Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    525 Elmira St Cape May, NJ 08204

    Sponsored
    For Sale
    $1,300,000

    Commercial/Industrial - Cape May, NJ

    Property size:
    4,800 SF
    Days on Market:
    135
    Last Refresh:
    Feb 17 at 8:06 am

    Property Features for 525 Elmira St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Security Lighting, Security System
    Zoning
    C5
    Interior features
    Handicap Features, Restroom, Security System, Smoke/Fire Alarm
    Exterior features
    Security Light/System, Security Camera
    Accessibility
    Accessible Approach with Ramp
    Size
    4,800 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    Charity R Clark

    RESORTS REALTY

    Listing agent Charity R Clark, ABR, GRI (609) 884-9070 License #9481499

    Listing date Oct 6, 2025

    MLS# 252962 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

    Cape May Commercial/Industrial Opportunity

    Located in Cape May's C-5 Commercial District, this commercial and warehouse property offers approximately 4,800 square feet of warehouse and office space on an oversized 18,000 square-foot lot. The building is in good condition with a newer roof. The interior features office areas, second-floor storage with a conveyor belt, and a utility kitchen equipped with a hood, sink, and prep area, suitable for commissary, catering, or food preparation, but not a restaurant. The property includes a First Right of Refusal to purchase the home at 615 Broad Street, which sits on an oversized lot and can provide additional space or serve as a primary or secondary entrance to a future project. The C-5 zoning allows for a range of uses, including warehousing, retail, contractor or trade businesses, wholesale distribution, professional offices, personal services, research and development, and other general commercial uses. The lot exceeds the 10,000 SF minimum, offering flexibility for expansion or redevelopment. Originally the Morrow Nut House Candy factory, the property is now permitted for office, storage, and bakery purposes. Both properties are contributing HPC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape May
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.9238501
    Latitude
    38.9360107

    Nearby Similar for Sale

    • $4,290,000
      4,400 SF

      Prime Cape May Commercial Opportunity

      Three-parcel package in historic Cape May with retail and parking.
      609 Jefferson St, Cape May, NJ 08204
      View Details
    • $3,950,000

      Route 109 Commercial Opportunity

      Commercial building in Cape May's Marina District for sale.
      1228 Rte 109 Hwy, Cape May, NJ 08204
      View Details
    • $3,995,000
      3,565 SF

      Historic Cape May Bed & Breakfast

      Turn-key bed and breakfast near Washington Street mall and beaches.
      202 Ocean St, Cape May, NJ 08204
      View Details
    • $4,290,000
      4,400 SF

      Prime Mixed-Use Cape May Opportunity

      Three-parcel package in historic Cape May with commercial building and potential.
      609 Jefferson St, Cape May, NJ 08204
      View Details
    • $4,290,000
      4,400 SF

      Prime Cape May Commercial Opportunity

      Three-parcel package in Historic Cape May with commercial building and parking.
      609 Jefferson St, Cape May, NJ 08204
      View Details
    • $2,860,000
      4,488 SF

      Historic Cape May Apartment Building

      Four seasonal rental apartments plus owner's quarters in prime location.
      933 Washington St, Cape May, NJ 08204
      View Details
    • $3,950,000
      6,200 SF

      Updated Retail in Marina District

      Over 6,000 sq ft retail in Lower Township, NJ.
      1228 Route 109, Cape May, NJ 08204
      View Details
    • $499,900

      Commercial Duplex in Prime Location

      Commercial duplex in North Cape May with business potential.
      3802 Bayshore Rd Rd, Cape May, NJ 08204
      View Details
    • $3,199,000

      Historic Cape May Victorian Duplex

      Charming Victorian duplex in Cape May's Historic District.
      626 Hughes St, Cape May, NJ 08204
      View Details
    • $1,300,000
      5,000 SF

      Versatile Commercial Space in Cape May

      Adaptable commercial space licensed for warehouse, office, and bakery use.
      525 Elmira St, Cape May, NJ 08204
      View Details
    • $75,000

      Established Tanning Salon Business

      Operating tanning salon business for sale in Lower Township, NJ.
      3305 Bayshore Rd, Cape May, NJ 08204
      View Details
    • Contact for pricing
      1,272 SF

      Charming Coastal Retreat in Cape May

      Coastal home near beach, shops, and restaurants in Cape May.
      1132 Illinois Ave, Cape May, NJ 08204
      View Details

    FAQs

    What type of property is this?
    Warehouse - 4,800 SF commercial warehouse with office space on 18,000 SF lot.
    Where is this warehouse located?
    The property is located at 525 Elmira St Cape May, NJ.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Oversized 18,000 SF lot in Cape May's C-5 Commercial District, exceeding the 10,000 SF minimum.; - 4,800 SF commercial warehouse with office space.; - First Right of Refusal to purchase the home at 615 Broad Street.
    (609) 408-2192
    Request Owner's contact information
    525 Elmira St Cape May, NJ 08204
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    525 Elmira St
    Cape May, NJ 08204
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    525 Elmira St Cape May, NJ 08204
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Charity R Clark
    Real Estate License ID: 9481499
    (609) 408-2192 (609) 884-9070
    Learn more
    Google sign-in failed. Please try again or use another login method.