Building Details

Year Built 1990

Listing Agency: BHHS Fox & Roach-Margate Show Phone

Listed By: Todd Gordon · License #0230073 Show Phone

Source: Cummingsrealtors

Added: Jul 17 Changed: Oct 27 Last Checked: Oct 26 at 3:21PM

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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-Margate

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 1,200 SF commercial storefront is available for lease and was previously operated as a music store. The space includes forced-air heat and central air, along with one bathroom, and features a flexible interior layout suitable for a range of retail, service, or office uses.

The property is located along high-traffic Route 9 S and offers easy access. A large customer parking lot is in front, with dedicated owner parking in the rear.

Tenant responsibilities include gas, electric, and heat. Water and sewer are to be confirmed. The space is available soon.

Key Highlights

• 1,200 SF commercial storefront for lease on high‑traffic Route 9 S
• Gross lease at $2,100/month with negotiable term
• Flexible interior layout previously used as a music store; suited for retail, service, or office use

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,910

Suggested Prices Based on Cap Rates

Cap Rate 5%

$278,200 $278.2K

Cap Rate 7%

$198,714 $198.7K

Cap Rate 9%

$154,556 $154.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$21.6K $18.00/SF

− Vacancy

−$1.7K −$1.44/SF

EGI

$19.9K $16.56/SF

− OpEx

−$6.0K −$4.97/SF

NOI

$13.9K $11.59/SF

Area

Cape May County, NJ

Vacancy

8.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$278,200

Cap Rate 7%

$198,714

Cap Rate 9%

$154,556

Alternative Uses

Best Use

Retail

$198.7K

$173.9K – $231.8K (±1% cap)

NOI $13,910 @ 7.0% cap · market cap 662.38%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$367.3K

$321.4K – $428.6K (±1% cap)

NOI $25,713 @ 7.0% cap · market cap 1,224.43%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Cape May nutrition Cafe & Coffee Shop Mayville Plaza Shopping Center & Mall Cape 9 Records Recording Studio Twist Salon & Barbershop Hair Salon

Suggested Use

Top Pick Real Estate Agency Hair Salon HVAC Service Pharmacy Electrical Service Big Box & Wholesale Store

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

Location Intelligence

Trade Area within ½ mile

152

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 08210, NJ

17,635

Population

8,374

Households

2.1

Avg Household Size

47

Median Age

33%

College-Educated

93%

High-School Grad

68.5 sq mi

ZIP Area

257

Density / Sq Mi

$93,855

Median Household Income

$48,086

Median Earnings

$1,538

Median Rent

$337,700

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Storefront with forced-air heat and central air, one bathroom, and front customer parking with rear owner parking.

Where is this storefront property located?

The property is located at 1027 S ROUTE 9 Cape May Court House, NJ.

What are key features of this property?

This property features: 1,200 SF commercial storefront for lease on high‑traffic Route 9 S; Gross lease at $2,100/month with negotiable term; Flexible interior layout previously used as a music store; suited for retail, service, or office use