Retail Space at South Millville
203 KATES BOULEVARD, Millville, NJ 08332
For Sale
Contact for pricing
Two available units provide flexible commercial space for retail and other business uses.
Property Size1,100 SF
Price / SF$2.00
Days on Market56
Property Features for 203 KATES BOULEVARD
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Carlo Drogo Sr. · License #1756500
(856) 333-3760
Source:
Cummingsrealtors
Added: Sep 13
Changed: Nov 6
Last Checked: Nov 6 at 9:33AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
South Millville Plaza includes two currently available commercial units identified as Unit 201 and Unit 203. The retail space measures 1,100 square feet and is positioned for retail occupancy or other business applications supported by the property’s commercial setting.
The building dates to 1980 and is located at 203 Kates Boulevard in Millville, New Jersey. Unit-specific details and additional photographs are available for further review.
The building dates to 1980 and is located at 203 Kates Boulevard in Millville, New Jersey. Unit-specific details and additional photographs are available for further review.
Key Highlights
- Two units currently available: Unit 201 and Unit 203
- 1,100 square feet of retail space
- Located at 203 Kates Boulevard, Millville, NJ 08332
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,278
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,560
$265.6K
Cap Rate 7%
$189,686
$189.7K
Cap Rate 9%
$147,533
$147.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$19.8K $18.00/SF
− Vacancy
−$832 −$0.76/SF
EGI
$19.0K $17.24/SF
− OpEx
−$5.7K −$5.17/SF
NOI
$13.3K $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 Rate 5%
$265,560
Cap Rate 7%
$189,686
Cap Rate 9%
$147,533
Alternative Uses
Best Use
Retail
$189.7K
$166.0K – $221.3K
NOI $13,278 @ 7.0% cap · market cap 603.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,616 @ 7.0% cap · market cap 5,255.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 08332, NJ
35,396
Population
15,063
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
104.5 sq mi
ZIP Area
339
Density / Sq Mi
$65,825
Median Household Income
$39,595
Median Earnings
$1,223
Median Rent
$195,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Cumberland County, NJ
Properties on Market for Retail space in Cumberland County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Two available units provide flexible commercial space for retail and other business uses.
Where is this retail space located?
The property is located at 203 KATES BOULEVARD Millville, NJ.
What are key features of this property?
This property features: Two units currently available: Unit 201 and Unit 203; 1,100 square feet of retail space; Located at 203 Kates Boulevard, Millville, NJ 08332
