Detached Office Condo with
20 Roosevelt Blvd Marmora, NJ 08223
20 Roosevelt Blvd, Marmora, NJ, 08223
$349,900
For Sale
$349,900
SINGLE_FAMILY - Marmora, NJ
Property Size1,624 SF
Lot Size0.66 Acres
Price / SF$215.46
Days on Market51
Property Features for 20 Roosevelt Blvd
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- TCC
- Parking features
- Off Street
- Interior features
- Restroom, Smoke/Fire Alarm
- Exterior features
- Sign
- Standard status
- Active
- Lot size
- 0.66 Acres
Taxes and HOA fees
- Tax Year
- 2025
Utilities
- Heating system
- Oil, Hot Water(Heating), Other (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Flooring type
- Carpet
- 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 6:06 am
MLS# 608482
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 set up for business use and is currently vacant and ready for occupancy. Building 20 (east side) includes approximately 1,624 square feet with five office rooms and two full bathrooms. The layout provides three separate entrances, supporting flexible suite configurations and potential split use. Recent usage included mortgage lending and awning businesses, and the space is ready to be adapted to a new operation. The property sits on a large 155' x 185' lot and is zoned TCC, a Town Center Core district permitting a wide range of uses.
The property is positioned on one of the primary arteries in and out of Ocean City, with North & South Parkway entrances and exits a few hundred yards away. Total parking is approximately 22 cars, divided between the two condos, providing practical on-site convenience for customers, employees, and visitors.
With its flexible entry and room count, this office condo can fit a variety of service-based tenants seeking a stand-alone business setting with straightforward customer access. The combination of multiple entrances and split use potential may also appeal to owners or operators looking to configure the space to match their workflow while benefiting from shared parking.
The property is positioned on one of the primary arteries in and out of Ocean City, with North & South Parkway entrances and exits a few hundred yards away. Total parking is approximately 22 cars, divided between the two condos, providing practical on-site convenience for customers, employees, and visitors.
With its flexible entry and room count, this office condo can fit a variety of service-based tenants seeking a stand-alone business setting with straightforward customer access. The combination of multiple entrances and split use potential may also appeal to owners or operators looking to configure the space to match their workflow while benefiting from shared parking.
Key Highlights
- Detached commercial condo on a 155' x 185' lot in Ocean City, NJ.
- Building 20 (east side) offers approx. 1,624 SF with 5 office rooms and 2 full bathrooms.
- 3 separate entrances for flexible suite configurations and split use potential.
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 | $45.4k | $27.96 |
| − Vacancy | −$10.0k | −$6.15 |
| EGI | $35.4k | $21.81 |
| − OpEx | −$8.9k | −$5.45 |
| NOI | $26.6k | $16.36 |
1,624 SF · lease $27.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$379.5K
$332.0K – $442.7K
NOI $26,563 @ 7.0% cap · market cap 7.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Offices of Vincent ...
Law Firm
Milita II James
Law Firm
Ocean City Nor'easters
Sports School
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FAQs
What type of property is this?
Office units - Vacant detached office condo with multiple entrances, office rooms, and shared parking for flexible tenant or suite configurations.
Where is this office units located?
The property is located at 20 Roosevelt Blvd Marmora, NJ.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Detached commercial condo on a 155' x 185' lot in Ocean City, NJ.; Building 20 (east side) offers approx. 1,624 SF with 5 office rooms and 2 full bathrooms.; 3 separate entrances for flexible suite configurations and split use potential.
