Flex Warehouse with Truck
521 Woodbine Ocean View Road, Ocean View, NJ 08230
For Sale
New
$449,000
COMMERCIAL/INDUSTRIAL, Ocean View, NJ
Property Size3,000 SF
Price / SF$149.67
Days on Market2
Property Features for 521 Woodbine Ocean View Road
General Information
Property type
Property subtype
Zoning
Parking features
Security features
Interior features
Exterior features
Lot features
Subdivision
Standard status
Size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Additional Structures
Listing Agency:
BERKSHIRE HATHAWAY HS FOX & ROACH - Simpson
(609) 399-0041
Listed By:
Mary C. Oteri · License #1968538
(856) 366-9577
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 10:06PM
MLS# 263185
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.
Unit B-1 is a 3,000-square-foot flex property built in 2007. The interior includes a restroom and storage, with concrete flooring and carpet in part of the space. A truck door, exterior sign, and security lighting or system are among its features. Heating is natural gas, cooling is central air, and parking is assigned.
The property is located on Woodbine Ocean View Road in Ocean View, New Jersey. Water is supplied by a well.
The property is located on Woodbine Ocean View Road in Ocean View, New Jersey. Water is supplied by a well.
Key Highlights
- 3,000‑square‑foot flex unit identified as B‑1
- Truck door and assigned parking
- Built in 2007; natural gas heat and central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,696
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,920
$673.9K
Cap Rate 7%
$481,371
$481.4K
Cap Rate 9%
$374,400
$374.4K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$57.6K $19.20/SF
− Vacancy
−$5.8K −$1.92/SF
EGI
$51.8K $17.28/SF
− OpEx
−$18.1K −$6.05/SF
NOI
$33.7K $11.23/SF
Area
Cape May County, NJ
Vacancy
10.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,920
Cap Rate 7%
$481,371
Cap Rate 9%
$374,400
Alternative Uses
Best Use
Flex RnD
$481.4K
$421.2K – $561.6K
NOI $33,696 @ 7.0% cap · market cap 7.50%
Second Best
Warehouse
$316.7K
$277.1K – $369.5K
NOI $22,168 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$918.3K
$803.5K – $1.07M
NOI $64,282 @ 7.0% cap · market cap 14.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08230, NJ
5,908
Population
2,669
Households
2.2
Avg Household Size
49
Median Age
44%
College-Educated
98%
High-School Grad
19.5 sq mi
ZIP Area
303
Density / Sq Mi
$110,667
Median Household Income
$63,750
Median Earnings
$1,757
Median Rent
$406,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - The unit combines warehouse and flexible workspace with assigned parking and central air conditioning.
Where is this flex space located?
The property is located at 521 Woodbine Ocean View Road Ocean View, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 3,000‑square‑foot flex unit identified as B‑1; Truck door and assigned parking; Built in 2007; natural gas heat and central air conditioning
