Executive Office
For Sale
Contact for pricing
46 Roosevelt Blvd, Marmora, NJ 08223
Three private offices are arranged around shared meeting, reception, kitchen, restroom, and storage areas.
Property Size1,500 SF
Price / SF$0.53
Days on Market118
Property Features for 46 Roosevelt Blvd
General Information
Standard status
Active
Size
1,500 SF
Property subtype
COMMERCIAL
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Condition
Turnkey
Property Use
Executive Suites
Taxes and HOA fees
Annual Taxes
$4,378
Amenities
shared conference room
reception and waiting area
modern kitchen
updated restroom
additional storage
utilities included
high speed internet included
Listing Agency:
Keller Williams Realty Jersey Shore - Ocean City
Listed By:
PATRICK DAVISH · License #1008911
(609) 827-3108
Source:
Hartmanhometeam
Added: Jul 2
Changed: Oct 27
Last Checked: Oct 27 at 3:42AM
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 Keller Williams Realty Jersey Shore - Ocean City
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Investment Insights
Based on property information with market context.
This office condominium provides approximately 1,500 SF of professional workspace, including three private offices, a shared conference room, reception and waiting space, a kitchen, a restroom, and additional storage. Improvements include luxury vinyl plank flooring, glass office partitions, a replacement HVAC system, and updated kitchen and restroom areas.
The property is at 46 Roosevelt Blvd in Marmora, New Jersey. Access to northbound and southbound Garden State Parkway entrances is nearby. Utilities and high-speed internet are included.
The property is at 46 Roosevelt Blvd in Marmora, New Jersey. Access to northbound and southbound Garden State Parkway entrances is nearby. Utilities and high-speed internet are included.
Key Highlights
- Approximately 1,500 SF of office condominium space
- Three private offices plus a shared conference room
- Reception and waiting area, kitchen, restroom, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,535
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,700
$490.7K
Cap Rate 7%
$350,500
$350.5K
Cap Rate 9%
$272,611
$272.6K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$41.9K $27.96/SF
− Vacancy
−$9.2K −$6.15/SF
EGI
$32.7K $21.81/SF
− OpEx
−$8.2K −$5.45/SF
NOI
$24.5K $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%
$490,700
Cap Rate 7%
$350,500
Cap Rate 9%
$272,611
Alternative Uses
Best Use
Office B
$350.5K
$306.7K – $408.9K
NOI $24,535 @ 7.0% cap · market cap 3,066.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.2K
$401.8K – $535.7K
NOI $32,141 @ 7.0% cap · market cap 4,017.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
380
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Three private offices are arranged around shared meeting, reception, kitchen, restroom, and storage areas.
Where is this office unit located?
The property is located at 46 Roosevelt Blvd Marmora, NJ.
What are key features of this property?
This property features: Approximately 1,500 SF of office condominium space; Three private offices plus a shared conference room; Reception and waiting area, kitchen, restroom, and storage
