Prime Commercial Property, Somers
98 New Road Somers Point, NJ 08244
98 New Road, Somers Point, NJ, 08244
$549,900
For Sale
Under Contract
$549,900
COMMERCIAL - Somers Point, NJ
Property Size3,500 SF
Lot Size0.51 Acres
Price / SF$157.11
Days on Market190
Property Features for 98 New Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R-1
- Standard status
- Active Under Contract
- Size
- 3,500 SF
- Lot size
- 0.51 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12506
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
Building Details
- Year built
- 1952
Listing Agency
eXp Realty - Ocean City S382K
(866) 201-6210
1336 Asbury Ave, Suite A, Ocean City, NJ
Listed by
JEFFREY QUINTIN · License #9134206
(866) 201-6210
Added: Jan 7 Checked: Jul 16 at 5:06 pm
MLS# 603569
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.
Investment Insights
Based on property information with market context.
This commercial property is situated on a corner lot with high visibility, benefiting from over 36,000 vehicles passing daily. The property offers approximately 3,500 square feet of flexible space and is located within Somers Point's General Business (GB) zone. The ground floor features an open layout adaptable for separate offices, with two entrances, plus a rear retail or office space. The second floor provides additional office space and a full bathroom. The GB zoning permits a range of uses, including retail shops, professional offices, restaurants, beauty salons, and health clubs. The location is across from a new Chick-fil-A and Panera Bread. Ample parking is available, and there is easy access to major roadways. The lot size is 0.51 acres.
Key Highlights
- Prime location on a highly visible corner lot with over 36,000 daily traffic count.
- Flexible 3,500 sq. ft. space suitable for various business needs.
- General Business (GB) zoning allows for a wide range of uses (retail, offices, restaurants, etc.).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $52.5k | $15.00 |
| − Vacancy | −$4.5k | −$1.28 |
| EGI | $48.0k | $13.73 |
| − OpEx | −$14.4k | −$4.12 |
| NOI | $33.6k | $9.61 |
3,500 SF · lease $15.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$732.6K
$641.0K – $854.7K
NOI $51,279 @ 7.0% cap · market cap 9.33%
Second Best
Retail
$480.4K
$420.3K – $560.4K
NOI $33,626 @ 7.0% cap · market cap 6.11%
Theoretical Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,236 @ 7.0% cap · market cap 16.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Advanced Dental Concepts, ...
Dental Office
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Highly visible commercial property with flexible space in Somers Point.
Where is this retail space located?
The property is located at 98 New Road Somers Point, NJ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Prime location on a highly visible corner lot with over 36,000 daily traffic count.; Flexible 3,500 sq. ft. space suitable for various business needs.; General Business (GB) zoning allows for a wide range of uses (retail, offices, restaurants, etc.).
