Renovated Office
For Sale
Contact for pricing
16 Roosevelt Blvd Commercial Condo, Marmora, NJ 08226
Detached commercial condominium with updated building systems and Town Center Core zoning.
Property Size2,194 SF
Lot Size0.66 Acres
Price / SF$262.03
Days on Market10
Property Features for 16 Roosevelt Blvd Commercial Condo
General Information
Standard status
Active
Size
2,194 SF
Lot size
0.66 Acres
Property subtype
Office
Zoning
Town Center Core
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
2,194 SF
Listing Agency:
CENTURY 21 Alliance
(609) 214-5635
Listed By:
Jeffrey Stull · License #9693735
Source:
Crexi
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 5 at 5:52AM
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
Investment Insights
Based on property information with market context.
This detached commercial condominium provides approximately 2,194 square feet of recently renovated office space. Improvements include a new roof, siding, windows, heating, and air conditioning. The property is vacant and was most recently used as a health and wellness center, offering an existing commercial layout for a range of office-oriented operations.
The building occupies a 155' x 185' lot on Roosevelt Blvd, a primary route serving Ocean City. North and south Parkway entrances and exits are located a few hundred yards away, providing direct regional access. Town Center Core zoning permits a wide range of uses, subject to applicable requirements.
The building occupies a 155' x 185' lot on Roosevelt Blvd, a primary route serving Ocean City. North and south Parkway entrances and exits are located a few hundred yards away, providing direct regional access. Town Center Core zoning permits a wide range of uses, subject to applicable requirements.
Key Highlights
- Approximately 2,194 square feet of office space
- Detached commercial condominium on a 155' x 185' lot
- Recent upgrades include roof, siding, windows, heat, and 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
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office units - Detached commercial condominium with updated building systems and Town Center Core zoning.
Where is this office units located?
The property is located at 16 Roosevelt Blvd Commercial Condo 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: Approximately 2,194 square feet of office space; Detached commercial condominium on a 155' x 185' lot; Recent upgrades include roof, siding, windows, heat, and A/C
