Corner Convenience Store with Second
For Sale
$475,000
2588 Tilton Rd, Egg Harbor Township, NJ 08234
COMMERCIAL/INDUSTRIAL, Egg Harbor Township, NJ
Property Size1,500 SF
Price / SF$316.67
Days on Market258
Property Features for 2588 Tilton Rd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RG-4
Rooms
Laundry Room, Utility Room
Security features
Security System
Interior features
Display Windows, Restroom, Security System, Smoke/Fire Alarm
Exterior features
Sign
Lot features
Business District, Corner, Highway
Directions
Airport circle continue to Tilton Rd to 2588 Tilton Rd
Subdivision
Egg Harbor Twp
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12070
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Number of units
2
Flooring type
Linoleum
Roof type
Asphalt
Listing Agency:
BALSLEY/LOSCO
(609) 646-3207
Listed By:
Ashish Patel · License #2561431
(609) 892-4675
Added: Jan 4
Changed: Aug 19
Last Checked: Sep 19 at 3:06AM
MLS# 603451
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 RG-4-zoned commercial property at 2588 Tilton Rd includes a single building divided into two separate commercial spaces. The operating convenience store occupies approximately 2,000 SF, while an approximately 1,500 SF vacant space provides room for another commercial operation. Interior features include display windows, a restroom, security system, smoke/fire alarm, laundry room, and utility room. The building has linoleum flooring, forced-air natural gas heating, central air, an asphalt roof, and public water and sewer.
The property sits at the corner of Tilton Rd and Van Mar Ave in Egg Harbor Township, adjacent to an apartment building. Exterior signage is included. The offering includes the building and convenience store business, with inventory excluded, and is conveyed in AS-IS condition.
The property sits at the corner of Tilton Rd and Van Mar Ave in Egg Harbor Township, adjacent to an apartment building. Exterior signage is included. The offering includes the building and convenience store business, with inventory excluded, and is conveyed in AS-IS condition.
Key Highlights
- Operating convenience store occupies approximately 2,000 SF
- Separate vacant commercial space measures approximately 1,500 SF
- Two commercial spaces within one 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
$23,207
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
4.89%
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%
$464,140
$464.1K
Cap Rate 7%
$331,529
$331.5K
Cap Rate 9%
$257,856
$257.9K
Market Conditions
NOI Build-Up for 1,500 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
$32.4K $21.60/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$30.9K $20.63/SF
− OpEx
−$7.7K −$5.16/SF
NOI
$23.2K $15.47/SF
Area
Atlantic County, NJ
Vacancy
4.50%
Lease Rate
$21.60 /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%
$464,140
Cap Rate 7%
$331,529
Cap Rate 9%
$257,856
Alternative Uses
Best Use
Specialty Retail
$331.5K
$290.1K – $386.8K
NOI $23,207 @ 7.0% cap · market cap 4.89%
Second Best
Retail
$205.9K
$180.1K – $240.2K
NOI $14,411 @ 7.0% cap · market cap 3.03%
Theoretical Best
Warehouse
$558.6K
$488.8K – $651.7K
NOI $39,101 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08234, NJ
46,906
Population
17,728
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
92%
High-School Grad
60.7 sq mi
ZIP Area
773
Density / Sq Mi
$96,604
Median Household Income
$46,070
Median Earnings
$1,466
Median Rent
$285,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Two commercial spaces combine an operating convenience store with a separate vacant area for additional business use.
Where is this grocery and convenience store located?
The property is located at 2588 Tilton Rd Egg Harbor Township, NJ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Operating convenience store occupies approximately 2,000 SF; Separate vacant commercial space measures approximately 1,500 SF; Two commercial spaces within one building
