Duplex with Mixed-Use
For Sale
$789,000
820 Shore Road, Somers Point, NJ 08244
Two-unit property offers residential and flexible work-use possibilities, subject to city approval for mixed-use combinations.
Property Size2,494 SF
Price / SF$316.36
Days on Market475
Property Features for 820 Shore Road
General Information
Standard status
Active
Size
2,494 SF
Total Parking Spaces
6
Property subtype
Multi-Family / Other
Zoning
HVC
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$7,759
Amenities
No
2+ Access Exits
No Pool
Above Grade, Below Grade
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Keller Williams Realty - Atlantic Shore
(609) 839-7904
Listed By:
Rosalie Hadulias · License #16077
(609) 839-7904
Source:
Compass
Added: May 13, 2025
Changed: Aug 30
Last Checked: Aug 30 at 12:47PM
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 Keller Williams Realty - Atlantic Shore
Investment Insights
Based on property information with market context.
This 2,494-square-foot duplex at 820 Shore Road includes two units within a building constructed in 1900. Unit 820 permits commercial or residential use, while Unit 822 is designated for professional or residential use. The property was previously approved as two condominiums and has been returned to a duplex configuration. The HVC zoning designation supports the stated mixed-use framework, with any combination of uses subject to city approval.
Six off-street parking spaces serve the property. Restaurants, bars, Gateway Playhouse, the Paddle Club, the marina, and the beach are described as walkable destinations. A bus stop is located less than 1 mile away. The property is in Somers Point City within Atlantic County and the Somers Point school district.
Six off-street parking spaces serve the property. Restaurants, bars, Gateway Playhouse, the Paddle Club, the marina, and the beach are described as walkable destinations. A bus stop is located less than 1 mile away. The property is in Somers Point City within Atlantic County and the Somers Point school district.
Key Highlights
- 2,494 SF duplex on a 0.06‑acre parcel
- Unit 820 allows commercial or residential use
- Unit 822 supports professional or residential use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$37,036
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$740,720
$740.7K
Cap Rate 7%
$529,086
$529.1K
Cap Rate 9%
$411,511
$411.5K
Market Conditions
NOI Build-Up for 2,494 SF
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.
Gross rent
$67.3K $27.00/SF
− Vacancy
−$8.1K −$3.24/SF
EGI
$59.3K $23.76/SF
− OpEx
−$22.2K −$8.91/SF
NOI
$37.0K $14.85/SF
Area
Atlantic County, NJ
Vacancy
12.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$740,720
Cap Rate 7%
$529,086
Cap Rate 9%
$411,511
Alternative Uses
Best Use
Mixed Use
$529.1K
$463.0K – $617.3K
NOI $37,036 @ 7.0% cap · market cap 4.69%
Second Best
Office B
$522.0K
$456.8K – $609.0K
NOI $36,540 @ 7.0% cap · market cap 4.63%
Theoretical Best
Warehouse
$928.7K
$812.7K – $1.08M
NOI $65,012 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 08244, NJ
10,535
Population
5,898
Households
1.8
Avg Household Size
47
Median Age
30%
College-Educated
89%
High-School Grad
4.9 sq mi
ZIP Area
2,150
Density / Sq Mi
$67,500
Median Household Income
$38,709
Median Earnings
$1,266
Median Rent
$278,500
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.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property offers residential and flexible work-use possibilities, subject to city approval for mixed-use combinations.
Where is this duplex located?
The property is located at 820 Shore Road Somers Point, NJ.
What is the asking price?
The asking price for this property is $789,000.
What are key features of this property?
This property features: 2,494 SF duplex on a 0.06‑acre parcel; Unit 820 allows commercial or residential use; Unit 822 supports professional or residential use
