Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    701 West Ave Ocean City, NJ 08226

    Sponsored
    For Lease
    $2,800 /Mo

    Office/Professional - Ocean City, NJ

    Property size:
    1,100 SF
    Days on Market:
    18
    Last Refresh:
    Feb 2 at 6:06 am

    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
    Size
    1,100 SF

    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
    1
    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 Jan 16, 2026

    MLS# 603910 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

    Modern Office Suite in Ocean City

    This modern office suite offers approximately 1,100 square feet of space within a newly renovated office building, situated in the heart of Ocean City's business district. The suite features three private offices, a reception area, a waiting room, and a staff kitchenette, along with a private bathroom. Elevator access and on-site parking are available. The location at 7th and West Avenue provides prime visibility and convenient access on and off the island. Natural light fills the space through large windows. The office is individually metered for gas and electric, with water billed through CAM. ADA-compliant accessibility is ensured with elevator access to the parking lot, plus an optional stairwell to all floors. On-site parking is available, along with ample street parking. Exterior and interior signage opportunities are available. The 701 West Ave Professional Building is located at a highly visible intersection at 7th and West Avenue, near the Asbury Avenue Shopping District and the 9th Street Bridge corridor. The office is move-in ready with a minimum lease term of three years, plus utilities and CAM. This space is suitable for various professional uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Young Daniel J Attorney Integrity Physical Therapy ... Physical Therapist The Title Company Of Jersey Title Company JAG Physical Therapy Physical Therapy Clinic DeLanzo Chiropractic Center: ... Chiropractor

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness 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

    Nearby Similar for Lease

    • $14,000 /Mo

      Prime Corner Retail Opportunity

      High-traffic corner lot available for lease in September 2025.
      900 Bay Ave, Ocean City, NJ 08226
      View Details
    • $1,350 /Mo
      780 SF

      Asbury Avenue Office Space

      Adaptable 780 SF office space in historic downtown Ocean City.
      810 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $350 /Mo

      Professional Office Space in Ocean City

      Flexible office and coworking space in the heart of Ocean City.
      1301 West Ave, Ocean City, NJ 08226
      View Details
    • $1,300 /Mo

      Ocean City Office Space Available

      Bright, adaptable 780 SF office space in Ocean City.
      810 Asbury Ave Ave, Ocean City, NJ 08226
      View Details
    • $1,300 /Mo
      556 SF

      Ocean City Office with Water Views

      Landmark building in Ocean City with downtown and water views.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $1,300 /Mo

      Ocean City Office with Water Views

      Landmark Ocean City office space with downtown and water views.
      801 Asbury Ave Ave, Ocean City, NJ 08226
      View Details
    • $18,000 /Mo

      Ocean City Commercial Space Available

      Versatile commercial space in high-traffic area, ideal for various businesses.
      800 Atlantic Ave, Ocean City, NJ 08226
      View Details
    • $1,250 /Mo
      500 SF

      Asbury Avenue Commercial Office Suite

      Versatile 500 SF office suite in high-traffic location.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $1,250 /Mo

      Asbury Ave Office Suite

      Versatile 500 SF office suite on Asbury Ave.
      801 Asbury Ave Ave, Ocean City, NJ 08226
      View Details

    FAQs

    What type of property is this?
    Office space - Renovated office suite with parking in Ocean City's business district.
    Where is this office space located?
    The property is located at 701 West Ave Ocean City, NJ.
    What are key features of this property?
    This property features: - Prime location in the heart of Ocean City's business district at 7th & West Ave, offering high visibility and easy access on and off the island.; - Newly renovated, modern office suite with approximately 1,100 sq ft of well-laid-out workspace.; - Includes **3 private offices, a reception area, waiting room, staff kitchenette, and private bathroom.**
    (609) 412-5547
    Request Owner's contact information
    701 West Ave Ocean City, NJ 08226
    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.
    701 West Ave
    Ocean City, NJ 08226
    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
    701 West Ave Ocean City, NJ 08226
    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

    We can help!
    Listing Contact
    KRISTINA DOLISZNY
    Real Estate License ID: 1220497
    (609) 412-5547
    Learn more
    Google sign-in failed. Please try again or use another login method.