Flex Space with Overhead
2242 S Delsea Dr, Vineland, NJ 08360
For Sale
$1,100,000
Commercial property with adaptable interiors, vehicle maneuvering areas, and rear storage structures along S Delsea Drive.
Property Size6,936 SF
Lot Size2.00 Acres
Price / SF$158.59
Days on Market99
Property Features for 2242 S Delsea Dr
General Information
Standard status
Size
Lot size
Site & Location
Highway Access
Road Access
Additional Details
Drive-In Doors
Amenities
overhead garage doors
Building Details
Year Built
Listing Agency:
BHHS Fox & Roach-Vineland
Listed By:
Susanna Philippoussis · License NJ #450943
(856) 979-1116
Source:
Kandorre
Added: Aug 8
Changed: Nov 2
Last Checked: Nov 12 at 1:40PM
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 BHHS Fox & Roach-Vineland
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Investment Insights
Based on property information with market context.
The property includes an approximately 2-acre commercial site with an existing 6,000+ SF building constructed in 1994. The main structure has three overhead garage doors and flexible interior areas that can accommodate automotive service, warehousing, or repurposing. Additional storage and warehouse buildings are positioned behind the primary building, with parking and maneuvering areas suitable for large commercial vehicles.
Located along S Delsea Drive, a county highway, the property is surrounded by national retailers, automotive dealerships, restaurants, banks, and service-oriented businesses. The combination of an established commercial building, accessory storage structures, and highway frontage supports a range of flex-space and industrial applications.
Located along S Delsea Drive, a county highway, the property is surrounded by national retailers, automotive dealerships, restaurants, banks, and service-oriented businesses. The combination of an established commercial building, accessory storage structures, and highway frontage supports a range of flex-space and industrial applications.
Key Highlights
- Approximately 2± acres along S Delsea Drive
- Existing 6,000+ SF commercial building constructed in 1994
- Three (3) overhead garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,723
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,674,460
$1.7M
Cap Rate 7%
$1,196,043
$1.2M
Cap Rate 9%
$930,256
$930.3K
Market Conditions
NOI Build-Up for 6,936 SF
Gross rent
$124.8K $18.00/SF
− Vacancy
−$5.2K −$0.76/SF
EGI
$119.6K $17.24/SF
− OpEx
−$35.9K −$5.17/SF
NOI
$83.7K $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%
$1,674,460
Cap Rate 7%
$1,196,043
Cap Rate 9%
$930,256
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,723 @ 7.0% cap · market cap 7.61%
Second Best
Flex RnD
$1.06M
$928.2K – $1.24M
NOI $74,253 @ 7.0% cap · market cap 6.75%
Theoretical Best
Specialty Retail
$1.39M
$1.21M – $1.62M
NOI $97,179 @ 7.0% cap · market cap 8.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
394
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property with adaptable interiors, vehicle maneuvering areas, and rear storage structures along S Delsea Drive.
Where is this flex space located?
The property is located at 2242 S Delsea Dr 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: Approximately 2± acres along S Delsea Drive; Existing 6,000+ SF commercial building constructed in 1994; Three (3) overhead garage doors
