Mixed-Use Income
For Sale
$1,495,000
1071 E Landis Avenue, Vineland, NJ 08360
Mixed-use building offering multifamily, office, and retail space totaling 3,966 SF.
Property Size3,966 SF
Price / SF$376.95
Days on Market132
Property Features for 1071 E Landis Avenue
General Information
Standard status
Active
Size
3,966 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1975
Listing Agency:
EXP Realty,LLC
Listed By:
Carlo Drogo Sr. · License #1756500
(856) 333-3760
Source:
Deepcreeklake
Added: Apr 30
Changed: Sep 7
Last Checked: Sep 8 at 7:42AM
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 EXP Realty,LLC
Investment Insights
Based on property information with market context.
This mixed-use income property combines multifamily, office, and retail space under one roof, totaling 3,966 SF. The offering is presented as a for-sale mixed-use, multifamily, office, and retail asset.
The property is located at 1071 E Landis Ave in Vineland, NJ. Public remarks also reference 02/18/2022.
If you’re evaluating a multi-component setup for leasing flexibility, this building provides multiple revenue streams across residential and commercial uses within the same property footprint.
The property is located at 1071 E Landis Ave in Vineland, NJ. Public remarks also reference 02/18/2022.
If you’re evaluating a multi-component setup for leasing flexibility, this building provides multiple revenue streams across residential and commercial uses within the same property footprint.
Key Highlights
- Mixed‑use building offering multifamily, office, and retail space totaling 3,966 SF
- Built in 1975
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
$47,480
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
3.18%
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%
$949,600
$949.6K
Cap Rate 7%
$678,286
$678.3K
Cap Rate 9%
$527,556
$527.6K
Market Conditions
NOI Build-Up for 3,966 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
$92.3K $23.28/SF
− Vacancy
−$6.0K −$1.51/SF
EGI
$86.3K $21.77/SF
− OpEx
−$38.8K −$9.80/SF
NOI
$47.5K $11.97/SF
Area
Cumberland County, NJ
Vacancy
6.50%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
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%
$949,600
Cap Rate 7%
$678,286
Cap Rate 9%
$527,556
Alternative Uses
Best Use
Apartment 5plus
$678.3K
$593.5K – $791.3K
NOI $47,480 @ 7.0% cap · market cap 3.18%
Second Best
Mixed Use
$573.7K
$502.0K – $669.3K
NOI $40,156 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$5.95M
$5.21M – $6.95M
NOI $416,849 @ 7.0% cap · market cap 27.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
Explore this area
Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building offering multifamily, office, and retail space totaling 3,966 SF.
Where is this mixed-use property located?
The property is located at 1071 E Landis Avenue Vineland, NJ.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Mixed‑use building offering multifamily, office, and retail space totaling 3,966 SF; Built in 1975
