Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Asbury Avenue Commercial Suite Title is generated by Realmo AI

    801 Asbury Avenue, Ocean City, NJ 08226

    View on Map
    Claim this Listing
    For Lease
    $1,250/Mo $30 SF/Yr (calc)

    COMMERCIAL - Ocean City, NJ

    Property size:
    500 SF
    Lot size:
    500.00 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    178
    Last Refresh:
    May 21 at 11:06 pm

    Property Features for 801 Asbury Avenue

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    CB
    Interior features
    220 Volt Electricity, Smoke/Fire Alarm
    Standard status
    Active
    Size
    500 SF
    Lot size
    500.00 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Number of units
    1
    Flooring type
    Linoleum, Slab

    We can help!

    Listing Contact
    Richard Baehrle
    Richard Baehrle

    Listing agent Richard Baehrle License #SB-8436462

    Listing office BERKSHIRE HATHAWAY HS FOX & ROACH - Northfield 1001 Tilton Road, NJ

    Listing date Nov 24, 2025

    MLS# 253420

    Copyright © 2026 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑visibility location on Asbury Ave corridor in downtown Ocean City, NJ
    • Suitable for office/professional, creative, wellness, and retail‑service users
    • High daily foot traffic and proximity to established businesses
    • Central air conditioning and natural gas forced air heating
    • Includes 220 volt electricity and smoke/fire alarm
    • 500 SF adaptable office suite

    Overview

    This 500 square foot commercial suite is located along Asbury Avenue. The layout is suitable for office, professional, creative, wellness, and retail-service uses. The location offers high daily foot traffic and is situated amongst established businesses in Ocean City's downtown. The property is located in a walkable, high-visibility area. The zoning is CB. A $100 monthly utility charge will be added to the rent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    TIMELESS HOME CARE ... Home Health Care Service Flirt! Luxe Lingerie ... (Bike/Boat/Book/etc) Store Carlucci Richard A Law Firm New Jersey Paralegal ... Social Service Agency Local Lashes & Brows Hair Salon

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.5749838
    Latitude
    39.2796788

    Nearby Similar for Lease

    • $3,400/Mo
      2,000 SF

      Modern Office Suite in Premier Location

      Modern professional office space available in a prime Ocean City location.
      701 West Ave, Suite #301, Ocean City, NJ 08226
      View Details
    • $1,900/Mo
      1,170 SF

      Asbury Avenue Office Space

      Bright, adaptable 1170 SF office space on Asbury Avenue.
      810 Asbury Avenue, Ocean City, NJ 08226
      View Details
    • $1,900/Mo
      1,170 SF

      Asbury Ave Office Space

      Bright, adaptable 1170 SF office space on Asbury Ave.
      810 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $2,700/Mo

      Renovated Commercial Space in Ocean City

      Move-in ready commercial space in Ocean City's business district.
      1213 West Ave, Ocean City, NJ 08226
      View Details
    • $1,250/Mo
      500 SF

      Versatile Office Suite on Asbury

      500 SF office suite in high-traffic downtown Ocean City.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $1,300/Mo
      556 SF

      Ocean City Landmark Office Space

      Office space in landmark building with downtown and water views.
      801 Asbury Avenue, Ocean City, NJ 08226
      View Details
    • $350/Mo

      Ocean City Co-working Space

      Premier co-working and office rentals in Ocean City, NJ.
      1301 West Ave, Ocean City, NJ 08226
      View Details
    • $1,300/Mo

      Ocean City Landmark Building

      Landmark building in Ocean City with downtown and water views.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile 500 SF office/retail space in high-traffic location.
    Where is this office units located?
    The property is located at 801 Asbury Avenue Ocean City, NJ.
    What is the lease rate?
    The lease rate is $1,250 /Mo.
    What are key features of this property?
    This property features: High‑visibility location on Asbury Ave corridor in downtown Ocean City, NJ; Suitable for office/professional, creative, wellness, and retail‑service users; High daily foot traffic and proximity to established businesses
    (609) 226-6680
    We can help!
    Listing Contact
    Richard Baehrle
    Richard Baehrle
    Real Estate License ID: SB-8436462
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    801 Asbury Avenue, Ocean City, NJ 08226
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!