Two-Story Mixed-Use
For Sale
$7,999,000
3210 PACIFIC AVE Unit 0, Wildwood, NJ 08260
Freestanding corner property in Wildwood’s Central Business District within the Pacific Avenue Redevelopment Zone.
Property Size20,000 SF
Price / SF$399.95
Days on Market515
Property Features for 3210 PACIFIC AVE Unit 0
General Information
Standard status
Active
Size
20,000 SF
Property subtype
General Commercial
Zoning
Pacific Avenue Redevelopment Zone
Taxes and HOA fees
Annual Taxes
$14,687
Amenities
Concrete, Wood
3
Flat
Commercial
Corner Lot.
Level
110X100, 110X100
Freestanding. Central Business District, Corner, Level.
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
REALTY EXECUTIVES EXCEPTIONAL
(862) 849-6776
Listed By:
PHILIP BARONE
(862) 849-6776
Source:
Xome
Added: Apr 3, 2025
Changed: Aug 30
Last Checked: Aug 30 at 4:17AM
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 REALTY EXECUTIVES EXCEPTIONAL
Investment Insights
Based on property information with market context.
This freestanding mixed-use property contains 20,000 SF across two stories and was built in 1950. The building has concrete and wood interior elements, a level configuration, and a corner-lot setting. Its commercial profile supports continued business use as well as the redevelopment possibilities identified for the site, including multifamily residential and mixed-use applications.
The property is located at 3210 Pacific Ave in Wildwood, NJ, two blocks from the beach and near a major boardwalk entertainment pier. It is within the Pacific Avenue Redevelopment Zone, a municipality-approved area designated for revitalization and growth, and sits in the Central Business District.
The property is located at 3210 Pacific Ave in Wildwood, NJ, two blocks from the beach and near a major boardwalk entertainment pier. It is within the Pacific Avenue Redevelopment Zone, a municipality-approved area designated for revitalization and growth, and sits in the Central Business District.
Key Highlights
- 20,000 SF, two‑story commercial building
- Built in 1950 with concrete and wood interior elements
- Freestanding, level corner‑lot property
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
$231,840
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
2.90%
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%
$4,636,800
$4.6M
Cap Rate 7%
$3,312,000
$3.3M
Cap Rate 9%
$2,576,000
$2.6M
Market Conditions
NOI Build-Up for 20,000 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
$360.0K $18.00/SF
− Vacancy
−$28.8K −$1.44/SF
EGI
$331.2K $16.56/SF
− OpEx
−$99.4K −$4.97/SF
NOI
$231.8K $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 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%
$4,636,800
Cap Rate 7%
$3,312,000
Cap Rate 9%
$2,576,000
Alternative Uses
Best Use
Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 2.90%
Second Best
Mixed Use
$2.56M
$2.24M – $2.99M
NOI $179,400 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$6.12M
$5.36M – $7.14M
NOI $428,544 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 47%
Hotels & Casinos 3%
Home Improvements & Furnishings 1%
ACME Markets
Groceries
12,393 visits/mo
0.5 miles
Wawa
Shops & Services
11,860 visits/mo
0.2 miles
Dollar General
Shops & Services
3,377 visits/mo
0.4 miles
Liquor Mart
Groceries
2,297 visits/mo
0.5 miles
The Waves Hotel - Ascend Hotel Collection
Hotels & Casinos
940 visits/mo
0.5 miles
Demographics for 08260, NJ
12,964
Population
23,076
Households
0.6
Avg Household Size
53
Median Age
28%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
815
Density / Sq Mi
$71,549
Median Household Income
$40,361
Median Earnings
$1,182
Median Rent
$441,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Freestanding corner property in Wildwood’s Central Business District within the Pacific Avenue Redevelopment Zone.
Where is this mixed-use property located?
The property is located at 3210 PACIFIC AVE Unit 0 Wildwood, NJ.
What is the asking price?
The asking price for this property is $7,999,000.
What are key features of this property?
This property features: 20,000 SF, two‑story commercial building; Built in 1950 with concrete and wood interior elements; Freestanding, level corner‑lot property
