Medical Office Space for
647 Shore Rd Somers Point, NJ 08244
647 Shore Rd, Somers Point, NJ, 08244
$595,000
Pending
For Sale
$595,000
Pending
Medical office space for sale on Shore Road in Somers Point, New Jersey.
Property Size3,000 SF
Days on Market154
Property Features for 647 Shore Rd
General Information
- Standard status
- Pending
- Size
- 3,000 SF
Building Details
- Year Built
- 1956
Listing agency
Berkshire Hathaway HomeServices Fox & Roach, Realtors
(609) 226-6680
Listed by
Richard Baehrle · License #8436462
(609) 226-6680
Source
Evrealestate
Added: Feb 19 Updated: Jul 22 at 10:48AM Checked: Jul 22 at 10:48AM
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
Investment Insights
Based on property information with market context.
This for-sale medical office space is located at 647 Shore Rd in Somers Point, NJ. The property is approximately 3,000 square feet, and it is offered as commercial real estate with a medical-office focus based on the listed property type.
The address is on Shore Rd, with directions provided as SHORE RD. The property is in Atlantic County, New Jersey.
For brokers and tenants evaluating space, the listing provides the key basics: asset type as medical office/office space, an approximate size of 3,000 square feet, and the exact street address for site review and due diligence.
The address is on Shore Rd, with directions provided as SHORE RD. The property is in Atlantic County, New Jersey.
For brokers and tenants evaluating space, the listing provides the key basics: asset type as medical office/office space, an approximate size of 3,000 square feet, and the exact street address for site review and due diligence.
Key Highlights
- Medical office space for sale on Shore Road in Somers Point, New Jersey
- Central air cooling
- Forced air natural gas heating
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 | $80.3k | $26.76 |
| − Vacancy | −$21.7k | −$7.23 |
| EGI | $58.6k | $19.53 |
| − OpEx | −$14.7k | −$4.88 |
| NOI | $44.0k | $14.65 |
3,000 SF · lease $26.76/SF/yr · vacancy 27.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$627.9K
$549.4K – $732.6K
NOI $43,953 @ 7.0% cap · market cap 7.39%
Second Best
Healthcare Medical
$607.6K
$531.6K – $708.8K
NOI $42,530 @ 7.0% cap · market cap 7.15%
Theoretical Best
Warehouse
$1.12M
$977.5K – $1.30M
NOI $78,203 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sinus & Allergy Center
Medical Clinic
Rondinella Louis J ...
Physician
Bacharach Somers Point ...
Medical Clinic
Similar For Sale Nearby
Similar Off Market Nearby
- Mainland Veterinary Hospital — 425 Bethel Rd, Somers Point, NJ 08244
- Somers Point Veterinary Hospital: De Lorenzo Regina C DVM — 1 Braddock Dr, Somers Point, NJ 08244
FAQs
What type of property is this?
Medical Office Space - Medical office space for sale on Shore Road in Somers Point, New Jersey.
Where is this medical office space located?
The property is located at 647 Shore Rd Somers Point, NJ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Medical office space for sale on Shore Road in Somers Point, New Jersey; Central air cooling; Forced air natural gas heating
