Commercial Office
3324 Simpson Avenue, Ocean City, NJ 08226
For Sale
$299,000
COMMERCIAL/INDUSTRIAL, Ocean City, NJ
Property Size580 SF
Price / SF$515.52
Days on Market95
Property Features for 3324 Simpson Avenue
General Information
Property type
Property subtype
Zoning
Rooms
Interior features
Lot features
Subdivision
Standard status
Size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Flooring type
Listing Agency:
RIORDAN REAL ESTATE INC.
(609) 263-3235
Listed By:
Brian Riordan · License #790140
(609) 408-6359
Added: Aug 7
Changed: Oct 27
Last Checked: Nov 9 at 5:06AM
MLS# 262188
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.
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Investment Insights
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This 580-square-foot commercial condominium provides a compact office configuration with an office and laundry room. Interior features include a display window, smoke/fire alarm, full carpeting, central air conditioning, and natural gas heating. The property was built in 1975 and is zoned Com.
Located at 3324 Simpson Avenue in Ocean City, the unit is part of a professional commercial complex with access to on-site parking. Its setting supports office, professional, and service-oriented business uses identified for the space.
Located at 3324 Simpson Avenue in Ocean City, the unit is part of a professional commercial complex with access to on-site parking. Its setting supports office, professional, and service-oriented business uses identified for the space.
Key Highlights
- 580‑square‑foot commercial condominium office unit
- Zoned Com for commercial use
- Central air conditioning and natural gas heating
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.
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Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
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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
$719,100
Median Home Value
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Market
Average Price Trend$/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 - Well-maintained office condominium with a functional layout, central air, display window, and on-site parking.
Where is this office unit located?
The property is located at 3324 Simpson Avenue 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: 580‑square‑foot commercial condominium office unit; Zoned Com for commercial use; Central air conditioning and natural gas heating
