Building Details

Number of units 1

Flooring type Slab

Additional Structures Storage

Listing Agency: GOLDCOAST SOTHEBY'S INTERNATIONAL REALTY Show Phone

Listed By: CONSTANCE ZINDEL Show Phone

Added: Jul 1 Changed: Sep 2 Last Checked: Sep 11 at 6:06PM

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MLS# 609414

Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 9.9-acre commercial land property includes a 1,488-square-foot commercial building with a storage building, slab flooring, and off-street parking. The site is served by a private well and carries Commercial zoning.

Located at 1003 Tuckahoe Road in Petersburg, the property offers frontage along a highly traveled road with visibility from the roadway. The existing improvements provide a functional base for commercial land users seeking acreage with an on-site building and storage capacity.

Key Highlights

• 9.9‑acre commercial land parcel
• 1,488 SF commercial building
• Additional storage building on site

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

$16,702

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

4.12%

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%

$334,040 $334.0K

Cap Rate 7%

$238,600 $238.6K

Cap Rate 9%

$185,578 $185.6K

Market Conditions

NOI Build-Up for 1,488 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

$25.4K $17.04/SF

− Vacancy

−$1.5K −$1.01/SF

EGI

$23.9K $16.03/SF

− OpEx

−$7.2K −$4.81/SF

NOI

$16.7K $11.22/SF

Area

Passaic County, NJ

Vacancy

5.90%

Lease Rate

$17.04 /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%

$334,040

Cap Rate 7%

$238,600

Cap Rate 9%

$185,578

Alternative Uses

Best Use

Industrial

$238.6K

$208.8K – $278.4K (±1% cap)

NOI $16,702 @ 7.0% cap · market cap 4.12%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$388.5K

$340.0K – $453.3K (±1% cap)

NOI $27,198 @ 7.0% cap · market cap 6.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick HVAC Service Tech Support Center Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Explore this area Business Placement

Demographics for 08270, NJ

7,913

Population

3,717

Households

2.1

Avg Household Size

43

Median Age

28%

College-Educated

91%

High-School Grad

102.9 sq mi

ZIP Area

77

Density / Sq Mi

$95,033

Median Household Income

$50,520

Median Earnings

$1,145

Median Rent

$298,800

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Commercial land - Commercially zoned acreage includes an existing building, storage improvements, off-street parking, and well service.

Where is this commercial land located?

The property is located at 1003 Tuckahoe Road Petersburg, NJ.

What is the asking price?

The asking price for this property is $405,000.

What are key features of this property?

This property features: 9.9‑acre commercial land parcel; 1,488 SF commercial building; Additional storage building on site