Multi-Unit Office and Apartment
2004 Bayshore Road Villas, NJ 08251
2004 Bayshore Road, Villas, NJ, 08251
$1,200,000
For Sale
$1,200,000
COMMERCIAL - Villas, NJ
Property Size6,700 SF
Lot Size0.97 Acres
Price / SF$179.10
Days on Market8
Property Features for 2004 Bayshore Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Off Street
- Exterior features
- Sign
- Standard status
- Active
- Lot size
- 0.97 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13552
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Electric (Heating), Propane (Heating)
- Cooling system
- Central Air, Electric, Window Unit(s)
- Water source
- Well
Building Details
- Number of units
- 6
Listing Agency
Re/Max Surfside-Cape May
(609) 884-4242
315 Ocean St, Suite 24, Cape May, NJ
Listed by
KATHLEEN HARRON · License #0447965
(609) 780-3938
Added: Jul 13 Updated: Jul 19 at 6:47 pm Checked: Jul 20 at 5:06 pm
MLS# 609984
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 fully leased multi-unit commercial property includes approximately 6,700 square feet of income-producing space with five commercial units and one residential apartment, all currently occupied. Improvements since 2022 include expansion to the five commercial units and one apartment, new siding, back-lit signage, expanded parking, parking lot improvements, and complete renovations of the second-floor office and the one-bedroom apartment.
The property is located on Bayshore Road, south of Fulling Mill Road, offering visibility and traffic exposure. The tenant mix includes a physician, chiropractor, real estate office, linen company, and a residential tenant.
The building provides an operating configuration designed for multiple simultaneous occupancies, with on-site parking and a recently updated exterior and parking area supporting day-to-day access.
The property is located on Bayshore Road, south of Fulling Mill Road, offering visibility and traffic exposure. The tenant mix includes a physician, chiropractor, real estate office, linen company, and a residential tenant.
The building provides an operating configuration designed for multiple simultaneous occupancies, with on-site parking and a recently updated exterior and parking area supporting day-to-day access.
Key Highlights
- Nearly $100,000 in annual gross rental income from a fully leased building with six occupied units (five commercial units and one residential apartment).
- Approximately 6,700 SF income‑producing space on Bayshore Road, south of Fulling Mill Road, with off‑street parking.
- Tenant mix includes a physician, chiropractor, real estate office, linen company, and one residential tenant.
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 | $187.3k | $27.96 |
| − Vacancy | −$41.2k | −$6.15 |
| EGI | $146.1k | $21.81 |
| − OpEx | −$36.5k | −$5.45 |
| NOI | $109.6k | $16.36 |
6,700 SF · lease $27.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,589 @ 7.0% cap · market cap 9.13%
Second Best
Healthcare Medical
$1.51M
$1.32M – $1.76M
NOI $105,525 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$2.05M
$1.79M – $2.39M
NOI $143,562 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Waisbern Medical
Pediatrician
Hirshorn Carl L ...
Physician
Waisbren Medicine
Medical Clinic
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FAQs
What type of property is this?
Office units - Fully leased building on Bayshore Road with five commercial units and one residential apartment.
Where is this office units located?
The property is located at 2004 Bayshore Road Villas, NJ.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Nearly $100,000 in annual gross rental income from a fully leased building with six occupied units (five commercial units and one residential apartment).; Approximately 6,700 SF income‑producing space on Bayshore Road, south of Fulling Mill Road, with off‑street parking.; Tenant mix includes a physician, chiropractor, real estate office, linen company, and one residential tenant.
