Storefront Property with Commercial
New
For Sale
$900,000
1843 E Wheat Rd, Vineland, NJ 08361
Storefront property situated within a designated UEZ commercial parcel.
Property Size4,500 SF
Lot Size1.20 Acres
Price / SF$200
Days on Market5
Property Features for 1843 E Wheat Rd
General Information
Standard status
Active
Size
4,500 SF
Lot size
1.20 Acres
Property subtype
Retail
Listing Agency:
Woodbridge
Listed By:
Suketu Shah · License #1755793
(732) 807-0401
Source:
Colliers
Added: Sep 15
Last Checked: Sep 19 at 6:07AM
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 Woodbridge
Investment Insights
Based on property information with market context.
This storefront property includes a 4,500 SF building positioned on a 1.2-acre commercial parcel. The asset is located within the Vineland Urban Enterprise Zone (UEZ), combining an existing retail-oriented structure with substantial land area.
The property is at 1843 E Wheat Rd in Vineland, New Jersey, providing a defined commercial site for a buyer seeking a storefront asset with accompanying acreage.
The property is at 1843 E Wheat Rd in Vineland, New Jersey, providing a defined commercial site for a buyer seeking a storefront asset with accompanying acreage.
Key Highlights
- 4,500 SF building
- 1.2‑acre commercial parcel
- Located within Vineland Urban Enterprise Zone (UEZ)
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
$54,319
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
6.04%
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%
$1,086,380
$1.1M
Cap Rate 7%
$775,986
$776.0K
Cap Rate 9%
$603,544
$603.5K
Market Conditions
NOI Build-Up for 4,500 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
$81.0K $18.00/SF
− Vacancy
−$3.4K −$0.76/SF
EGI
$77.6K $17.24/SF
− OpEx
−$23.3K −$5.17/SF
NOI
$54.3K $12.07/SF
Area
Cumberland County, NJ
Vacancy
4.20%
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%
$1,086,380
Cap Rate 7%
$775,986
Cap Rate 9%
$603,544
Alternative Uses
Best Use
Retail
$776.0K
$679.0K – $905.3K
NOI $54,319 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.76M
$5.91M – $7.88M
NOI $472,975 @ 7.0% cap · market cap 52.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
15k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
9,835 visits/mo
0.0 miles
Sunoco
Shops & Services
5,075 visits/mo
0.1 miles
Demographics for 08361, NJ
18,669
Population
6,760
Households
2.8
Avg Household Size
44
Median Age
39%
College-Educated
87%
High-School Grad
30.3 sq mi
ZIP Area
616
Density / Sq Mi
$103,482
Median Household Income
$52,379
Median Earnings
$1,407
Median Rent
$271,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Storefront property situated within a designated UEZ commercial parcel.
Where is this storefront property located?
The property is located at 1843 E Wheat Rd Vineland, NJ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 4,500 SF building; 1.2‑acre commercial parcel; Located within Vineland Urban Enterprise Zone (UEZ)
