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    487 Delsea Dr Dr Malaga, NJ 08328

    View on Map
    Sponsored
    For Sale
    $749,000

    Commercial - Malaga, NJ

    Days on Market:
    82
    Last Refresh:
    Mar 23 at 4:06 am

    Property Features for 487 Delsea Dr Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Flooring type
    Concrete
    Building materials
    Block

    We can help!

    Listing Contact
    Stephanie Verderose

    EXIT HOMESTEAD REALTY PROFESSIONALS LLC

    Listing agent STEPHANIE VERDEROSE License #8737276

    Listing date Dec 31, 2025

    MLS# 597650 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Turn-Key Business Opportunity in Malaga

    This is an exceptional turn-key business opportunity situated in a high-visibility commercial setting. The offering includes both the building and the established Toni's Treats business. The property benefits from a heavily trafficked location, experiencing consistent activity throughout the week, with increased business during the summer months due to shore traffic. Its location is within walking distance of a Super Wawa, Dunkin', Family Dollar, CVS, a restaurant, a diner, and other local retailers, ensuring year-round traffic from locals and passersby. Toni's Treats has been a locally owned business for many years, specializing in ice cream, water ice, and food to order. Customers can also purchase custom-made ice cream cakes and pre-made sweet treats. The building is configured for both indoor and outdoor dining, and the parking lot provides ample parking space. The business features high-end commercial kitchen appliances, a double walk-in cooler, and a security system. In addition to the building, building supplies, and business, there is additional income available with the billboard on the property. The property is located in Malaga, New Jersey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Malaga
    County
    State
    New Jersey
    Longitude
    -75.0618
    Latitude
    39.5797

    Nearby Similar for Sale

    • $275,000
      1,540 SF

      Harding Highway Commercial Building

      High-traffic Malaga, NJ property.
      3715 Harding Hwy, Malaga, NJ 08328
      View Details
    • Contact for pricing
      1.28 Acres

      Malaga Commercial Space For Lease

      High-visibility, versatile space available.
      344 Delsea Dr, Malaga, NJ 08328
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Established ice cream and food business with high visibility location.
    Where is this grocery and convenience store located?
    The property is located at 487 Delsea Dr Dr Malaga, NJ.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: - Turn-key business opportunity: Established and profitable Toni's Treats business and building for sale.; - High-traffic location: Situated in a busy commercial area with year-round local and passerby traffic, plus increased summer shore traffic.; - Proximity to major retailers: Walking distance to Super Wawa, Dunkin', Family Dollar, CVS, restaurant, diner, and other local retailers.
    (609) 774-7117
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    487 Delsea Dr Dr Malaga, NJ 08328
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    Malaga, NJ 08328
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    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
    487 Delsea Dr Dr Malaga, NJ 08328
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    We can help!
    Listing Contact
    Stephanie Verderose
    Real Estate License ID: 8737276
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