Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5 Court House South Dennis Rd Cape May Court House, NJ 08210

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,590,000

    Approved development site in a bustling tourist area.

    Property size:
    55,788 SF
    Lot size:
    0.50 Acres

    Property Features for 5 Court House South Dennis Rd

    General Information

    Size
    55,788 SF
    Lot size
    0.50 Acres

    We can help!

    Listing Contact
    Hans Hardisty
    Hans Hardisty
    Source: Moodyscre

    Listing Agent: Hans Hardisty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Approved Development Site Available

    This is an approved development site situated in a bustling tourist area with strong market rents and low market vacancies. The property is located in a major retailer area. The site encompasses 55,788 square feet, with a net rentable square footage of 43,740.
    Location Intelligence

    Current Use by Public Records

    tacoshop Taco Restaurant Verizon Business Services Internet Service Provider Popeyes lousiana kitchen Chicken Restaurant Verizon Cell Phone Store Starbucks Coffee Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cape May Court House
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.82015
    Latitude
    39.089082

    Nearby Similar for Sale

    • $574,777

      Mixed-Use Building on Large Lot

      Mixed-use property with residential and commercial spaces on 3 acres.
      38 Route 47 S, Cape May Court House, NJ 08210
      View Details
    • $574,777

      Mixed-Use Building on Large Lot

      Mixed-use property with commercial space and residential unit on 3-acre lot.
      38 Route 47 S, Cape May Court House, NJ 08210
      View Details
    • $649,900
      1,914 SF

      Turn-Key Professional Office Building

      Move-in ready professional offices in Cape May Court House, NJ.
      309 S Main St, Cape May Court House, NJ 08210
      View Details
    • $524,900

      Versatile Office/Residential Property

      Charming property suitable for residential or commercial use.
      33 E Mechanic St, Cape May Court House, NJ 08210
      View Details
    • $524,900
      0.85 Acres

      Versatile Office/Residential Property

      Charming property suitable for office, residential, or redevelopment.
      33 E Mechanic St, Cape May Court House, NJ 08210
      View Details
    • $524,900
      0.85 Acres

      Versatile Commercial/Residential Property

      Charming property suitable for residential or commercial use.
      33 E Mechanic St, Cape May Court House, NJ 08210
      View Details
    • Contact for pricing
      3,200 SF

      Multi-Use Flex Property Available

      3,200 sq ft flex space for office/warehouse/manufacturing/restaurant.
      371 Route 47, Cape May Court House, NJ 08219
      View Details
    • $1,175,000

      Cape May Commercial Office Building

      Commercial building with high exposure and rental income potential.
      804 Route 9 South, Cape May Court House, NJ 08210
      View Details
    • $649,000

      Spacious Duplex on Large Lot

      Well-maintained duplex with separate utilities on over an acre.
      286 Route 47 N, Cape May Court House, NJ 08210
      View Details
    • $1,175,000
      1.28 Acres

      Cape May Office/Professional Building

      Commercial building in Cape May Court House with high exposure.
      804 Route 9 S, Cape May Court House, NJ 08210
      View Details
    • $515,000

      Multi-Use Property in Cape May

      Versatile property with residential, commercial, and retail opportunities.
      1187 Route 9 S, Cape May Court House, NJ 08210
      View Details
    • $3,700,000

      Established Restaurant at Busiest Intersection

      High-performing restaurant at a prime location with expansion potential.
      218 North Main St, Cape May Court House, NJ 08210
      View Details

    FAQs

    What type of property is this?
    Industrial property - Approved development site in a bustling tourist area.
    Where is this industrial property located?
    The property is located at 5 Court House South Dennis Rd Cape May Court House, NJ.
    What is the asking price?
    The asking price for this property is $1,590,000.
    What are key features of this property?
    This property features: - Approved development site ready for your vision.; - Strong market rents offer excellent investment potential.; - Located in a bustling tourist area, ensuring high visibility.
    (914) 489-7909
    Request Owner's contact information
    5 Court House South Dennis Rd Cape May Court House, NJ 08210
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5 Court House South Dennis Rd
    Cape May Court House, NJ 08210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Court House South Dennis Rd Cape May Court House, NJ 08210
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Hans Hardisty
    Hans Hardisty
    (914) 489-7909
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.