Office Condo with Multiple
20 Roosevelt Blvd Commercial Condo, Marmora, NJ 08223
For Sale
Contact for pricing
Vacant office condominium with flexible suite configuration and Town Center Core zoning.
Property Size1,624 SF
Lot Size0.66 Acres
Price / SF$200.06
Days on Market102
Property Features for 20 Roosevelt Blvd Commercial Condo
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Highway Access
Listing Agency:
CENTURY 21 Alliance
Listed By:
Jeffrey Stull · License #9693735
(609) 214-5635
Source:
Crexi
Added: Jul 28
Changed: Nov 2
Last Checked: Nov 6 at 7:11AM
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
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Investment Insights
Based on property information with market context.
Building 20 is a detached office condominium offering approximately 1,624 square feet of commercial space. The east-side unit includes five office rooms, two full bathrooms, and three separate entrances that support varied suite arrangements. The property is vacant and configured for a business occupant.
The property is located at 20 Roosevelt Blvd in Marmora, with North and South Parkway entrances and exits a few hundred yards away. The site measures 155 feet by 185 feet, and approximately 22 parking spaces are divided between the two condominiums. Town Center Core zoning permits a wide range of uses, providing flexibility for office-oriented operations.
The property is located at 20 Roosevelt Blvd in Marmora, with North and South Parkway entrances and exits a few hundred yards away. The site measures 155 feet by 185 feet, and approximately 22 parking spaces are divided between the two condominiums. Town Center Core zoning permits a wide range of uses, providing flexibility for office-oriented operations.
Key Highlights
- Approximately 1,624 sq. ft. office condominium
- Five office rooms and two full bathrooms
- Three separate entrances support varied suite configurations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,563
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,260
$531.3K
Cap Rate 7%
$379,471
$379.5K
Cap Rate 9%
$295,144
$295.1K
Market Conditions
NOI Build-Up for 1,624 SF
Gross rent
$45.4K $27.96/SF
− Vacancy
−$10.0K −$6.15/SF
EGI
$35.4K $21.81/SF
− OpEx
−$8.9K −$5.45/SF
NOI
$26.6K $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%
$531,260
Cap Rate 7%
$379,471
Cap Rate 9%
$295,144
Alternative Uses
Best Use
Office B
$379.5K
$332.0K – $442.7K
NOI $26,563 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.1K
$435.0K – $580.0K
NOI $34,798 @ 7.0% cap · market cap 10.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
Demographics for 08223, NJ
4,116
Population
2,352
Households
1.8
Avg Household Size
46
Median Age
50%
College-Educated
99%
High-School Grad
13.0 sq mi
ZIP Area
317
Density / Sq Mi
$100,000
Median Household Income
$67,531
Median Earnings
$1,642
Median Rent
$353,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Cape May County, NJ
Properties on Market for Office Units in Cape May County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant office condominium with flexible suite configuration and Town Center Core zoning.
Where is this office unit located?
The property is located at 20 Roosevelt Blvd Commercial Condo Marmora, NJ.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Approximately 1,624 sq. ft. office condominium; Five office rooms and two full bathrooms; Three separate entrances support varied suite configurations
