Medical Office
624 SHORE RD Somers Point, NJ 08244
624 SHORE RD, Somers Point, NJ, 08244
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For Sale
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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 Market41
Property Features for 624 SHORE RD
General Information
- Standard status
- Active
- Size
- 1,200 SF
- Property subtype
- Office
Building Details
- Year Built
- 1956
Listing agency
Berkshire Hathaway HomeServices Fox & Roach REALTORS Northfield
(609) 226-6680
Listed by
BRYAN BAEHRLE · License #1644942
Source
Crexi
Added: Jun 11 Updated: Jul 10 at 2:00PM Checked: Jul 19 at 5:21AM
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 Berkshire Hathaway HomeServices Fox & Roach REALTORS Northfield
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
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 | $32.1k | $26.76 |
| − Vacancy | −$8.7k | −$7.23 |
| EGI | $23.4k | $19.53 |
| − OpEx | −$5.9k | −$4.88 |
| NOI | $17.6k | $14.65 |
1,200 SF · lease $26.76/SF/yr · vacancy 27.00% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Law Office of David ...
Law Firm
Paul Tendler Attorney's ...
Law Firm
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FAQs
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
