West Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security Lighting
    Rooms
    Basement
    Interior features
    220 Volt Electricity, Elevator Pass, Restroom, Smoke/Fire Alarm
    Exterior features
    Sign, Security Light/System
    Basement Y/N
    1
    Accessibility
    Accessible Elevator Installed

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Gas (Cooling)

    Building Details

    Floors in Building
    3
    Number of units
    9
    Flooring type
    Carpet, Linoleum, Vinyl
    Building materials
    Stucco
    Roof type
    Flat

    We can help!

    Listing Contact
    KRISTINA DOLISZNY

    eXp Realty - Ocean City, West (609) 513-1126

    Listing agent KRISTINA DOLISZNY (609) 513-1126 License #1220497

    Listing date Mar 15, 2026

    MLS# 605650 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Professional Office Spaces in Ocean City

    Professional office and business service spaces are available for lease, either individually or in combinations of two or three, to suit specific business needs. Monthly lease prices range from $500 to $650 for individual small offices, $750 to $850 for medium-sized offices, and $1500 to $2800 for multiple offices designated for a single use. Utilities are billed as CAM. A minimum two-year lease is required. Located at the high-visibility intersection of 7th Street and West Avenue, the 701 West Avenue Professional Office Building is situated in the heart of Ocean City's central business district, near the Asbury Avenue shopping neighborhood and off the 9th Street Bridge corridor, providing convenient access to and from the island. The building's elevator provides access to all floors, including the parking and street level. A parking pass is included with all leases for off-site summer parking. Onsite parking is included with larger spaces only. This upgraded site aims to elevate workspaces and professional image, potentially supporting increased profits in a vibrant business community.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Young Daniel J Law Firm Integrity Physical Therapy ... Physician The Title Company Of Jersey Title Company JAG Physical Therapy Medical Clinic DeLanzo Chiropractic Center: ... Alternative Medicine Practice

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.574241
    Latitude
    39.2813391

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    FAQs

    What type of property is this?
    Office units - Professional office spaces available in a prime Ocean City location.
    Where is this office units located?
    The property is located at 701 West Ave Ocean City, NJ.
    What is the lease rate?
    The lease rate is $500 /Mo.
    What are key features of this property?
    This property features: - Premier location at the high-visibility intersection of 7th & West Ave in Ocean City's central business district.; - Easy access on and off the island via the 9th St Bridge corridor.; - Variety of office sizes available.
    (609) 412-5547
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    701 West Ave Ocean City, NJ 08226
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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
    701 West Ave Ocean City, NJ 08226
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    We can help!
    Listing Contact
    KRISTINA DOLISZNY
    Real Estate License ID: 1220497
    (609) 412-5547 (609) 513-1126 (609) 399-5454
    Learn more
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