599 Shore Road #202 Somers Point, NJ 08244
Office condo near Shore Memorial Hospital with six individual offices.
Property Features for 599 Shore Road #202
General Information
- Standard status
- Active
- Size
- 1,875 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1800
Listing office C21/ ACTION PLUS REALTY (800) 299-2129
Listing date May 15, 2026
Source Corcoran
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 C21/ ACTION PLUS REALTY
Investment Insights
Based on property information with market context.
Key Highlights
- Prime Location: Near Shore Memorial Hospital, Ocean City, major shore areas, and Parkway ramp.
- Spacious Office Condo: 1845 sq. ft. with 6 individual offices, staff room, and kitchen area.
- Two Restrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $26.76 |
| − Vacancy | −$13.5k | −$7.23 |
| EGI | $36.6k | $19.53 |
| − OpEx | −$9.2k | −$4.88 |
| NOI | $27.5k | $14.65 |
