Renovated Commercial Condo on Large
16 Roosevelt Blvd Marmora, NJ 08226
16 Roosevelt Blvd, Marmora, NJ, 08226
$574,900
For Sale
$574,900
SINGLE_FAMILY - Marmora, NJ
Property Size2,194 SF
Lot Size0.66 Acres
Price / SF$262.03
Days on Market51
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
- Standard status
- Active
- Size
- 2,194 SF
- Lot size
- 0.66 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Heating system
- Forced Air, Natural Gas
- 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
909 WEST AVE, NJ
Listed by
JEFFREY STULL · License #SP-9693735
(609) 214-5635
Added: May 30 Checked: Jul 19 at 12:06 am
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.
Investment Insights
Based on property information with market context.
This detached commercial condo is situated on a 155' x 185' lot. Located on one of the primary roads in and out of Ocean City, the property offers exposure and visibility, with North & South Parkway entrances/exits a few hundred yards away. Building 16 features approximately 2194 sq. ft. Upgrades and improvements include a new roof, siding, windows, heat, and A/C. Recently operated as a health & wellness center, the property is now vacant. The "Town Center Core" zone permits a range of uses.
Key Highlights
- Approximately 2,194 SF detached commercial condo building with basement
- 155' x 185' lot size with building sign included
- Newer upgrades reported: roof, siding, windows, heat, and central A/C
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 |
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Active Spine and Joint ...
Alternative Medicine Practice
Rossell Ferrer
Counselor
Scott Land Transfer
Title Company
Dagostino Patrick
Insurance Agency
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FAQs
What type of property is this?
Office units - Recently renovated commercial condo with high visibility near Ocean City.
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 $574,900.
What are key features of this property?
This property features: Approximately 2,194 SF detached commercial condo building with basement; 155' x 185' lot size with building sign included; Newer upgrades reported: roof, siding, windows, heat, and central A/C
