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2004 Bayshore Rd 6,350 SF 100% Leased Office Building Villas, NJ 08251 $1,075,000 ($169.29/SF)

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INVESTMENT HIGHLIGHTS

  • High Visibility Location in Growing Area
  • 100% Occupancy
  • Two Medical Offices, 1 Real Estate Office, 2 Business Offices, 1 Residential Apartment
  • 34 parking spaces

EXECUTIVE SUMMARY

Fully Leased Mixed-Use Commercial Complex | Excellent Visibility | Potential Owner-User Opportunity
Prime mixed-use Office-Professional Complex located along the high-traffic Bayshore corridor in southern end of Villas—minutes from Cape May and the Wildwoods.
This well-maintained/updated income property sits on just under one acre and includes two buildings with six total units, all separately metered.
Property Overview
Total Units: 6
(1) 2,500 SF medical office (front building)
(3) 1,000 SF commercial suites (rear building)
(1) beautifully renovated 1BR apartment
(1) private office suite
Lot Size: ±0.95 acres
Zoning: General Business
Parking: Expanded to 34 Spaces Inc. Handicapped Parking Space
Accessibility: Ground-floor units are wheelchair accessible
Recent Upgrades
New vinyl siding (2023)
Expanded Paved Parking Lot
Updated Backlit Signage
Current owner had use upgraded after purchase to the now existing 5 commercial units & one residential.
Investment Highlights
Fully Leased: medical practice, chiropractic, real estate, linen company occupying two units, residential tenant
Low-maintenance property with separate utilities
Upside potential: upcoming lease expirations allow owner-user or rent adjustments
Excellent visibility and daily traffic along Bayshore Road corridor in an area that continues to grow in value
Seller financing may be available for qualified buyers
Financial Snapshot
Gross Annual Income: approx. $96,000
Net Operating Income (est.): approx. $74,000
List Price: $1,075,000

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $94,344 $14.86
Other Income - -
Vacancy Loss - -
Effective Gross Income $94,344 $14.86
Taxes $13,156 $2.07
Operating Expenses $5,000 $0.79
Total Expenses $18,156 $2.86
Net Operating Income $76,188 $12.00

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $94,344
Annual Per SF $14.86
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $94,344
Annual Per SF $14.86
Taxes
Annual $13,156
Annual Per SF $2.07
Operating Expenses
Annual $5,000
Annual Per SF $0.79
Total Expenses
Annual $18,156
Annual Per SF $2.86
Net Operating Income
Annual $76,188
Annual Per SF $12.00

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,350 SF
Building Class
C
Year Built
1950
Price
$1,075,000
Price Per SF
$169.29
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,350 SF
Building FAR
0.15
Lot Size
0.98 AC
Opportunity Zone
Yes
Zoning
GB - General Business
Parking
34 Spaces (5.35 Spaces per 1,000 SF Leased)

AMENITIES

  • Signage
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-00334-01-00001
Land Assessment
$191,500
Improvements Assessment
$458,500
Total Assessment
$650,000
Annual Taxes
$13,156 ($2.07/SF)
Tax Year
2025
  • Listing ID: 34964462

  • Date on Market: 2/27/2025

  • Last Updated:

  • Address: 2004 Bayshore Rd, Villas, NJ 08251

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