Building Details

Year Built 1970

Listing Agency: BHHS Fox & Roach-Northfield Show Phone

Listed By: Richard Baehrle · License #8436462 Show Phone

Source: Cummingsrealtors

Added: Aug 20 Changed: Oct 15 Last Checked: Oct 14 at 11:27PM

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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 BHHS Fox & Roach-Northfield

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Investment Insights

Based on property information with market context.

This freestanding storefront property contains 2,300 SF on a 2.2-acre site and was previously operated as a restaurant. The building dates to 1970 and offers signage opportunities along Roosevelt Boulevard, with off-street parking serving the property. CM-2 zoning supports the stated commercial positioning, including potential retail, café, food service, or professional office use.

The property benefits from access to both northbound and southbound Garden State Parkway connections. Its Roosevelt Boulevard setting places the building along a heavily traveled corridor, providing a practical combination of roadway presence and regional accessibility for a future commercial operation.

Key Highlights

• 2,300 SF freestanding commercial building
• 2.2‑acre property with ample off‑street parking
• CM‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,662

Suggested Prices Based on Cap Rates

Cap Rate 5%

$533,240 $533.2K

Cap Rate 7%

$380,886 $380.9K

Cap Rate 9%

$296,244 $296.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,300 SF

Gross rent

$41.4K $18.00/SF

− Vacancy

−$3.3K −$1.44/SF

EGI

$38.1K $16.56/SF

− OpEx

−$11.4K −$4.97/SF

NOI

$26.7K $11.59/SF

Area

Cape May County, NJ

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$533,240

Cap Rate 7%

$380,886

Cap Rate 9%

$296,244

Alternative Uses

Best Use

Retail

$380.9K

$333.3K – $444.4K (±1% cap)

NOI $26,662 @ 7.0% cap · market cap 772.81%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$704.0K

$616.0K – $821.4K (±1% cap)

NOI $49,283 @ 7.0% cap · market cap 1,428.49%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Petrosh's Big Top Party Supply Store

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

186

Businesses Nearby

11k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 86% Home Improvements & Furnishings 8% Shops & Services 6%

Dunkin' Donuts Dining

9,271 visits/mo 0.5 miles

Visiting Angels Home Improvements & Furnishings

878 visits/mo 0.3 miles

Public Storage Shops & Services

685 visits/mo 0.5 miles

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

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Professional Office Suite

510 S Shore Rd, Marmora, NJ 08223

Contact for pricing

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Frequently Asked Questions

What type of property is this?

Storefront property - CM-2-zoned commercial space with roadway exposure, regional highway connectivity, and off-street parking on a sizable parcel.

Where is this storefront property located?

The property is located at 205 ROOSEVELT BOULEVARD Marmora, NJ.

What are key features of this property?

This property features: 2,300 SF freestanding commercial building; 2.2‑acre property with ample off‑street parking; CM‑2 zoning