Freestanding Office Building with Central
For Sale
$679,000
1940 N Rt 9, Swainton, NJ 08210
COMMERCIAL/INDUSTRIAL, Swainton, NJ
Property Size2,066 SF
Lot Size0.52 Acres
Price / SF$328.65
Days on Market192
Property Features for 1940 N Rt 9
General Information
Property type
Residential
Property subtype
Office
Zoning
Rt 83
Rooms
Office
Parking features
Off Street
Interior features
Restroom, Smoke/Fire Alarm, Storage
Lot features
Highway
Subdivision
Swainton
Standard status
Active
Size
2,066 SF
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4478
Utilities
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Well
Building Details
Number of units
1
Additional Structures
Storage
Listing Agency:
COASTAL ELITE REALTY · Weichert
(609) 523-1112
Listed By:
Francis Jannotta · License #0338121
(609) 374-1002
Added: Feb 11
Changed: Aug 19
Last Checked: Aug 22 at 4:06PM
MLS# 260324
Copyright © 2026 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding office-professional building offers office space plus practical on-site support features including a restroom, storage, and a smoke/fire alarm system. The property is served by forced air heating with natural gas, central air cooling, and hot water via gas. Site utilities include a well with a newer well pump and a newer septic system. A detached garage is also included, along with off-street parking.
The building is on a 0.52-acre lot zoned Rt 83 and is listed as 2,066 SF. It is located at 1940 N Rt 9 in Swainton, New Jersey 08210 in Cape May County.
Design Collaborative has continuously rented the property since 2012 and is currently on a month-to-month lease, and the seller indicates an interest in entertaining a continued tenancy with a new buyer.
The building is on a 0.52-acre lot zoned Rt 83 and is listed as 2,066 SF. It is located at 1940 N Rt 9 in Swainton, New Jersey 08210 in Cape May County.
Design Collaborative has continuously rented the property since 2012 and is currently on a month-to-month lease, and the seller indicates an interest in entertaining a continued tenancy with a new buyer.
Key Highlights
- 2,066 SF office‑professional building with office space, restroom, storage, and smoke/fire alarm
- Central air cooling plus forced air natural gas heat and gas hot water
- Newer septic and a newer well pump
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
$33,793
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
4.98%
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%
$675,860
$675.9K
Cap Rate 7%
$482,757
$482.8K
Cap Rate 9%
$375,478
$375.5K
Market Conditions
NOI Build-Up for 2,066 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
$57.8K $27.96/SF
− Vacancy
−$12.7K −$6.15/SF
EGI
$45.1K $21.81/SF
− OpEx
−$11.3K −$5.45/SF
NOI
$33.8K $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 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%
$675,860
Cap Rate 7%
$482,757
Cap Rate 9%
$375,478
Alternative Uses
Best Use
Office B
$482.8K
$422.4K – $563.2K
NOI $33,793 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.4K
$553.4K – $737.8K
NOI $44,269 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office-professional building features central air, gas heat and hot water, and off-street parking on a 0.52-acre lot.
Where is this office building located?
The property is located at 1940 N Rt 9 Swainton, NJ.
What is the asking price?
The asking price for this property is $679,000.
What are key features of this property?
This property features: 2,066 SF office‑professional building with office space, restroom, storage, and smoke/fire alarm; Central air cooling plus forced air natural gas heat and gas hot water; Newer septic and a newer well pump
