Mixed-Use Flex and Residential
904 South Shore Road, Palermo, NJ 08230
- Added:
- Mar 13, 2026
- Days on Market:
- 118
- Last Refresh:
- Jul 8 at 7:06 am
Property Features for 904 South Shore Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking features
- Off Street
- Exterior features
- Restrooms, Storage Building, Sign
- Standard status
- Active
Taxes and HOA fees
- Tax Year
- 2005
- Tax Annual Amount
- 6230
Utilities
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Number of units
- 2
- Flooring type
- Carpet
- Roof type
- Asphalt
- Additional Structures
- Storage
Listing agent PAUL RIXON License #8740325 (609) 827-7555
Listing office RIXON REALTY-S151 71 ROUTE 50, NJ (609) 390-8821
Listing date Mar 13, 2026
MLS# 605662
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2‑story mixed‑use building with 1,800 SF first‑floor flex office space and 1,400 SF second‑floor 3‑bedroom apartment
- First‑floor flex space includes 2 separate entrances and can be opened up or divided for multiple renters
- Second‑floor apartment features a living room, large eat‑in kitchen, and 1 full bath with washer and dryer
- Central air and forced‑air natural gas heating; separate meters for different utilities
- Off‑street parking; well water service
- Exterior includes restrooms, a storage building, and a sign; asphalt roof
Overview
This high-visibility two-story mixed-use building combines flexible commercial space with residential living. The first floor includes approximately 1,800 square feet of flex space offices with two separate entrances. The layout can be configured as multiple rentable areas or kept open to suit a single user’s needs. The second floor features an approximately 1,400 square foot three-bedroom apartment with a living room, a large eat-in kitchen, and one full bathroom, with washer and dryer included. Separate meters are provided for different utilities, and additional documents are available including the floor plan, utility bills, and income and expense information.
The property is located at 904 South Shore Road in Palermo, NJ (Cape May County). Built for dual use, the arrangement supports independent access to the first-floor space through two entrances while maintaining separation between commercial and residential operations through separate metering.
For tenants or buyers seeking a live/work or multi-tenant setup, the first-floor flex space can be tailored for office use and potential division among multiple renters, subject to tenant configuration. The upstairs apartment provides a defined residential unit with in-unit laundry. With separate utilities and documented financial information provided, the building is designed for operators who want both commercial and residential income streams in a single property.
The property is located at 904 South Shore Road in Palermo, NJ (Cape May County). Built for dual use, the arrangement supports independent access to the first-floor space through two entrances while maintaining separation between commercial and residential operations through separate metering.
For tenants or buyers seeking a live/work or multi-tenant setup, the first-floor flex space can be tailored for office use and potential division among multiple renters, subject to tenant configuration. The upstairs apartment provides a defined residential unit with in-unit laundry. With separate utilities and documented financial information provided, the building is designed for operators who want both commercial and residential income streams in a single property.
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 | $50.3k | $27.96 |
| − Vacancy | −$11.1k | −$6.15 |
| EGI | $39.3k | $21.81 |
| − OpEx | −$9.8k | −$5.45 |
| NOI | $29.4k | $16.36 |
1,800 SF · lease $27.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$420.6K
$368.0K – $490.7K
NOI $29,442 @ 7.0% cap · market cap 5.66%
Second Best
Apartment 5plus
$349.9K
$306.1K – $408.2K
NOI $24,491 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$551.0K
$482.1K – $642.8K
NOI $38,569 @ 7.0% cap · market cap 7.42%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Map
- City
- Palermo
- County
- Cape May
- State
- New Jersey
- Longitude
- -74.7111
- Latitude
- 39.2089
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Two separate entrances serve first-floor flex space, while an upstairs apartment adds a residential component to the property.
Where is this flex space located?
The property is located at 904 South Shore Road Palermo, NJ.
What is the asking price?
The asking price for this property is $519,900.
What are key features of this property?
This property features: 2‑story mixed‑use building with 1,800 SF first‑floor flex office space and 1,400 SF second‑floor 3‑bedroom apartment; First‑floor flex space includes 2 separate entrances and can be opened up or divided for multiple renters; Second‑floor apartment features a living room, large eat‑in kitchen, and 1 full bath with washer and dryer
