Office
For Sale
$299,000
3324 Simpson Ave, Ocean City, NJ 08226
Professional complex setting with a functional layout and ample parking.
Property Size580 SF
Price / SF$515.52
Days on Market72
Property Features for 3324 Simpson Ave
General Information
Standard status
Active
Size
580 SF
Additional Details
Office Units
1
Taxes and HOA fees
Annual Taxes
$828
Listing Agency:
RIORDAN REAL ESTATE INC.
Listed By:
Brian Riordan
(609) 408-6359
Source:
Exprealty
Added: Aug 7
Changed: Oct 14
Last Checked: Oct 16 at 10:36AM
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 RIORDAN REAL ESTATE INC.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial condominium is located within Traders Lane, a professional complex in Ocean City. The property offers a functional layout suited to office, professional, and service-oriented business uses, with ample parking serving the complex.
The property is positioned at 3324 Simpson Avenue and provides an accessible commercial setting for an owner-occupant or investor. Its condominium format offers a distinct office unit within an established professional environment.
The property is positioned at 3324 Simpson Avenue and provides an accessible commercial setting for an owner-occupant or investor. Its condominium format offers a distinct office unit within an established professional environment.
Key Highlights
- Commercial condominium within Traders Lane professional complex
- Functional interior layout for office, professional, or service‑oriented uses
- Ample parking available at the complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,487
Cap Rate
3.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,740
$189.7K
Cap Rate 7%
$135,529
$135.5K
Cap Rate 9%
$105,411
$105.4K
Market Conditions
NOI Build-Up for 580 SF
Gross rent
$16.2K $27.96/SF
− Vacancy
−$3.6K −$6.15/SF
EGI
$12.6K $21.81/SF
− OpEx
−$3.2K −$5.45/SF
NOI
$9.5K $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%
$189,740
Cap Rate 7%
$135,529
Cap Rate 9%
$105,411
Alternative Uses
Best Use
Office B
$135.5K
$118.6K – $158.1K
NOI $9,487 @ 7.0% cap · market cap 3.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.5K
$155.4K – $207.1K
NOI $12,428 @ 7.0% cap · market cap 4.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Explore this area
Business Placement
Demographics for 08226, NJ
11,229
Population
20,905
Households
0.5
Avg Household Size
57
Median Age
55%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
1,651
Density / Sq Mi
$101,782
Median Household Income
$54,323
Median Earnings
$1,670
Median Rent
$719,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Professional complex setting with a functional layout and ample parking.
Where is this office units located?
The property is located at 3324 Simpson Ave Ocean City, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Commercial condominium within Traders Lane professional complex; Functional interior layout for office, professional, or service‑oriented uses; Ample parking available at the complex
