Automotive Flex Building with
For Sale
$1,100,000
2242 S Delsea Drive Vineland, Vineland, NJ 08360
Flexible industrial building on a high-traffic county highway with three overhead doors and ample parking for commercial vehicles.
Property Size6,936 SF
Lot Size2.00 Acres
Price / SF$157.14
Days on Market49
Property Features for 2242 S Delsea Drive Vineland
General Information
Standard status
Active
Size
6,936 SF
Total Parking Spaces
19
Lot size
2.00 Acres
Zoning
B3 R3
Additional Details
Highway Access
Yes
Drive-In Doors
3
Taxes and HOA fees
Annual Taxes
$13,213
Amenities
VINELAND
Public Sewer
CUMBERLAND
ACTIVE
B3 R3
Zoned
Forced Air
00017
Vineland City (20614)
2024
Electric
Fee Simple
S Delsea Drive Near Garrison Road
Settlement
1994
Banquet Facility/Lodge,Auto Related,Bowling Alley,Car Wash/Truck Wash,Cold Storage,Cross Dock/Truck Terminal,Day Care Facility,Flex,Garden Center,Ice Skating Rink,Manufacturing,Professional,Religious
Commercial Sale
Square Feet
Active
No
Mixed Use
13213.0
Assessor
415000.0
59175.00
Other
158.59
Yes
Natural Gas
Public
225.00 x 263.00
1.36
Parking Lot
15
6936.00
236000.00
525
19
Building Details
Building Size
6,936 SF
Year Built
1994
Listing Agency:
(609) 891-3848
Listed By:
Paul "PJ" Kiernan
(609) 891-3848
Source:
Remaxwelcomehomenj
Added: Jun 30
Changed: Aug 16
Last Checked: Aug 17 at 3:56AM
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 Paul "PJ" Kiernan
Investment Insights
Based on property information with market context.
Set on an approximately 2-acre site, this property includes a 6,000+ SF commercial building configured for automotive service, warehousing, or repurposing. The building features three overhead garage doors, along with flexible interior space designed to support a range of light commercial and storage needs. Additional storage or warehouse buildings are located toward the back of the main structure, creating separation between daily operations and extra inventory or materials.
The site is positioned with premium frontage along S Delsea Drive, described as a high-traffic county highway. The surrounding area is characterized by national retailers, automotive dealerships, restaurants, banks, and other service-based businesses, supporting a commercial setting where drive-by visibility and easy access matter.
For tenants or operators, the three overhead doors and workable interior layout make the property practical for automotive-related uses and warehouse functions that benefit from straightforward loading and staging. Ample parking and maneuverability for large commercial vehicles further support daily throughput, while the additional back-of-building storage structures can help consolidate warehousing or overflow needs without disrupting the primary work area.
The site is positioned with premium frontage along S Delsea Drive, described as a high-traffic county highway. The surrounding area is characterized by national retailers, automotive dealerships, restaurants, banks, and other service-based businesses, supporting a commercial setting where drive-by visibility and easy access matter.
For tenants or operators, the three overhead doors and workable interior layout make the property practical for automotive-related uses and warehouse functions that benefit from straightforward loading and staging. Ample parking and maneuverability for large commercial vehicles further support daily throughput, while the additional back-of-building storage structures can help consolidate warehousing or overflow needs without disrupting the primary work area.
Key Highlights
- 6,936 SF commercial building on 1.36 acres with frontage along high‑traffic S Delsea Drive
- Three overhead garage doors—setup for automotive service, warehousing, or other flexible uses
- Flexible interior space for automotive service, warehousing, or repurposing
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
$74,939
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
6.81%
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%
$1,498,780
$1.5M
Cap Rate 7%
$1,070,557
$1.1M
Cap Rate 9%
$832,656
$832.7K
Market Conditions
NOI Build-Up for 7,000 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
$126.0K $18.00/SF
− Vacancy
−$10.7K −$1.53/SF
EGI
$115.3K $16.47/SF
− OpEx
−$40.4K −$5.76/SF
NOI
$74.9K $10.71/SF
Area
Cumberland County, NJ
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
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%
$1,498,780
Cap Rate 7%
$1,070,557
Cap Rate 9%
$832,656
Alternative Uses
Best Use
Flex RnD
$1.07M
$936.7K – $1.25M
NOI $74,939 @ 7.0% cap · market cap 6.81%
Second Best
Warehouse
$701.5K
$613.8K – $818.4K
NOI $49,105 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$10.51M
$9.20M – $12.26M
NOI $735,739 @ 7.0% cap · market cap 66.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
413
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flexible industrial building on a high-traffic county highway with three overhead doors and ample parking for commercial vehicles.
Where is this flex space located?
The property is located at 2242 S Delsea Drive Vineland Vineland, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6,936 SF commercial building on 1.36 acres with frontage along high‑traffic S Delsea Drive; Three overhead garage doors—setup for automotive service, warehousing, or other flexible uses; Flexible interior space for automotive service, warehousing, or repurposing
