Office Building with Finished Lower
For Sale
$399,000
3840 Bayshore Road, North Cape May, NJ 08204
COMMERCIAL/INDUSTRIAL, North Cape May, NJ
Property Size704 SF
Lot Size0.12 Acres
Price / SF$566.76
Days on Market29
Property Features for 3840 Bayshore Road
General Information
Property type
Residential
Property subtype
Office
Zoning
GB-1
Parking features
Off Street
Interior features
220 Volt Electricity, Handicap Features, Restroom, Storage
Exterior features
Sign
Accessibility
Accessible Approach with Ramp
Lot features
Mainland, Business District
Subdivision
North Cape May
Standard status
Active
Size
704 SF
Lot size
0.12 Acres
Additional Details
Property Use
Office
Condition
Turnkey
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3824
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Building Details
Year built
1966
Number of units
1
Flooring type
Carpet - Partial, Concrete
Additional Structures
Storage
Buildings
1
Listing Agency:
RE/MAX SURFSIDE
(609) 884-4242
Listed By:
Brian Groetsch, Jr · License #0451111
(609) 972-6339
Added: Oct 5
Changed: Nov 2
Last Checked: Nov 2 at 12:06PM
MLS# 262934
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
Based on property information with market context.
The 704-square-foot office building at 3840 Bayshore Road has a reception area, open work and conference space, three private offices, and a restroom on the main floor. A finished lower level provides a break room with kitchenette cabinetry, a utility and laundry room, and separate storage. Interior features include vaulted ceilings, recessed LED lighting, tile in common areas, and carpet tile in offices. Heating is natural gas forced air, with central air conditioning on both levels.
The property occupies a 50-by-102-foot lot in the GB-1 General Business zone and is outside the flood hazard area. City water and sewer serve the building. Five parking spaces, including one accessible space, are provided, along with an entry ramp and a lighted sign facing Bayshore Road.
The zoning allows professional, medical, therapy, retail, cafe, and laundromat uses. The property is also within the GB-1 Cannabis Overlay, where Class 5 retail and Class 6 delivery are permitted subject to township requirements.
The property occupies a 50-by-102-foot lot in the GB-1 General Business zone and is outside the flood hazard area. City water and sewer serve the building. Five parking spaces, including one accessible space, are provided, along with an entry ramp and a lighted sign facing Bayshore Road.
The zoning allows professional, medical, therapy, retail, cafe, and laundromat uses. The property is also within the GB-1 Cannabis Overlay, where Class 5 retail and Class 6 delivery are permitted subject to township requirements.
Key Highlights
- 704‑square‑foot office building with finished lower level
- Main floor includes three private offices, reception, and open conference/work area
- Finished lower level includes break room, utility/laundry room, and separate storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,515
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$230,300
$230.3K
Cap Rate 7%
$164,500
$164.5K
Cap Rate 9%
$127,944
$127.9K
Market Conditions
NOI Build-Up for 704 SF
Gross rent
$19.7K $27.96/SF
− Vacancy
−$4.3K −$6.15/SF
EGI
$15.4K $21.81/SF
− OpEx
−$3.8K −$5.45/SF
NOI
$11.5K $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%
$230,300
Cap Rate 7%
$164,500
Cap Rate 9%
$127,944
Alternative Uses
Best Use
Office B
$164.5K
$143.9K – $191.9K
NOI $11,515 @ 7.0% cap · market cap 2.89%
Second Best
Healthcare Medical
$158.4K
$138.6K – $184.8K
NOI $11,088 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$215.5K
$188.6K – $251.4K
NOI $15,085 @ 7.0% cap · market cap 3.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Explore this area
Business Placement
Demographics for 08204, NJ
17,090
Population
13,101
Households
1.3
Avg Household Size
54
Median Age
38%
College-Educated
95%
High-School Grad
20.5 sq mi
ZIP Area
834
Density / Sq Mi
$80,782
Median Household Income
$46,104
Median Earnings
$1,149
Median Rent
$399,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - GB-1 zoning allows professional, medical, therapy, retail, cafe, and laundromat uses, subject to applicable requirements.
Where is this office building located?
The property is located at 3840 Bayshore Road North Cape May, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 704‑square‑foot office building with finished lower level; Main floor includes three private offices, reception, and open conference/work area; Finished lower level includes break room, utility/laundry room, and separate storage
