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    High-Visibility Commercial Development Opportunity Title is generated by Realmo AI

    2242 S DELSEA DRIVE, Vineland, NJ 08360

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    For Sale
    $1,100,000

    CommercialSale - VINELAND, NJ

    Property size:
    6,936 SF
    Lot size:
    1.36 Acres
    Price / SF:
    $158/SF
    Added:
    Jul 17, 2025
    Days on Market:
    300
    Last Refresh:
    May 12 at 6:06 am

    Property Features for 2242 S DELSEA DRIVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    6,936 SF
    Lot size
    1.36 Acres

    Taxes and HOA fees

    Tax Annual Amount
    13213

    Utilities

    Heating system
    Forced Air
    Cooling system
    Zoned

    Building Details

    Year built
    1994
    Architectural style
    Other

    We can help!

    Listing Contact
    Susanna Philippoussis

    Listing agent Susanna Philippoussis

    Listing office BHHS Fox & Roach Vineland 1318 S. Main Road, Bldg 2, Unit B, NJ

    Listing date Jul 17, 2025

    MLS# NJCB2025252 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Premium frontage on high‑traffic S Delsea Drive.
    • 2 acre property suitable for commercial development.
    • Existing 6,000+ SF commercial building with flexible interior space.
    • Three (3) overhead garage doors.
    • Ample parking and maneuverability for large commercial vehicles.
    • Surrounded by national retailers, automotive dealerships, restaurants, and banks.

    Overview

    This expansive 1.36-acre property features frontage on high-traffic S Delsea Drive, a key county highway. The surrounding area includes national retailers, automotive dealerships, restaurants, banks, and service-based businesses. The existing commercial building offers over 6,000 square feet of space and includes three overhead garage doors. The interior space is flexible and suitable for automotive service, warehousing, or repurposing. Ample parking and maneuverability are available for large commercial vehicles. Additional storage and warehouse buildings are located behind the main structure, offering further utility. This site presents a development opportunity in Vineland, NJ.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parrish Construction General Contractor Parrish Sign Co, ... Marketing & Advertising CheapLawnSign Department Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Hair Salon Auto Repair Shop Hotel & Motel Pharmacy

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

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 2111 N 2nd St, Millville, NJ 08332
    • Truck Rental Center at The Home Depot — 3849 S Delsea Dr, Vineland, NJ 08360

    Location Insight

    • Map
    • Local Demand
    City
    Vineland
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.04297
    Latitude
    39.45438

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    FAQs

    What type of property is this?
    Automotive property - 2-acre property with 6,000+ SF building on high-traffic S Delsea Drive.
    Where is this automotive property located?
    The property is located at 2242 S DELSEA DRIVE 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: Premium frontage on high‑traffic S Delsea Drive.; 2 acre property suitable for commercial development.; Existing 6,000+ SF commercial building with flexible interior space.
    (856) 979-1116
    We can help!
    Listing Contact
    Susanna Philippoussis
    Real Estate License ID: 450943
    Learn More
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    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.

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