Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Professional Office Space For Rent Title is generated by Realmo AI

    408 Bethel Rd, Somers Point, NJ 08244

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Well-designed suite with flexible layout in Somers Point, NJ.

    Type:Office
    Added:
    Feb 3, 2022
    Days on Market:
    1564
    Last Refresh:
    Mar 20 at 8:06 pm

    Property Features for 408 Bethel Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Lee Jerome

    Listing agent Lee Jerome License #NJ 1004962

    Listing office Levin Commercial Real Estate

    Listing date Feb 3, 2022

    Source Crexi

    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 Levin Commercial Real Estate

    HighLights

    • Prime location in the heart of Somers Point.
    • Flexible layout with six private offices and a central open bullpen.
    • Includes a boardroom, reception area, and kitchenette.
    • Well‑designed suite suitable for various professional uses.
    • Built in 1986.
    • Professional space.

    Overview

    This professional office space is located in Somers Point, New Jersey. The suite features six private offices, a boardroom, a reception area, and a kitchenette. The layout includes perimeter offices combined with a central open bullpen, creating a flexible space suitable for a variety of professional uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Genova Judith L Physician Joel Krachman, DO Physician Roseberry Janel L Physician Danielle Gosner Physician Cheatam Hope Dental Office

    Suggested Use

    Real Estate Agency Law Firm 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
    Somers Point
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.593889
    Latitude
    39.323462

    Nearby Similar for Lease

    • $2,300/Mo

      Medical/Professional Office Space Available

      Versatile office space in growing healthcare corridor. Excellent visibility.
      803 New Rd Road, Somers Point, NJ 08244
      View Details
    • $2,500/Mo

      Standalone Warehouse Unit For Lease

      1971 SF warehouse unit, Route 9 access, HC-1 zoning.
      604 New Rd Road, Somers Point, NJ 08244
      View Details
    • $5,000/Mo

      High-Clearance Warehouse Space Available

      High-clearance warehouse and retail space in Somers Point, NJ.
      600 New Rd Road, Somers Point, NJ 08244
      View Details
    • $2,000/Mo

      Somers Point Commercial Space Available

      Prime Route 9 location with flexible leasing options.
      604 New Rd Road, Somers Point, NJ 08244
      View Details
    • $4,000/Mo

      Mixed-Use Building with Bay Views

      Three-story mixed-use building with flexible office and residential space.
      110 E Maryland Ave Ave, Somers Point, NJ 08244
      View Details
    • $20 SF/Yr
      1,845 SF

      Somers Point Office Condo For Rent

      Office condo near Shore Memorial Hospital with multiple private offices.
      599 Shore Road, Somers Point, NJ 08244
      View Details
    • Contact for pricing
      3,000 SF

      Retail Pad in Anchored Center

      Available retail pad in Target and Acme anchored center.
      212 New Rd , Somers Point , NJ, 8244
      View Details
    • Contact for pricing
      9,500 SF

      New Retail and Office Space

      Commercial redevelopment with retail, office, and restaurant spaces for rent.
      331 New Rd, Somers Point, NJ
      View Details
    • Contact for pricing

      Medical/Professional Office Space Available

      Versatile space for medical, wellness, or professional services.
      803 New Rd, Somers Point, NJ 08244
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space in Somers Point

      Retail space available in Somers Point near major retailers.
      250 US-9, Somers Point, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - Well-designed suite with flexible layout in Somers Point, NJ.
    Where is this office units located?
    The property is located at 408 Bethel Rd Somers Point, NJ.
    What are key features of this property?
    This property features: Prime location in the heart of Somers Point.; Flexible layout with six private offices and a central open bullpen.; Includes a boardroom, reception area, and kitchenette.
    (609) 344-5200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lee Jerome
    Real Estate License ID: NJ 1004962
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    408 Bethel Rd, Somers Point, NJ 08244
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!