Three-Bay Block Auto
New
For Sale
$250,000
2481 N DELSEA DRIVE, Vineland, NJ 08360
Block construction accommodates automotive, service, warehouse, and other approved commercial operations.
Property Size2,000 SF
Price / SF$125
Days on Market5
Property Features for 2481 N DELSEA DRIVE
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Additional Details
Service Bays
3
Amenities
overhead bay doors
Building Details
Year Built
1956
Buildings
1
Construction
block
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Carlo Drogo Sr. · License #1756500
(856) 333-3760
Source:
Cummingsrealtors
Added: Sep 5
Changed: Sep 8
Last Checked: Sep 8 at 2:35PM
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
Investment Insights
Based on property information with market context.
This auto shop contains approximately 2,000 SqFt of building space within a block-constructed facility. Three overhead bay doors provide direct access for automotive and service operations, while the building can also accommodate warehouse or other approved commercial uses. The property includes parking and outdoor space on the site.
Located at 2481 N DELSEA DRIVE in Vineland, New Jersey, the facility was built in 1956 and offers a straightforward commercial configuration for an owner-user or operator seeking an established auto-service building.
Located at 2481 N DELSEA DRIVE in Vineland, New Jersey, the facility was built in 1956 and offers a straightforward commercial configuration for an owner-user or operator seeking an established auto-service building.
Key Highlights
- Approximately 2,000 SqFt of building space
- Three overhead bay doors
- Block building construction
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
$11,693
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
4.68%
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%
$233,860
$233.9K
Cap Rate 7%
$167,043
$167.0K
Cap Rate 9%
$129,922
$129.9K
Market Conditions
NOI Build-Up for 2,000 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
$18.0K $9.00/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$16.7K $8.35/SF
− OpEx
−$5.0K −$2.51/SF
NOI
$11.7K $5.85/SF
Area
Cumberland County, NJ
Vacancy
7.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$233,860
Cap Rate 7%
$167,043
Cap Rate 9%
$129,922
Alternative Uses
Best Use
Retail
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 9.66%
Second Best
Industrial
$167.0K
$146.2K – $194.9K
NOI $11,693 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,211 @ 7.0% cap · market cap 84.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
241
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Truist
Shops & Services
241 visits/mo
0.3 miles
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Miguelito Auto Repair — 2215 N Delsea Dr, Vineland, NJ 08360
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- Performance Auto Glass — 2481 N Delsea Dr, Vineland, NJ 08360
- Venta de vidrio carro — 2481 NJ-47, Vineland, NJ 08360
Frequently Asked Questions
What type of property is this?
Auto shop - Block construction accommodates automotive, service, warehouse, and other approved commercial operations.
Where is this auto shop located?
The property is located at 2481 N DELSEA DRIVE Vineland, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 2,000 SqFt of building space; Three overhead bay doors; Block building construction
