Multi-Unit Office and
2004 Bayshore Road Villas, NJ 08251
New
2004 Bayshore Road, Villas, NJ, 08251
$1,200,000
For Sale
$1,200,000
SINGLE_FAMILY - Villas, NJ
Property Size6,850 SF
Lot Size0.98 Acres
Price / SF$175.18
Days on Market5
Property Features for 2004 Bayshore Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- GB
- Rooms
- Office
- Parking features
- Off Street
- Interior features
- Handicap Features, Living Space Available, Restroom
- Exterior features
- Sign
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 6,850 SF
- Lot size
- 0.98 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13552
Utilities
- Heating system
- Propane (Heating), Natural Gas, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Number of units
- 6
- Flooring type
- Linoleum, Carpet - Partial
Listing Agency
RE/MAX SURFSIDE
(609) 884-4242
315 Ocean Street Suite #24, NJ
Listed by
Kathleen Harron · License #0447965
(609) 780-3938
Added: Jul 13 Checked: Jul 17 at 1:06 pm
MLS# 261896
Copyright © 2026 Cape May County Association of Realtors. 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 high-visibility commercial property is fully leased and configured with approximately 6,700 square feet of income-producing space, including five commercial units and one residential apartment. All units are currently occupied. Since 2022, the property has undergone significant improvements, including expansion to five commercial units and one apartment, new siding, back-lit signage, expanded and improved parking, and complete renovations to the second-floor office and the one-bedroom apartment.
Located at 2004 Bayshore Road in Villas, NJ, the property benefits from visibility and traffic exposure as described in the listing. The current tenant mix includes a physician, chiropractor, real estate office, and linen company, along with the residential apartment.
The property is zoned GB and offers immediate rental income with nearly $100,000 in annual gross rental revenue as stated. The seller is also willing to consider below-market, first-position seller financing for qualified buyers, subject to mutually acceptable terms, buyer qualification, and loan documentation.
Located at 2004 Bayshore Road in Villas, NJ, the property benefits from visibility and traffic exposure as described in the listing. The current tenant mix includes a physician, chiropractor, real estate office, and linen company, along with the residential apartment.
The property is zoned GB and offers immediate rental income with nearly $100,000 in annual gross rental revenue as stated. The seller is also willing to consider below-market, first-position seller financing for qualified buyers, subject to mutually acceptable terms, buyer qualification, and loan documentation.
Key Highlights
- Nearly $100,000 annual gross rental income; fully leased with all units currently occupied
- About 6,700 SF income‑producing space with 5 commercial units and 1 residential apartment
- Located on Bayshore Road, south of Fulling Mill Road, with back‑lit signage and a sign
Local Financial Insights For Healthcare Medical
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 | $205.5k | $30.00 |
| − Vacancy | −$25.7k | −$3.75 |
| EGI | $179.8k | $26.25 |
| − OpEx | −$71.9k | −$10.50 |
| NOI | $107.9k | $15.75 |
6,850 SF · lease $30.00/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,043 @ 7.0% cap · market cap 9.34%
Second Best
Healthcare Medical
$1.54M
$1.35M – $1.80M
NOI $107,888 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,776 @ 7.0% cap · market cap 12.23%
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
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Fully leased mixed-use property with five commercial office units and an apartment, recently renovated with expanded parking.
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 annual gross rental income; fully leased with all units currently occupied; About 6,700 SF income‑producing space with 5 commercial units and 1 residential apartment; Located on Bayshore Road, south of Fulling Mill Road, with back‑lit signage and a sign
