Automotive and Commercial Flex
For Sale
$674,999
6531 Delilah Rd, Egg Harbor Township, NJ 08234
Commercial property with permitted uses spanning automotive, food service, medical, retail, warehousing, and light manufacturing.
Property Size2,400 SF
Price / SF$281.25
Days on Market109
Property Features for 6531 Delilah Rd
General Information
Standard status
Active
Size
2,400 SF
Building Details
Year Built
1965
Listing Agency:
Keller Williams Realty - Ocean City
Listed By:
Thomas Dati · License #2184856
Source:
Kandorre
Added: May 8
Changed: Aug 23
Last Checked: Aug 24 at 10:16AM
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 Keller Williams Realty - Ocean City
Investment Insights
Based on property information with market context.
This commercial property supports a broad range of uses, including fast food and drive-through restaurants, medical offices, schools, banks, personal service establishments, retail services, convenience food stores, and food markets. The listed uses also include light manufacturing and fabrication, warehousing and storage facilities, motel-hotels, bakeries and delis, mail-cargo-freight delivery and distribution, research laboratories, wireless communications, and private garages.
The property is located at 6531 Delilah Rd in Egg Harbor Township, New Jersey. Please refer to local regulations for final use eligibility under the applicable zoning and approvals.
With its mix of compatible commercial uses, the site may fit a variety of operational concepts within the categories listed above.
The property is located at 6531 Delilah Rd in Egg Harbor Township, New Jersey. Please refer to local regulations for final use eligibility under the applicable zoning and approvals.
With its mix of compatible commercial uses, the site may fit a variety of operational concepts within the categories listed above.
Key Highlights
- Year built: 1965
- Permitted commercial uses include fast food and drive‑through restaurants
- Permitted uses also include medical offices, schools, banks, and personal service establishments
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
$51,522
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
7.63%
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%
$1,030,440
$1.0M
Cap Rate 7%
$736,029
$736.0K
Cap Rate 9%
$572,467
$572.5K
Market Conditions
NOI Build-Up for 2,400 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
$80.4K $33.48/SF
− Vacancy
−$6.7K −$2.81/SF
EGI
$73.6K $30.67/SF
− OpEx
−$22.1K −$9.20/SF
NOI
$51.5K $21.47/SF
Area
Atlantic County, NJ
Vacancy
8.40%
Lease Rate
$33.48 /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%
$1,030,440
Cap Rate 7%
$736,029
Cap Rate 9%
$572,467
Alternative Uses
Best Use
Industrial
$736.0K
$644.0K – $858.7K
NOI $51,522 @ 7.0% cap · market cap 7.63%
Second Best
Retail
$329.4K
$288.2K – $384.3K
NOI $23,058 @ 7.0% cap · market cap 3.42%
Theoretical Best
Warehouse
$893.7K
$782.0K – $1.04M
NOI $62,562 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08234, NJ
46,906
Population
17,728
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
92%
High-School Grad
60.7 sq mi
ZIP Area
773
Density / Sq Mi
$96,604
Median Household Income
$46,070
Median Earnings
$1,466
Median Rent
$285,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Sam's Automatic Transmission — 2584 Tilton Rd, Egg Harbor Township, NJ 08234
- BRD Auto Center — 6531 Delilah Rd, Egg Harbor Township, NJ 08234
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with permitted uses spanning automotive, food service, medical, retail, warehousing, and light manufacturing.
Where is this auto shop located?
The property is located at 6531 Delilah Rd Egg Harbor Township, NJ.
What is the asking price?
The asking price for this property is $674,999.
What are key features of this property?
This property features: Year built: 1965; Permitted commercial uses include fast food and drive‑through restaurants; Permitted uses also include medical offices, schools, banks, and personal service establishments
