Route 9 Frontage Commercial
For Sale
$1,150,000
1173 S Rte. 9, Cape May Court House, NJ 08210
COMMERCIAL - Cape May Court House, NJ
Property Size2,700 SF
Price / SF$425.93
Days on Market371
Property Features for 1173 S Rte. 9
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB
Directions
Rte. 9 South between Exit 9 and Exit 6
Subdivision
Middle Twp
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
11041
Listing Agency:
FORESITE COMMERCIAL REALTY
(609) 646-1919
Listed By:
SAMANTHA ZERAFA ROESSLER · License #1643608
(609) 646-1919
Added: Aug 25, 2025
Changed: Aug 4
Last Checked: Aug 30 at 3:06PM
MLS# 600351
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property for sale features a 2,700+/- square foot building with 150 feet of frontage on Route 9 South. The property benefits from visibility from the Garden State Parkway. On-site parking is available for approximately 25 vehicles. The building was formerly used as a veterinary office. The property is located in Cape May Court House, New Jersey.
Key Highlights
- Prime location with 150 feet of frontage on Route 9 South
- Great visibility from the Garden State Parkway
- 2,700+\/- sf building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,163
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$883,260
$883.3K
Cap Rate 7%
$630,900
$630.9K
Cap Rate 9%
$490,700
$490.7K
Market Conditions
NOI Build-Up for 2,700 SF
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.
Gross rent
$75.5K $27.96/SF
− Vacancy
−$16.6K −$6.15/SF
EGI
$58.9K $21.81/SF
− OpEx
−$14.7K −$5.45/SF
NOI
$44.2K $16.36/SF
Area
Cape May County, NJ
Vacancy
22.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$883,260
Cap Rate 7%
$630,900
Cap Rate 9%
$490,700
Alternative Uses
Best Use
Office B
$630.9K
$552.0K – $736.1K
NOI $44,163 @ 7.0% cap · market cap 3.84%
Second Best
Healthcare Medical
$607.5K
$531.6K – $708.8K
NOI $42,525 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$826.5K
$723.2K – $964.2K
NOI $57,853 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
148
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08210, NJ
17,635
Population
8,374
Households
2.1
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
68.5 sq mi
ZIP Area
257
Density / Sq Mi
$93,855
Median Household Income
$48,086
Median Earnings
$1,538
Median Rent
$337,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Parkway Veterinary Hospital — 1173 Rte 9 S, Cape May Court House, NJ 08210
- Grant Chris DVM — 1173 US-9 South, Cape May Court House, NJ 08210
- Dea Kira DVM — 1173 US-9, Cape May Court House, NJ 08210
- Mosson Clifford F DVM — 1173 US-9 South, Cape May Court House, NJ 08210
Frequently Asked Questions
What type of property is this?
Medical Office Space - 2,700+/- SF building with frontage on Route 9 South.
Where is this medical office space located?
The property is located at 1173 S Rte. 9 Cape May Court House, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Prime location with 150 feet of frontage on Route 9 South; Great visibility from the Garden State Parkway; 2,700+\/- sf building
