Renovated Detached Wellness
For Sale
$574,900
1-16 Roosevelt Blvd, Marmora, NJ 08226
Renovated detached commercial condo on a large lot, with new roof, siding, windows, and HVAC.
Property Size2,194 SF
Lot Size0.66 Acres
Price / SF$262.03
Days on Market64
Property Features for 1-16 Roosevelt Blvd
General Information
Standard status
Active
Size
2,194 SF
Lot size
0.66 Acres
Zoning
Town Center Core
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
CENTURY 21 ALLIANCE-O1O4J
Listed By:
JEFFREY STULL
Source:
Exprealty
Added: May 30
Changed: Jul 10
Last Checked: Jul 31 at 8:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 ALLIANCE-O1O4J
Investment Insights
Based on property information with market context.
This recently renovated detached commercial condo offers a turnkey shell for a service-focused business. Building 16 totals approximately 2,194 square feet and includes multiple interior and exterior upgrades. Improvements cited include a new roof, siding, windows, and new heat and A/C, and the property is currently vacant after being operated as a health and wellness center.
The building sits on a large 155' x 185' lot and is positioned for visibility on one of the primary arteries in and out of Ocean City. North and South Parkway entrances and exits are described as only a few hundred yards away, supporting convenient access for employees and guests.
With its Town Center Core zoning, the space is described as permitting a wide range of uses. That flexibility, combined with its recently updated building systems and health/wellness-oriented configuration, may fit spa and wellness operators, healthcare-related businesses, or office tenants seeking an updated, detached commercial condo ready for occupancy.
The building sits on a large 155' x 185' lot and is positioned for visibility on one of the primary arteries in and out of Ocean City. North and South Parkway entrances and exits are described as only a few hundred yards away, supporting convenient access for employees and guests.
With its Town Center Core zoning, the space is described as permitting a wide range of uses. That flexibility, combined with its recently updated building systems and health/wellness-oriented configuration, may fit spa and wellness operators, healthcare-related businesses, or office tenants seeking an updated, detached commercial condo ready for occupancy.
Key Highlights
- Recently renovated detached commercial condo with 2,194 SF in Building 16
- Large 155' x 185' lot with detached commercial condo building
- Updates include new roof, siding, and windows, plus new Heat & A/C
Financial Insights For Office B
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 | $61.3k | $27.96 |
| − Vacancy | −$13.5k | −$6.15 |
| EGI | $47.8k | $21.81 |
| − OpEx | −$12.0k | −$5.45 |
| NOI | $35.9k | $16.36 |
2,194 SF · lease $27.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$512.7K
$448.6K – $598.1K
NOI $35,886 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.6K
$587.6K – $783.5K
NOI $47,011 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
119
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08226, NJ
11,229
Population
20,905
Households
0.5
Avg Household Size
57
Median Age
55%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
1,651
Density / Sq Mi
$101,782
Median Household Income
$54,323
Median Earnings
$1,670
Median Rent
$719,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Rooted Wellness — 38 Tuckahoe Rd, Marmora, NJ 08223
- NovaCare Rehabilitation in partnership with AtlantiCare - Marmora — 210 S Shore Rd Suite 203, Marmora, NJ 08223
- Massage By Bee, LMT — 507 route 9 south, marmora, nj 08223
- All The Feels Healing Space — 507 US-9, Marmora, NJ 08223
- Ivy Rehab Physical Therapy — 4 Roosevelt Blvd, Marmora, NJ 08223
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Renovated detached commercial condo on a large lot, with new roof, siding, windows, and HVAC.
Where is this spa & wellness property located?
The property is located at 1-16 Roosevelt Blvd Marmora, NJ.
What is the asking price?
The asking price for this property is $574,900.
What are key features of this property?
This property features: Recently renovated detached commercial condo with 2,194 SF in Building 16; Large 155' x 185' lot with detached commercial condo building; Updates include new roof, siding, and windows, plus new Heat & A/C
