Somers Point Office Condo For
For Sale
$500,000
599 Shore Road Unit 202, Somers Point, NJ 08244
Office condo near Shore Memorial Hospital with six individual offices.
Property Size1,875 SF
Price / SF$266.67
Days on Market302
Property Features for 599 Shore Road Unit 202
General Information
Standard status
Active
Size
1,875 SF
Property subtype
Commercial
Building Details
Year Built
1800
Listing Agency:
C21/ Action Plus Realty
Listed By:
Joan L Velardi · License #0337813
(800) 299-2129
Source:
Actionplusrealty
Added: Dec 16, 2025
Changed: Oct 13
Last Checked: Oct 12 at 8:04PM
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.
This 1845 square foot office condo is available for sale or lease in Somers Manor. Located on the second floor, the unit features six individual offices, a staff room, a kitchen area, and two restrooms. The building is handicapped accessible and equipped with an elevator. Its location offers proximity to Shore Memorial Hospital, Ocean City, major shore areas, and the Garden State Parkway ramp. The zoning is HVC.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,471
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,420
$549.4K
Cap Rate 7%
$392,443
$392.4K
Cap Rate 9%
$305,233
$305.2K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$50.2K $26.76/SF
− Vacancy
−$13.5K −$7.23/SF
EGI
$36.6K $19.53/SF
− OpEx
−$9.2K −$4.88/SF
NOI
$27.5K $14.65/SF
Area
Atlantic County, NJ
Vacancy
27.00%
Lease Rate
$26.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,420
Cap Rate 7%
$392,443
Cap Rate 9%
$305,233
Alternative Uses
Best Use
Office B
$392.4K
$343.4K – $457.9K
NOI $27,471 @ 7.0% cap · market cap 5.49%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$698.2K
$611.0K – $814.6K
NOI $48,877 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 08244, NJ
10,535
Population
5,898
Households
1.8
Avg Household Size
47
Median Age
30%
College-Educated
89%
High-School Grad
4.9 sq mi
ZIP Area
2,150
Density / Sq Mi
$67,500
Median Household Income
$38,709
Median Earnings
$1,266
Median Rent
$278,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Office condo near Shore Memorial Hospital with six individual offices.
Where is this office units located?
The property is located at 599 Shore Road Unit 202 Somers Point, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 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
