Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    834 Asbury Ave Ocean City, NJ 08226

    Sponsored
    For Sale
    $1,279,000

    Other - Ocean City, NJ

    Property size:
    2,700 SF
    Days on Market:
    3
    Last Refresh:
    Feb 7 at 3:06 am

    Property Features for 834 Asbury Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    2
    EntryLevel
    Lower,Upper
    Size
    2,700 SF

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Number of units
    3

    We can help!

    Listing Contact
    HENRY (DISSTON) VANDERSLICE

    Compass New Jersey-Ocean City (O463H) (609) 398-6200

    Listing agent HENRY (DISSTON) VANDERSLICE (609) 398-6200 License #0903201

    Listing date Feb 5, 2026

    MLS# 604461 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

    Asbury Avenue Mixed-Use Property

    This property on Asbury Avenue presents an opportunity for business owners, featuring a commercial storefront with two tenant-occupied rental units above. The first-floor commercial unit offers approximately 2700 square feet of space. The first rental unit includes 3 bedrooms, while the second rental unit features 2 bedrooms, providing a potential income stream. The property is situated in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Angel's Painting Services ... Painting Creative Window Design ... Interior Design

    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
    -74.5756925
    Latitude
    39.2794407

    Nearby Similar for Sale

    • $5,349,900
      3,890 SF

      Beachblock Duplex Near Boardwalk

      Duplex near the beach with rental history and ocean views.
      909 4Th St, Ocean City, NJ 08226
      View Details
    • New
      $3,400,000
      3,200 SF

      New Construction Duplex Near Beach

      New construction duplex near the beach in Ocean City, NJ.
      227-29 Ocean Ave, Ocean City, NJ 08226
      View Details
    • $2,499,999
      2,000 SF

      Prime Ocean City Investment Opportunity

      High-traffic corner property with commercial units and apartments in Ocean City.
      503-505 E 9Th St, Ocean City, NJ 08226
      View Details
    • $1,795,000

      Ocean City Landmark Business Opportunity

      Established market with real estate, thriving business, and prime location.
      1340 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $5,599,999

      Ocean City Duplex with Ocean Views

      Immaculate duplex in Ocean City's Gold Coast neighborhood.
      2924-26 Wesley Ave, Ocean City, NJ 08226
      View Details
    • $8,750,000

      Dual Hotel Portfolio, Ocean City

      Two Ocean City hotels offered as a combined hospitality package.
      726-730 Ocean Ave, Ocean City, NJ 08226
      View Details
    • $199,999
      Pending

      Turn-Key Restaurant Franchise Opportunity

      Established franchise restaurant for sale in downtown Ocean City, NJ.
      656 Asbury-Business Only Ave, Ocean City, NJ 08226
      View Details
    • $1,425,000

      Historic Ocean City Apartment Opportunity

      Unique Ocean City property with 11 kitchens and 17 baths.
      611 E 7Th St, Ocean City, NJ 08226
      View Details
    • $1,425,000
      4,321 SF

      Ocean City Bed and Breakfast

      Unique property with 18 bedrooms in Ocean City, NJ.
      611 7Th St, Ocean City, NJ 08226
      View Details
    • $1,425,000
      6,440 SF

      Historic Ocean City Multifamily Opportunity

      Historic Ocean City property with 11 kitchens and 17 baths.
      611 E 7Th St, Ocean City, NJ 08226
      View Details
    • $1,470,000

      Ocean City Duplex Near Beach

      Duplex near the beach and boardwalk in Ocean City, NJ.
      617 Ocean Ave, Ocean City, NJ 08226
      View Details
    • $1,470,000

      Ocean City Duplex Near Beach

      Duplex near the beach and boardwalk in Ocean City, NJ.
      617 Ocean Ave, Ocean City, NJ 08226
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial storefront with two rental units in prime location.
    Where is this mixed-use property located?
    The property is located at 834 Asbury Ave Ocean City, NJ.
    What is the asking price?
    The asking price for this property is $1,279,000.
    What are key features of this property?
    This property features: - Prime location on Asbury Ave.; - Commercial storefront with two rental units.; - Steady income stream from tenant-occupied rental units.
    (609) 398-6200
    Request Owner's contact information
    834 Asbury 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.
    834 Asbury 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
    834 Asbury 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
    HENRY (DISSTON) VANDERSLICE
    Real Estate License ID: 0903201
    (609) 398-6200
    Learn more
    Google sign-in failed. Please try again or use another login method.