Two-Story Medical Office
829 SHORE ROAD, Somers Point, NJ 08244
For Sale
$579,000
Configured with exam, consultation, office, waiting, and kitchen/break areas for professional use.
Property Size2,500 SF
Price / SF$231.60
Days on Market50
Property Features for 829 SHORE ROAD
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Stories
Listing Agency:
BHHS Fox & Roach-Northfield
(609) 646-1900
Listed By:
Richard Baehrle · License #8436462
(609) 226-6680
Source:
Cummingsrealtors
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 6 at 9:16AM
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 two-story commercial property, built in 1920, is configured for medical or professional occupancy. The existing layout includes four exam rooms, a consultation room, a private office, a large waiting area, and a kitchen/break area. The upper level may support an apartment or live/work concept, subject to approvals.
The property fronts Shore Road and is positioned near Ocean City, Shore Medical Center, dining, shopping, and Jersey Shore destinations. Its existing room configuration and second-floor flexibility support a range of medical, wellness, service-oriented, or professional uses, subject to applicable approvals.
The property fronts Shore Road and is positioned near Ocean City, Shore Medical Center, dining, shopping, and Jersey Shore destinations. Its existing room configuration and second-floor flexibility support a range of medical, wellness, service-oriented, or professional uses, subject to applicable approvals.
Key Highlights
- Four exam rooms plus consultation room and private office
- Large waiting area and kitchen/break area
- Two‑story commercial property built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,628
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,560
$732.6K
Cap Rate 7%
$523,257
$523.3K
Cap Rate 9%
$406,978
$407.0K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$66.9K $26.76/SF
− Vacancy
−$18.1K −$7.23/SF
EGI
$48.8K $19.53/SF
− OpEx
−$12.2K −$4.88/SF
NOI
$36.6K $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%
$732,560
Cap Rate 7%
$523,257
Cap Rate 9%
$406,978
Alternative Uses
Best Use
Office B
$523.3K
$457.9K – $610.5K
NOI $36,628 @ 7.0% cap · market cap 6.33%
Second Best
Healthcare Medical
$506.3K
$443.0K – $590.7K
NOI $35,442 @ 7.0% cap · market cap 6.12%
Theoretical Best
Warehouse
$931.0K
$814.6K – $1.09M
NOI $65,169 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
991
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
Similar Off Market Nearby
- Somers Point Veterinary Hospital: De Lorenzo Regina C DVM — 1 Braddock Dr, Somers Point, NJ 08244
- Mainland Veterinary Hospital — 425 Bethel Rd, Somers Point, NJ 08244
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with exam, consultation, office, waiting, and kitchen/break areas for professional use.
Where is this medical office space located?
The property is located at 829 SHORE ROAD Somers Point, NJ.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Four exam rooms plus consultation room and private office; Large waiting area and kitchen/break area; Two‑story commercial property built in 1920
