Storefront Property with
For Sale
$300,000
10 E MAIN STREET #D, Millville, NJ 08332
Downtown Commercial space with flexible interior planning and additional lower-level area for storage or business use.
Property Size2,100 SF
Price / SF$142.86
Days on Market37
Property Features for 10 E MAIN STREET #D
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Commercial
Zoning
Downtown Commercial
Building Details
Year Built
2006
Listing Agency:
Keller Williams Prime Realty
(856) 503-6606
Listed By:
Yogesh U Thakur · License #2190185
(856) 503-6606
Source:
Cummingsrealtors
Added: Jul 26
Changed: Aug 30
Last Checked: Aug 8 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Prime Realty
Investment Insights
Based on property information with market context.
This storefront property includes approximately 2,100 square feet on the main level, along with an open basement area that can support storage or other business functions. The interior currently includes a partition, and the seller is willing to consider removing it to support a different layout. The space is described as well maintained and can accommodate permitted uses such as a bakery, café, restaurant, dance or fitness studio, yoga studio, dry cleaner, or professional office.
The property is located directly across from the Millville riverfront, providing a prominent setting with convenient access. Downtown Commercial zoning supports a range of business concepts, subject to applicable approvals and permitted-use requirements.
The property is located directly across from the Millville riverfront, providing a prominent setting with convenient access. Downtown Commercial zoning supports a range of business concepts, subject to applicable approvals and permitted-use requirements.
Key Highlights
- Approximately 2,100 sq. ft. of main‑level storefront space
- Open basement area available for storage or additional business use
- Located directly across from the Millville riverfront
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
$25,349
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
8.45%
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%
$506,980
$507.0K
Cap Rate 7%
$362,129
$362.1K
Cap Rate 9%
$281,656
$281.7K
Market Conditions
NOI Build-Up for 2,100 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
$37.8K $18.00/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$36.2K $17.24/SF
− OpEx
−$10.9K −$5.17/SF
NOI
$25.3K $12.07/SF
Area
Cumberland County, NJ
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$506,980
Cap Rate 7%
$362,129
Cap Rate 9%
$281,656
Alternative Uses
Best Use
Retail
$362.1K
$316.9K – $422.5K
NOI $25,349 @ 7.0% cap · market cap 8.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,722 @ 7.0% cap · market cap 73.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 10%
Electronics 4%
Wawa
Shops & Services
13,530 visits/mo
0.2 miles
Family Dollar
Shops & Services
7,845 visits/mo
0.5 miles
Roasters
Dining
2,226 visits/mo
0.2 miles
Boost Mobile
Electronics
974 visits/mo
0.5 miles
Wildflower Cafe
Dining
375 visits/mo
0.3 miles
Demographics for 08332, NJ
35,396
Population
15,063
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
104.5 sq mi
ZIP Area
339
Density / Sq Mi
$65,825
Median Household Income
$39,595
Median Earnings
$1,223
Median Rent
$195,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Alisa Florals — 541 W Main St, Millville, NJ 08332
Frequently Asked Questions
What type of property is this?
Storefront property - Downtown Commercial space with flexible interior planning and additional lower-level area for storage or business use.
Where is this storefront property located?
The property is located at 10 E MAIN STREET #D Millville, NJ.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Approximately 2,100 sq. ft. of main‑level storefront space; Open basement area available for storage or additional business use; Located directly across from the Millville riverfront
