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    The Largest CRE Database in the US with Over 1 Million Listings

    6200 New Jersey Ave Wildwood, NJ 08260

    Sponsored
    For Sale
    Pending
    $815,000

    Commercial/Industrial - WILDWOOD, NJ

    Lot size:
    0.21 Acres
    Days on Market:
    24
    Last Refresh:
    Feb 21 at 3:06 am

    Property Features for 6200 New Jersey Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Parking features
    Parking Lot
    Lot size
    0.21 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2010
    Building materials
    Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Kerry A Konefal

    Long & Foster Real Estate (888) 536-0216

    Listing agent Kerry A Konefal (888) 536-0216

    Listing date Jan 29, 2026

    MLS# NJCM2006184 Listing URL

    Copyright © 2026 Long & Foster Real Estate. 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 Restaurant Opportunity in Wildwood

    This property presents an opportunity to acquire a turn-key restaurant, formerly Brandon's Pancake House (previously Tony Luke's). The dining area accommodates up to 70 patrons indoors, complemented by an outdoor dining space. Thirteen parking spaces are available, along with street parking. The kitchen is in pristine condition, featuring refrigerators, a grill, and stoves in great working order. Newer gas valves and thermostats are available for backups. A spacious walk-in freezer is in good working condition. The building features a commercial-use tankless water system with water filters. A fully functional hot and cold indoor power washer station with hook-ups throughout the kitchen facilitates regular maintenance, with floors pitched to drains for easy cleaning. A full designated loading zone is located out back for deliveries, along with a clean and spacious trash/dumpster area, including two dumpsters. The hood system includes four master fans and two return make-up air fans. In 2022, Cumberland Fire Protection Co. conducted a 12-year tank removal for recharge and inspection. The entire building has heat and air conditioning, provided by three York units: one for the main restaurant, one for additional restaurant use, and one for the upstairs apartment. The apartment includes a kitchen, living room, one bedroom, and one bathroom with a washer and dryer. The property is situated on a 0.21-acre lot. The business district in Wildwood Crest is undergoing improvements, making this an opportune time to invest.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Restaurant Building Supply Accounting Firm Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.83361
    Latitude
    38.97785

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    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant with indoor and outdoor dining, plus apartment.
    Where is this restaurant located?
    The property is located at 6200 New Jersey Ave Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $815,000.
    What are key features of this property?
    This property features: - Turn-key restaurant opportunity with seating for 70 patrons inside plus outdoor dining.; - Includes a one-bedroom apartment with kitchen, living room, and in-unit washer/dryer.; - Pristine kitchen with refrigerators, grill, stoves in great working condition, and spacious walk-in freezer.
    (888) 536-0216
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    6200 New Jersey Ave Wildwood, NJ 08260
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    Wildwood, NJ 08260
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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
    6200 New Jersey Ave Wildwood, NJ 08260
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    We can help!
    Listing Contact
    Kerry A Konefal
    (888) 536-0216
    Learn more
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