First-Floor Commercial Condo
936 Haven Ave Ocean City, NJ 08226
936 Haven Ave, Ocean City, NJ, 08226
$699,000
For Sale
$699,000
Expansive first-floor commercial condo with soundproofing, luxury vinyl plank flooring, and dedicated parking plus extensive nearby parking.
Property Size1,650 SF
Price / SF$423.64
Days on Market145
Property Features for 936 Haven Ave
General Information
- Standard status
- Active
- Size
- 1,650 SF
Listing Agency
BHHS Fox & Roach West Ave - Ocean City
(609) 602-3917
Listed by
Patrick A Halliday · License #0453531
(609) 602-3917
Source
Exprealty
Added: Feb 26 Updated: Jul 20 at 4:38 pm Checked: Jul 20 at 4:38 pm
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 West Ave - Ocean City
Investment Insights
Based on property information with market context.
This expansive first-floor commercial condo offers flexible interior space suited to a range of business concepts. The unit currently includes a yoga and community studio setup with a coffee bar and retail, along with a functional layout designed for everyday use. Interior features include notable soundproofing, luxury vinyl plank flooring, a spacious bathroom, a utility closet with a sink, and ample storage. A hood vent is presently concealed behind the coffee bar/studio wall, and the unit also includes a garage refrigerator and an ice machine.
The unit is provided with one assigned parking space, and there is plenty of street parking in front of the building. A large parking lot is located across the street, and off-street parking is available. Accessibility is handled through elevator access or stairs.
Additional included amenities comprise a private garage, a storage room, and use of the area beneath the first-floor porch per the master deed. Quarterly condo fees are $1,100 and cover building and flood insurance, shared expenses including water, electric, sprinkler system, and fire suppression monitoring.
The unit is provided with one assigned parking space, and there is plenty of street parking in front of the building. A large parking lot is located across the street, and off-street parking is available. Accessibility is handled through elevator access or stairs.
Additional included amenities comprise a private garage, a storage room, and use of the area beneath the first-floor porch per the master deed. Quarterly condo fees are $1,100 and cover building and flood insurance, shared expenses including water, electric, sprinkler system, and fire suppression monitoring.
Key Highlights
- First‑floor commercial condo offers over 1,650 SF of flexible space for multiple permitted uses.
- Soundproofing throughout, plus luxury vinyl plank flooring, spacious bathroom, and utility closet with sink.
- Assigned 1 parking space, with plenty of street parking and a large parking lot across the street.
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 | $46.1k | $27.96 |
| − Vacancy | −$10.1k | −$6.15 |
| EGI | $36.0k | $21.81 |
| − OpEx | −$9.0k | −$5.45 |
| NOI | $27.0k | $16.36 |
1,650 SF · lease $27.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$385.5K
$337.4K – $449.8K
NOI $26,988 @ 7.0% cap · market cap 3.86%
Second Best
Specialty Retail
$358.9K
$314.1K – $418.8K
NOI $25,126 @ 7.0% cap · market cap 3.59%
Theoretical Best
Office A
$505.1K
$441.9K – $589.3K
NOI $35,355 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Collective Vibes
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Creative space - Expansive first-floor commercial condo with soundproofing, luxury vinyl plank flooring, and dedicated parking plus extensive nearby parking.
Where is this creative space located?
The property is located at 936 Haven Ave Ocean City, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: First‑floor commercial condo offers over 1,650 SF of flexible space for multiple permitted uses.; Soundproofing throughout, plus luxury vinyl plank flooring, spacious bathroom, and utility closet with sink.; Assigned 1 parking space, with plenty of street parking and a large parking lot across the street.
