Renovated Office
For Sale
$549,900
16 Roosevelt Blvd, Marmora, NJ 08226
COMMERCIAL/INDUSTRIAL, Marmora, NJ
Property Size2,194 SF
Lot Size0.66 Acres
Price / SF$250.64
Days on Market141
Property Features for 16 Roosevelt Blvd
General Information
Property type
Residential
Property subtype
Office
Zoning
TCC
Rooms
Basement
Parking features
Off Street
Security features
Security System
Interior features
Restroom, Security System
Exterior features
Sign
Lot features
Business District
Directions
Parkway exit 25 to Roosevelt Blvd, then west to #16
Subdivision
Upper Twp
Standard status
Active
Lot size
0.66 Acres
Taxes and HOA fees
Tax Year
2025
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Number of units
1
Flooring type
Linoleum
Roof type
Asphalt
Listing Agency:
CENTURY 21 ALLIANCE-O1O4J
(609) 399-5711
Listed By:
JEFFREY STULL · License #9693735
(609) 214-5635
Added: May 30
Changed: Sep 30
Last Checked: Oct 17 at 6:06PM
MLS# 608398
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Building 16 is a detached commercial condominium containing approximately 2,194 square feet on a 155' x 185' lot. The vacant space includes a restroom, security system, linoleum flooring, basement space, an exterior sign, off-street parking, and public water service. Recent improvements include the roof, siding, windows, heating, and air conditioning systems. Heating is provided by forced air and natural gas, with central air conditioning.
The property is located at 16 Roosevelt Blvd in Marmora, NJ, near North and South Parkway entrances and exits that are described as a few hundred yards away. TCC, or Town Center Core, zoning permits a wide range of uses. The space was most recently operated as a health and wellness center and is available for a new business configuration.
The property is located at 16 Roosevelt Blvd in Marmora, NJ, near North and South Parkway entrances and exits that are described as a few hundred yards away. TCC, or Town Center Core, zoning permits a wide range of uses. The space was most recently operated as a health and wellness center and is available for a new business configuration.
Key Highlights
- Approximately 2,194 square feet in Building 16
- 155' x 185' lot
- Recently updated roof, siding, windows, heating, and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,886
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,720
$717.7K
Cap Rate 7%
$512,657
$512.7K
Cap Rate 9%
$398,733
$398.7K
Market Conditions
NOI Build-Up for 2,194 SF
Gross rent
$61.3K $27.96/SF
− Vacancy
−$13.5K −$6.15/SF
EGI
$47.8K $21.81/SF
− OpEx
−$12.0K −$5.45/SF
NOI
$35.9K $16.36/SF
Area
Cape May County, NJ
Vacancy
22.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,720
Cap Rate 7%
$512,657
Cap Rate 9%
$398,733
Alternative Uses
Best Use
Office B
$512.7K
$448.6K – $598.1K
NOI $35,886 @ 7.0% cap · market cap 6.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$671.6K
$587.6K – $783.5K
NOI $47,011 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Vacant commercial condo with upgraded building systems and Town Center Core zoning.
Where is this office units located?
The property is located at 16 Roosevelt Blvd Marmora, NJ.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Approximately 2,194 square feet in Building 16; 155' x 185' lot; Recently updated roof, siding, windows, heating, and air conditioning
