Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wildwood Townhome Near Beach Title is generated by Realmo AI

    217 E SPENCER AVE #217B, Wildwood, NJ 08260

    View on Map
    Claim this Listing
    For Sale
    $600,000

    Well-maintained townhome near the beach, boardwalk, and Wildwood attractions.

    Type:Townhouse
    Property size:
    1,470 SF
    Price / SF:
    $408/SF
    Added:
    Aug 26, 2025
    Days on Market:
    281
    Last Refresh:
    May 19 at 9:47 pm

    Property Features for 217 E SPENCER AVE #217B

    General Information

    Standard status
    Active
    Size
    1,470 SF
    Property subtype
    Townhouse

    Building Details

    Year Built
    2004

    We can help!

    Listing Contact
    Erin Cinalli

    Listing agent Erin Cinalli License #1435376

    Listing office Washington Township

    Listing date Aug 26, 2025

    Source Kw

    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 Washington Township

    HighLights

    • Prime location: Just 2 blocks from the Beach and Boardwalk in the heart of Wildwood, offering walkability to restaurants, shopping, and attractions.
    • Private entrance: Enjoy unique private stairway access from the garage or outside, not shared with neighbors.
    • Two assigned garage parking spaces and storage unit.
    • Multiple balconies: Primary bedroom boasts a private balcony, plus shared balcony access from other bedrooms.
    • Open floor plan: Living room, dining, kitchen, pantry, and half bath on the main level.
    • Small association: Only 6 units, fostering a sense of community.

    Overview

    This well-maintained townhome is situated just two blocks from the beach and boardwalk, in the heart of Wildwood. The property features an open floor plan encompassing a living room, dining area, kitchen, pantry, and half bath, along with a balcony accessible from the dining area. The upper level includes a primary bedroom with a private bathroom and balcony, two additional bedrooms (one with a shared balcony), a hall bath, and a laundry area. The garage provides two assigned parking spaces and a storage unit. A shared common area backyard includes individual outside showers for each unit. Uniquely, this townhome has a private entrance and stairway accessible from both the garage and the exterior, without shared access with neighbors. The small association comprises only six units. This property is suitable for enjoying summers in Wildwood, with easy access to restaurants, shopping, the boardwalk, beach, rides, and water parks. The property size is 1470 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Restaurant Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8281
    Latitude
    38.9808

    Nearby Similar for Sale

    • $2,900,000
      3,938 SF

      Prime Boardwalk Commercial Property

      High-visibility Wildwood Boardwalk property with retail and food service spaces.
      2914 Boardwalk, Wildwood, NJ 08260
      View Details
    • $2,099,000
      3,846 SF

      Boardwalk Property with Income Potential

      Prime boardwalk location with existing leases and income.
      3400 Boardwalk, Wildwood, NJ 08260
      View Details
    • $1,850,000
      6,000 SF

      Renovated Multifamily Property, Wildwood

      Fully renovated 7-unit multifamily property in Wildwood, New Jersey.
      115-117 W POPLAR, WILDWOOD, NJ 08260
      View Details
    • $749,999
      1,665 SF

      Prime Boardwalk Commercial Unit

      High-visibility commercial space in Wildwood's vibrant boardwalk area.
      2910 Boardwalk, Wildwood, NJ 08260
      View Details
    • $749,999
      1,665 SF

      Prime Boardwalk Commercial Unit

      Exceptional commercial unit in the heart of Wildwood, New Jersey.
      2910 Boardwalk, Wildwood, NJ 08260
      View Details
    • $714,000
      692 SF

      Wildwood Boardwalk Retail Investment

      Prime boardwalk retail space with existing lease and high visibility.
      3400 Boardwalk, Wildwood, NJ 08260
      View Details
    • $2,295,000
      6,000 SF

      Wildwood Condo Portfolio with Development Potential

      Nine condos and a buildable lot near Wildwood's attractions.
      217-221 E BURK Avenue, WILDWOOD, NJ 08260
      View Details
    • $1,369,000

      Wildwood Multifamily Investment Opportunity

      14-bedroom multifamily property near the beach in Wildwood, NJ.
      2910 Ocean Avenue, Wildwood, NJ 08260
      View Details
    • $1,850,000

      Renovated Multifamily Property in Wildwood

      Fully renovated 7-unit multifamily property in the heart of Wildwood.
      115-117 W Poplar Avenue, Wildwood, NJ 08260
      View Details
    • $899,700

      Four-Unit Multifamily Property

      Four well-configured units on a large lot with off-street parking, including a spacious owner-style layout plus rental income potential.
      208 E Maple Avenue, Wildwood, NJ 08260
      View Details
    • $175,000
      1,515 SF

      Prime Location Commercial Condo

      Commercial condo near beach, boardwalk, and convention center.
      4501 Pacific Avenue, Wildwood, NJ 08260
      View Details
    • $1,599,999

      Dual-Residence Beachfront Income Property

      Two fully independent residences offer flexible owner-operator use with a strong seasonal rental record near the boardwalk.
      218 E Taylor Avenue, Wildwood, NJ 08260
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Well-maintained townhome near the beach, boardwalk, and Wildwood attractions.
    Where is this short term rental property located?
    The property is located at 217 E SPENCER AVE #217B Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Prime location: Just 2 blocks from the Beach and Boardwalk in the heart of Wildwood, offering walkability to restaurants, shopping, and attractions.; Private entrance: Enjoy unique private stairway access from the garage or outside, not shared with neighbors.; Two assigned garage parking spaces and storage unit.
    (609) 922-2857
    We can help!
    Listing Contact
    Erin Cinalli
    Real Estate License ID: 1435376
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    217 E SPENCER AVE #217B, WILDWOOD, NJ 08260,
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!