16 Roosevelt Blvd Commercial Condo, Marmora, NJ 08226

Building Details

Buildings 1 More

Building Size 2,194 SF More

Listing Agency: CENTURY 21 Alliance

Listed By: Jeffrey Stull · License #9693735 Show Phone

Source: Crexi

Added: Jul 28 Changed: Nov 4 Last Checked: Nov 6 at 6:26AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

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

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Active Spine and Joint ... Alternative Medicine Practice Rossell Ferrer Counselor Scott Land Transfer Title Company Dagostino Patrick Insurance Agency

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Auto Parts Store Electrical Service Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Average Price Trend$/SF for Office Units in Cape May County, NJ

$362 Jul

$454 Aug

$306 Sep

$393 Oct

Properties on Market for Office Units in Cape May County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Renovated Detached Wellness Condo

1-16 Roosevelt Blvd, Marmora, NJ 08226

$549,900

2,194 SF

View details

Office Unit with Multiple Entrances

20 Roosevelt Blvd, Marmora, NJ 08223

$324,900

View details

Executive Office Condominium

46 Roosevelt Blvd, Marmora, NJ 08223

Contact for pricing

1,500 SF

View details

Professional Office Suite

510 S Shore Rd, Marmora, NJ 08223

Contact for pricing

1,000 SF

View details

Freestanding Storefront Property

205 ROOSEVELT BOULEVARD, Marmora, NJ 08223

Contact for pricing

2,300 SF

View details

Two-Unit Mixed-Use Property

32-34 Tuckahoe Road, Marmora, NJ 08223

$425,000

View details

Storefront Retail Property

135 S Shore Road, Marmora, NJ 08223

Contact for pricing

1.57 Acres

View details

Retail Space in Strip Center

232 S Shore Road, Marmora, NJ 08223

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Office unit - Detached commercial condominium with updated building systems and Town Center Core zoning.

Where is this office unit 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 $549,900.

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