Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    200 Asbury Ave Ocean City, NJ 08226-4122
    Back to Search
    Property profile & analytics

    200 Asbury Ave Ocean City, NJ 08226-4122

    View on Map
    • Commercial real estate
    • 3,430 SF
    • 0.09 lot acres
    Off-Market
    Last Sale Oct 4, 2023
    Property ID
    US59-0700481
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    10%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • McCrosson & Stanton P.C. / Law Firm
    • Taht Stanton & Mc Crosson / Law Firm

    Property Details for 200 Asbury Ave

    Year built
    1953
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Property size
    3,430 SF
    Zone code
    AN2
    Property type
    Commercial real estate
    APN
    08 00211-0000-00014
    APU
    800211000000014

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $515,000
      6.5%
      $475,000
      7%
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $581,000
      Market price range: $203k - $770k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.5669
    Latitude
    39.2866
    CBSA code
    36140
    CBSA name
    OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $6,130
    $320,000
    $275,700
    $595,700
    -
    $320,000
    $275,700
    $595,700

    Comparable in this City

    • Value Estimation by Request
      0.14 Acres

      618 Ww Ave, Unit 24

      COMMERCIAL (GENERAL) • 0.14 Acres
      618 Ww Ave, Ocean City, NJ 08226-3881
      View Details
    • Value Estimation by Request
      0.27 Acres

      749 Ww Ave, Unit 57

      COMMERCIAL (GENERAL) • 0.27 Acres
      749 Ww Ave, Ocean City, NJ 08226-3716
      View Details
    • Value Estimation by Request
      0.24 Acres

      9th St

      COMMERCIAL (GENERAL) • 0.24 Acres
      9th St, Ocean City, NJ 08226
      View Details
    • Value Estimation by Request
      0.24 Acres

      1132 Boardwalk

      COMMERCIAL (GENERAL) • 0.24 Acres
      1132 Boardwalk, Ocean City, NJ 08226-3336
      View Details
    • Value Estimation
      $635,000
      0.86 Acres

      1510 Boardwalk

      COMMERCIAL (GENERAL) • 0.86 Acres
      1510 Boardwalk, Ocean City, NJ 08226-3153
      View Details
    • Value Estimation by Request
      0.22 Acres

      720 Boardwalk

      COMMERCIAL (GENERAL) • 0.22 Acres
      720 Boardwalk, Ocean City, NJ 08226-3727
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.23 Acres

      Asbury Avenue Commercial Office Suite

      Versatile 500 SF office suite in high-traffic location.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $1,795,000
      0.10 Acres

      Ocean City Corner-Lot Opportunity

      Prime location near downtown and boardwalk with commercial/residential structure.
      839 Wesley Ave, Ocean City, NJ 08226
      View Details
    • Contact for pricing
      500 SF

      Versatile Office Suite on Asbury

      500 SF office suite in high-traffic, established business area.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $450,000

      Prime Commercial Opportunity in Ocean City

      High-visibility commercial property in downtown Ocean City, near boardwalk.
      1033 Asbury Ave, Ocean City, NJ 08226
      View Details
    • Contact for pricing
      3,760 SF

      Ocean City Office For Sale

      Office space available in Ocean City, New Jersey.
      201 West Ave, Ocean City, NJ 08226
      View Details
    • $2,200,000
      Pending

      Large Lot in Ocean City

      19,550sf lot for development in Ocean City, New Jersey.
      112 E 6Th St, Ocean City, NJ 08226
      View Details

    Similar Nearby for Lease

    • $1,900 /Mo

      Asbury Ave Office Space

      Bright, adaptable 1170 SF office space on Asbury Ave.
      810 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $1,250 /Mo
      500 SF

      Asbury Avenue Commercial Suite

      Versatile 500 SF office/retail space in high-traffic location.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $350 /Mo

      Ocean City Co-working Space

      Premier co-working and office rentals in Ocean City, NJ.
      1301 West Ave, Ocean City, NJ 08226
      View Details
    • $1,300 /Mo
      556 SF

      Ocean City Landmark Office Space

      Office space in landmark building with downtown and water views.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $1,300 /Mo

      Ocean City Landmark Building

      Landmark building in Ocean City with downtown and water views.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • $1,250 /Mo

      Versatile Office Suite on Asbury

      500 SF office suite in high-traffic downtown Ocean City.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    200 Asbury Ave
    Ocean City, NJ 08226-4122
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    200 Asbury Ave, Ocean City, NJ, 08226
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!