1-16 Roosevelt Blvd, Marmora, NJ 08226
Renovated detached commercial condo on a large lot, with new roof, siding, windows, and HVAC.
- Added:
- May 30, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 16 at 1:59 am
Property Features for 1-16 Roosevelt Blvd
General Information
- Standard status
- Active
- Size
- 2,194 SF
- Lot size
- 0.66 Acres
Listing agent JEFFREY STULL
Listing office CENTURY 21 ALLIANCE-O1O4J
Listing date May 30, 2026
Source Exprealty
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All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 ALLIANCE-O1O4J
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
- Previously operated as a health & wellness center; now vacant and ready for occupancy
- Town Center Core zone permits a wide range of uses
- Ocean City primary‑artery frontage with North & South Parkway entrances/exits a few hundred yards away
Overview
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.
Local 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 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Ivy Rehab Physical Therapy — 4 Roosevelt Blvd, Marmora, NJ 08223
Location Insight
- Map
- Local Demand
- City
- Marmora
- County
- Cape May
- State
- New Jersey
- Longitude
- -74.646697
- Latitude
- 39.264875
