Mixed-Use Office and
For Sale
$519,900
904 South Shore Road, Palermo, NJ 08230
SINGLE_FAMILY - Palermo, NJ
Property Size1,800 SF
Price / SF$288.83
Days on Market147
Property Features for 904 South Shore Road
General Information
Property type
Residential
Property subtype
Office
Parking features
Off Street
Exterior features
Restrooms, Sign, Storage Building
Lot features
Mainland
Directions
Route 9 across from Pacific
Subdivision
Upper Twp
Standard status
Active
Taxes and HOA fees
Tax Year
2005
Tax Annual Amount
6230
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Well
Building Details
Number of units
2
Flooring type
Carpet
Roof type
Asphalt
Additional Structures
Storage
Listing Agency:
RIXON REALTY-S151
(609) 390-8821
Listed By:
PAUL RIXON · License #8538659
(609) 827-7555
Added: Mar 13
Changed: Jul 28
Last Checked: Aug 6 at 3:06AM
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.
Investment Insights
Based on property information with market context.
This two-story mixed-use building combines ground-floor flex office space with a separate second-floor apartment. The first floor offers approximately 1,800 square feet of office/flex space with two separate entrances, and the layout can be configured to accommodate multiple renters or remain open for a single tenant’s needs. The second floor includes an approximately 1,400 square foot 3-bedroom apartment with a living room, a large eat-in kitchen, and one full bath, with washer and dryer provided.
The property is described as having separate meters for different utilities. Additional documents provided include the floor plan and utility bills, along with income and expense information.
The building’s arrangement supports both office use on the main level and residential use above, with separate access points and utility metering intended to streamline operations for each portion.
The property is described as having separate meters for different utilities. Additional documents provided include the floor plan and utility bills, along with income and expense information.
The building’s arrangement supports both office use on the main level and residential use above, with separate access points and utility metering intended to streamline operations for each portion.
Key Highlights
- 2‑story mixed‑use building with separate income‑producing spaces: 1,800 SF flex/office area plus a 1,400 SF 3‑bedroom apartment
- First floor offers 1,800 SF flex space with offices, 2 separate entrances, and restroom and storage building on site
- Second floor includes a 3‑bedroom apartment with living room, large eat‑in kitchen, 1 full bath, and washer/dryer
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 authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 08230, NJ
5,908
Population
2,669
Households
2.2
Avg Household Size
49
Median Age
44%
College-Educated
98%
High-School Grad
19.5 sq mi
ZIP Area
303
Density / Sq Mi
$110,667
Median Household Income
$63,750
Median Earnings
$1,757
Median Rent
$406,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Two-story building with ground-floor flex office space and a separate second-floor 3-bedroom apartment.
Where is this live-work 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 separate income‑producing spaces: 1,800 SF flex/office area plus a 1,400 SF 3‑bedroom apartment; First floor offers 1,800 SF flex space with offices, 2 separate entrances, and restroom and storage building on site; Second floor includes a 3‑bedroom apartment with living room, large eat‑in kitchen, 1 full bath, and washer/dryer
