Building Details

Year Built 2026

Listing Agency: Cape May County Real Estate Brokers, LLC Show Phone

Listed By: Fredric Spackman · License #8538659 Show Phone

Source: Cummingsrealtors

Added: Aug 31 Changed: Oct 16 Last Checked: Oct 16 at 8:27AM

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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 Cape May County Real Estate Brokers, LLC

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Investment Insights

Based on property information with market context.

This 2,054 SF office property is a new-construction professional workspace with three individual offices on the first floor. The suite includes shared use of a conference room, break room, and first-level handicap-accessible bathroom. Utilities are included in the rent, and the layout provides interior access from both the front and rear of the building.

Located at 12 S. Main Street in downtown Cape May Court House, the property includes an ample rear parking lot. The space is scheduled to be available for leasing on September 15th 2026 and was built in 2026.

Key Highlights

• 2,054 SF office property with three individual first‑floor offices
• New construction completed in 2026
• Shared conference room, break room, and handicap‑accessible bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,596

Suggested Prices Based on Cap Rates

Cap Rate 5%

$671,920 $671.9K

Cap Rate 7%

$479,943 $479.9K

Cap Rate 9%

$373,289 $373.3K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,054 SF

Gross rent

$57.4K $27.96/SF

− Vacancy

−$12.6K −$6.15/SF

EGI

$44.8K $21.81/SF

− OpEx

−$11.2K −$5.45/SF

NOI

$33.6K $16.36/SF

Area

Cape May County, NJ

Vacancy

22.00%

Lease Rate

$27.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$671,920

Cap Rate 7%

$479,943

Cap Rate 9%

$373,289

Alternative Uses

Best Use

Office B

$479.9K

$420.0K – $559.9K (±1% cap)

NOI $33,596 @ 7.0% cap · market cap 1,701.06%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$628.7K

$550.1K – $733.5K (±1% cap)

NOI $44,011 @ 7.0% cap · market cap 2,228.41%

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

Property Analytics

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Open Analytics

Current Use

Eco Shine House ... Hardware & Home Improvement The Rixey Team at Cape ... Real Estate Agency Foster Edward G Law Firm

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Parking Lot & Garage Garden Center Locksmith

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

159

Businesses Nearby

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 Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office units - Three private offices share a conference room, break room, and accessible bathroom.

Where is this office units located?

The property is located at 12 MAIN STREET S Cape May Court House, NJ.

What are key features of this property?

This property features: 2,054 SF office property with three individual first‑floor offices; New construction completed in 2026; Shared conference room, break room, and handicap‑accessible bathroom