Renovated Office Building with
935 RADIO ROAD, Little Egg Harbor Twp, NJ 08087
For Sale
$299,000
Two-story office property with flexible rooms, attached storage, dedicated parking, and a prominent illuminated roadside sign.
Property Size1,300 SF
Price / SF$230
Days on Market96
Property Features for 935 RADIO ROAD
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Garabedian Realty Group, LLC
Listed By:
Matthew Garabedian · License #9804363
(609) 494-8400
Source:
Cummingsrealtors
Added: Aug 6
Changed: Nov 8
Last Checked: Nov 8 at 6:11AM
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 Garabedian Realty Group, LLC
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Investment Insights
Based on property information with market context.
This renovated two-story office building at 935 Radio Road includes a reception area, a large multipurpose room, four private office or conference rooms, two bathrooms, and attached storage. Improvements include new siding, windows, flooring, interior trim, paint, electrical systems, bathrooms, and water heater. Custom first-floor furnishings are included.
The property occupies a triple commercial lot with more than 180 feet of frontage along Radio Road and 18 dedicated parking spaces. An illuminated sign provides an additional on-site identification feature. The parcel may also support subdivision into three commercial lots, each with 60 ft. of frontage, subject to buyer due diligence. The existing building may be relocated or removed as part of that option.
The property occupies a triple commercial lot with more than 180 feet of frontage along Radio Road and 18 dedicated parking spaces. An illuminated sign provides an additional on-site identification feature. The parcel may also support subdivision into three commercial lots, each with 60 ft. of frontage, subject to buyer due diligence. The existing building may be relocated or removed as part of that option.
Key Highlights
- Over 180 feet of frontage on Radio Road
- Triple commercial lot with potential for three 60 ft. frontage lots
- 18 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,890
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,800
$397.8K
Cap Rate 7%
$284,143
$284.1K
Cap Rate 9%
$221,000
$221.0K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$39.0K $30.00/SF
− Vacancy
−$12.5K −$9.60/SF
EGI
$26.5K $20.40/SF
− OpEx
−$6.6K −$5.10/SF
NOI
$19.9K $15.30/SF
Area
Ocean County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,800
Cap Rate 7%
$284,143
Cap Rate 9%
$221,000
Alternative Uses
Best Use
Office B
$284.1K
$248.6K – $331.5K
NOI $19,890 @ 7.0% cap · market cap 6.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.5K
$297.0K – $396.0K
NOI $23,762 @ 7.0% cap · market cap 7.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
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Business Placement
Demographics for 08087, NJ
25,191
Population
12,982
Households
1.9
Avg Household Size
49
Median Age
28%
College-Educated
94%
High-School Grad
70.1 sq mi
ZIP Area
359
Density / Sq Mi
$87,449
Median Household Income
$47,779
Median Earnings
$1,760
Median Rent
$323,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Ocean County, NJ
Properties on Market for Office buildings in Ocean County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two-story office property with flexible rooms, attached storage, dedicated parking, and a prominent illuminated roadside sign.
Where is this office building located?
The property is located at 935 RADIO ROAD Little Egg Harbor Twp, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Over 180 feet of frontage on Radio Road; Triple commercial lot with potential for three 60 ft. frontage lots; 18 dedicated parking spaces
