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    5 S Main St Cape May Court House, NJ 08210

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    Sponsored
    For Sale
    $1,599,995

    Mixed Use - Cape May Court House, NJ

    Type:Mixed Use
    Property size:
    4,200 SF
    Days on Market:
    4
    Last Refresh:
    Mar 30 at 7:06 am

    Property Features for 5 S Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    TB
    Rooms
    Basement, Kitchen, Laundry, Living Room, Utility Room
    Patio and Porch features
    Patio, Porch
    Exterior features
    Patio, Porch, Sidewalks
    Basement Y/N
    1
    Size
    4,200 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    7
    Architectural style
    Other

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    Listing Contact
    Patricia Gesswein
    Patricia Gesswein

    Houwzer LLC

    Listing agent Patricia Gesswein License #0682871

    Listing date Mar 27, 2026

    MLS# 260763 Listing URL

    Copyright © 2026 Cape May County Association of Realtors. 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

    Mixed-Use Investment Property For Sale

    Located in the heart of downtown Cape May Court House, this mixed-use building offers a rare investment opportunity. The property is positioned along Main Street, providing visibility and access to Stone Harbor beaches, local dining, boutique shopping, and the Garden State Parkway. The building includes three commercial units and four residential apartments, generating approximately $135,000 in gross annual rental income. The building has a strong rental history. Each unit has separate electric service, along with a house meter dedicated to the common areas, and many units have been recently updated. The commercial spaces consist of Unit 101 with three rooms and a half bath, Unit 102 with three rooms and a half bath, and Unit 103 with two rooms and a half bath. The residential units include Units 201, 202, and 302, each offering two bedrooms and one full bath, while Unit 301 provides one bedroom and one full bath. Public water and sewer serve the building. Units 101, 102, and 103 share a single water meter, while all residential units are individually metered. Hot water usage is divided between one shared electric water heater for the commercial units and gas hot water heaters for the residential apartments. Climate control systems throughout the building are modern and efficient. Central air conditioning is provided for Units 101, 102, 103, 301, and 302, while Units 201 and 202 operate with ductless mini-split air conditioning. Heating is supplied by gas forced-air furnaces in Units 101, 102, 103, 301, and 302, and ductless heating units in Units 201 and 202. In total, the building operates with five central HVAC systems and two ductless systems. Additional benefits include approximately 4,200 square feet of interior space, a full unfinished basement, and low-maintenance vinyl siding on the exterior. Parking is convenient, with street parking available directly in front of the building and a municipal lot positioned immediately behind it. The property is an income-producing asset in a high-traffic location, offering long-term stability and investment potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prince Photography Photography Service Cardillo Dennis A OD Physician M.S. Brown Jewelers (Bike/Boat/Book/etc) Store Kugler Law Firm Law Firm Harvatt II Anthony ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape May Court House
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8239786
    Latitude
    39.082229

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    FAQs

    What type of property is this?
    Mixed-use property - Seven-unit mixed-use building in downtown Cape May Court House.
    Where is this mixed-use property located?
    The property is located at 5 S Main St Cape May Court House, NJ.
    What is the asking price?
    The asking price for this property is $1,599,995.
    What are key features of this property?
    This property features: - High Gross Annual Rental Income: Generates approximately $135,000 annually.; - Prime Main Street Location: Exceptional visibility and high-traffic in downtown Cape May Court House.; - Mixed-Use Building: Seven units including three commercial and four residential spaces.
    (732) 620-0435
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    5 S Main St Cape May Court House, NJ 08210
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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
    5 S Main St Cape May Court House, NJ 08210
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    We can help!
    Listing Contact
    Patricia Gesswein
    Patricia Gesswein
    Real Estate License ID: RS067440
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