Medical Office
624 Shore Rd, Somers Point, NJ 08244
For Sale
$525,000
Medical office building positioned along Shore Road, with a 2024 roof and close proximity to Shore Medical Center.
Property Size1,200 SF
Price / SF$437.50
Days on Market152
Property Features for 624 Shore Rd
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
BHHS Fox & Roach-Northfield
Listed By:
Richard Baehrle · License NJ #8436462
(609) 226-6680
Source:
Riverfoxrealty
Added: Jun 16
Changed: Oct 25
Last Checked: Oct 6 at 12:28AM
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 BHHS Fox & Roach-Northfield
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Investment Insights
Based on property information with market context.
This medical office building offers a straightforward, professional setting for healthcare and service-oriented users along Shore Road in Somers Point. The property includes a newer roof, installed in 2024, supporting continued exterior reliability for day-to-day operations.
Located at 624 Shore Rd, the building is positioned along a highly traveled Shore Road corridor. The property is described as just minutes from Ocean City and approximately one block from Shore Medical Center, placing it in close proximity to established medical activity and related services.
For buyers or operators seeking a medical-focused location with convenient access to an active healthcare anchor, this site provides a compact footprint and an address built around visibility and visitor accessibility. Its configuration and purpose as a medical office property can suit owner-users and tenant groups looking to establish or expand presence in the Somers Point area. The combination of the Shore Road setting, nearby Shore Medical Center, and the 2024 roof makes it a practical choice for parties evaluating an office or medical use in an established corridor.
Located at 624 Shore Rd, the building is positioned along a highly traveled Shore Road corridor. The property is described as just minutes from Ocean City and approximately one block from Shore Medical Center, placing it in close proximity to established medical activity and related services.
For buyers or operators seeking a medical-focused location with convenient access to an active healthcare anchor, this site provides a compact footprint and an address built around visibility and visitor accessibility. Its configuration and purpose as a medical office property can suit owner-users and tenant groups looking to establish or expand presence in the Somers Point area. The combination of the Shore Road setting, nearby Shore Medical Center, and the 2024 roof makes it a practical choice for parties evaluating an office or medical use in an established corridor.
Key Highlights
- Medical office building on Somers Point’s Shore Road corridor
- New roof in 2024
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,581
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$351,620
$351.6K
Cap Rate 7%
$251,157
$251.2K
Cap Rate 9%
$195,344
$195.3K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$32.1K $26.76/SF
− Vacancy
−$8.7K −$7.23/SF
EGI
$23.4K $19.53/SF
− OpEx
−$5.9K −$4.88/SF
NOI
$17.6K $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%
$351,620
Cap Rate 7%
$251,157
Cap Rate 9%
$195,344
Alternative Uses
Best Use
Office B
$251.2K
$219.8K – $293.0K
NOI $17,581 @ 7.0% cap · market cap 3.35%
Second Best
Healthcare Medical
$243.0K
$212.7K – $283.5K
NOI $17,012 @ 7.0% cap · market cap 3.24%
Theoretical Best
Warehouse
$446.9K
$391.0K – $521.4K
NOI $31,281 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,258
Businesses Nearby
Under-served
Demand for This Use
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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
$278,500
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Atlantic County, NJ
Properties on Market for Medical Office Space in Atlantic County
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building positioned along Shore Road, with a 2024 roof and close proximity to Shore Medical Center.
Where is this medical office space located?
The property is located at 624 Shore Rd Somers Point, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Medical office building on Somers Point’s Shore Road corridor; New roof in 2024; Built in 1956
