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    FOR SALE
    Office buildings

    2004 Bay Shore Rd, Villas, NJ 08251

    0.98 ac lot Built 1950
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US59-1450394
    Property summary
    AI-generated overview

    This exceptional commercial investment opportunity in Villas, NJ, presents a fully occupied, six-unit multi-building complex situated on a high-traffic road. The property boasts a strong rental history and comprises two buildings totaling approximately 8,500 square feet*. The front building is a 2,500 square foot medical office currently leased to an established physician. The rear building houses three first-floor commercial units, each roughly 1,000 square feet, currently occupied by a chiropractor, a real estate office, and a linen company. These ground-floor units are conveniently wheelchair accessible. Above the rear building, accessible via a private exterior staircase, are two additional units: a one-bedroom residential apartment suitable for owner-occupancy or rental, and a modern private office space. The property features a recently expanded and upgraded parking lot with 34 designated spaces, providing ample parking for tenants and visitors. All units are separately metered for efficient management. This turnkey investment is located in a growing market and offers significant potential for continued appreciation. The asking price is $1,299,900. *All unit sizes are approximate

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1950
    Lot 0.98 ac (42,510 SF)
    Zoning code GB
    APN 05 00334- 01-00001
    UPID US59-1450394
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Waisbern Medical Pediatrician Physician
    • Hirshorn Carl L OD Physician
    • Waisbren Medicine Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $910k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $750k
    Owner & transaction history
    Bayshore Professional LLC · 3 yrs held
    Bayshore Professional LLC
    since 2022
    Last sale
    $600,000
    3 recorded transactions
    2023
    2022
    $600,000
    1969
    Zoning & alternative use
    GB · Villas, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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