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    Private Second-Floor Office Suite Title is generated by Realmo AI

    761 Asbury Ave, Ocean City, FL 08226

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    New
    For Lease
    $1,450 /Mo

    SINGLE_FAMILY - Ocean City, FL

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

    Property Features for 761 Asbury Ave

    General Information

    Property type
    Residential
    Property subtype
    Office
    Interior features
    Elevator Pass, Restroom, Smoke/Fire Alarm
    Exterior features
    Sign
    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
    Gas (Cooling), Central Air
    Water source
    Public

    Building Details

    Number of units
    1
    Flooring type
    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, FL

    Listing date Jun 3, 2026

    MLS# 608525

    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

    • Private second‑floor office suite in the iconic Lululemon Building with elevator access and a private side entrance
    • Flexible 5‑room layout with options for multiple private offices, a conference room, and a reception area
    • Shared kitchenette and restroom facilities included on the second floor
    • Built‑in accessibility with an accessible elevator installed
    • Utilities/services: public water and public sewer; heating includes forced air (natural gas) and central air with gas cooling
    • Offered at $1,450/month with minimum 3‑year lease term and YOY increases; office has no windows

    Overview

    This private second-floor office suite is located within the iconic Lululemon Building and is designed for professional service use. The suite includes a flexible five-room layout that can support multiple private offices, along with a conference room and reception area. The space is positioned directly off the elevator for straightforward arrival and wayfinding, and it also provides a private side entrance. Shared amenities include access to a kitchenette and restroom facilities. The office is an interior space with no windows.

    The suite sits on the second floor, in a professional setting with other established tenants on the same level. Parking is available on-street year-round. Tenants may also purchase a seasonal parking pass from the City to use the municipal lot off 7th and Central Ave.

    The configuration and shared waiting/reception support make this suite practical for attorneys, accountants, financial advisors, consultants, insurance professionals, real estate teams, marketing firms, and similar business service providers. With elevator access and a dedicated side entrance, the layout is well suited for regular client visits and a consistent, office-focused work environment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ocean Abstract Co Title Company Christina Amey Architect ... Architect Ron Jon Surf ... (Bike/Boat/Book/etc) Store Advisors Mortgage Group ... Loan Service Ameriprise Financial Financial Advisor

    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
    Florida
    Longitude
    -74.5746512
    Latitude
    39.2799452

    FAQs

    What type of property is this?
    Office units - Interior second-floor office suite with private side entrance and elevator access for client-facing professional services.
    Where is this office units located?
    The property is located at 761 Asbury Ave Ocean City, FL.
    What is the lease rate?
    The lease rate is $1,450 /Mo.
    What are key features of this property?
    This property features: Private second‑floor office suite in the iconic Lululemon Building with elevator access and a private side entrance; Flexible 5‑room layout with options for multiple private offices, a conference room, and a reception area; Shared kitchenette and restroom facilities included on the second floor
    (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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