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    Executive Office Suites on Third Floor Title is generated by Realmo AI

    701 West Ave Suite #301, Ocean City, NJ 08226

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    COMMERCIAL - Ocean City, NJ

    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 1:06 am

    Property Features for 701 West Ave Suite #301

    General Information

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

    Taxes and HOA fees

    Tax Year
    2026

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air, Gas (Cooling)
    Water source
    Public

    Building Details

    Number of units
    1
    Flooring type
    Linoleum, Carpet
    Roof type
    Flat

    We can help!

    Listing Contact
    KRISTINA DOLISZNY

    Listing agent KRISTINA DOLISZNY License #1220497

    Listing office eXp Realty - Ocean City O382L 701 West Ave, Ocean City, NJ

    Listing date Jun 3, 2026

    MLS# 608535

    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

    • 9 private executive office suites available for lease at the Ocean City Business Center (all offices listed for lease individually).
    • Offices are on the 3rd floor with elevator access and a dedicated restroom.
    • All‑inclusive lease amenities include all utilities and high‑speed WiFi throughout the business center.
    • On‑site parking available, plus building directory inclusion and office door signage for tenant name.
    • Conference room available for private meetings and presentations, along with complimentary use of the beverage/coffee bar.
    • Monthly rates range from $625 to $1,400; immediate occupancy available.

    Overview

    Executive office suites are available at the Ocean City Business Center on the 3rd floor of a renovated office building. The center offers a selection of nine private executive offices, available individually or in combinations to support needs ranging from solo professionals to growing teams. Suites feature an upscale nautical interior design and include a welcoming reception area with custom shiplap carpentry and hardwood flooring. Tenants also have complimentary use of a beverage/coffee bar and access to a conference room for private meetings and presentations.

    The Business Center is designed for straightforward day-to-day operations, with elevator access and on-site parking available for occupants and guests. Immediate availability is offered, and the center supports both short-term leasing and flexible long-term options while space is available.

    Leases include practical essentials for tenants, including all utilities, high-speed WiFi throughout the center, and a dedicated restroom. The business also receives interior building directory inclusion and office door signage, helping establish a professional presence for client-facing work. These offices can fit attorneys, accountants, consultants, financial advisors, realtors, healthcare administration, and other professionals seeking private, client-ready space with shared amenities and the option to adjust their office footprint as their business changes.
    Property Profile 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 - Private executive offices with shared conference space, utilities included, and on-site parking at a renovated business center.
    Where is this office units located?
    The property is located at 701 West Ave Suite #301 Ocean City, NJ.
    What are key features of this property?
    This property features: 9 private executive office suites available for lease at the Ocean City Business Center (all offices listed for lease individually).; Offices are on the 3rd floor with elevator access and a dedicated restroom.; All‑inclusive lease amenities include all utilities and high‑speed WiFi throughout the business center.
    (609) 412-5547
    We can help!
    Listing Contact
    KRISTINA DOLISZNY
    Real Estate License ID: 1220497
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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.

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