Mixed-Use Market and
For Sale
$1,600,000
100 E 24th Ave, North Wildwood, NJ 08260
Commercial storefront with six residential rental units and included equipment.
Property Size4,000 SF
Price / SF$400
Days on Market98
Property Features for 100 E 24th Ave
General Information
Standard status
Active
Size
4,000 SF
Additional Details
Business Included
Yes
Multifamily Units
6
Building Details
Year Built
1930
Buildings
1
Listing Agency:
BHHS Fox & Roach-Washington-Gloucester
Listed By:
Andrew T Baus · License #1433687
(856) 227-8900
Source:
Bernadetteaugello
Added: Jul 30
Changed: Oct 25
Last Checked: Oct 7 at 3:25PM
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 BHHS Fox & Roach-Washington-Gloucester
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines a currently operating family market and deli with six residential rental units. The commercial space is conveyed fully furnished with all equipment and is configured for continued market and deli operations or occupancy by another business or rental tenant. The residential units are located above and behind the storefront, creating a combined commercial and residential layout within one building.
Located at 100 E 24th Avenue in North Wildwood, the property is positioned in a shore-town setting near beaches, the boardwalk, dining, and seasonal attractions. The building dates to 1930 and offers an established mixed-use configuration with both storefront and residential components.
Located at 100 E 24th Avenue in North Wildwood, the property is positioned in a shore-town setting near beaches, the boardwalk, dining, and seasonal attractions. The building dates to 1930 and offers an established mixed-use configuration with both storefront and residential components.
Key Highlights
- Mixed‑use building with a currently operating family market and deli
- Six residential rental units located above and behind the storefront
- Commercial space conveyed fully furnished with all equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,912
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,240
$1.2M
Cap Rate 7%
$870,171
$870.2K
Cap Rate 9%
$676,800
$676.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$86.4K $21.60/SF
− Vacancy
−$5.2K −$1.30/SF
EGI
$81.2K $20.30/SF
− OpEx
−$20.3K −$5.08/SF
NOI
$60.9K $15.23/SF
Area
Cape May County, NJ
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,218,240
Cap Rate 7%
$870,171
Cap Rate 9%
$676,800
Alternative Uses
Best Use
Specialty Retail
$870.2K
$761.4K – $1.02M
NOI $60,912 @ 7.0% cap · market cap 3.81%
Second Best
Apartment 5plus
$777.5K
$680.3K – $907.1K
NOI $54,424 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,709 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
6
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
Explore this area
Business Placement
Demographics for 08260, NJ
12,964
Population
23,076
Households
0.6
Avg Household Size
53
Median Age
28%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
815
Density / Sq Mi
$71,549
Median Household Income
$40,361
Median Earnings
$1,182
Median Rent
$441,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial storefront with six residential rental units and included equipment.
Where is this mixed-use property located?
The property is located at 100 E 24th Ave North Wildwood, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Mixed‑use building with a currently operating family market and deli; Six residential rental units located above and behind the storefront; Commercial space conveyed fully furnished with all equipment
