Storefront Property with Fenced
For Sale
$1,699,990
Pending
2521 S DELSEA DRIVE, Vineland, NJ 08360
B2 zoning and central air serve a storefront with a secured, paved parking area.
Property Size4,100 SF
Days on Market303
Property Features for 2521 S DELSEA DRIVE
General Information
Standard status
Pending
Size
4,100 SF
Total Parking Spaces
45
Zoning
B2
Taxes and HOA fees
Annual Taxes
$9,176
Amenities
Central Air, Electric
Natural Gas, Central
Gas Water Heater
Fenced
Secured, Unassigned, Lighted, Paved, Parking Lot
Building Details
Building Size
4,100 SF
Year Built
2008
Stories
2
Listing Agency:
AXON REAL ESTATE LLC
Listed By:
Giacomo R R Reggente · License #227673
(856) 332-6360
Source:
Evrealestate
Added: Nov 28, 2025
Changed: Sep 26
Last Checked: Sep 26 at 3:20PM
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 AXON REAL ESTATE LLC
Investment Insights
Based on property information with market context.
Built in 2008, this storefront property has central air, electric service, natural gas, and a gas water heater. The parking area is paved, lighted, fenced, and secured, with unassigned spaces.
The property is at 2521 S Delsea Drive in Vineland, New Jersey. Directions run from Route 55 to Sherman Avenue and then Delsea Drive. Zoning is B2.
The property is at 2521 S Delsea Drive in Vineland, New Jersey. Directions run from Route 55 to Sherman Avenue and then Delsea Drive. Zoning is B2.
Key Highlights
- B2 zoning
- Built in 2008
- Fenced, secured, lighted, paved parking lot with unassigned spaces
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
$49,490
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
2.91%
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%
$989,800
$989.8K
Cap Rate 7%
$707,000
$707.0K
Cap Rate 9%
$549,889
$549.9K
Market Conditions
NOI Build-Up for 4,100 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
$73.8K $18.00/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$70.7K $17.24/SF
− OpEx
−$21.2K −$5.17/SF
NOI
$49.5K $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 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%
$989,800
Cap Rate 7%
$707,000
Cap Rate 9%
$549,889
Alternative Uses
Best Use
Retail
$707.0K
$618.6K – $824.8K
NOI $49,490 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.16M
$5.39M – $7.18M
NOI $430,933 @ 7.0% cap · market cap 25.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
80k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Wawa
Shops & Services
40,029 visits/mo
0.2 miles
McDonald's
Dining
24,923 visits/mo
0.1 miles
Dunkin' Donuts
Dining
13,088 visits/mo
0.3 miles
U-Haul Moving & Storage Of South Vineland
Shops & Services
1,492 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - B2 zoning and central air serve a storefront with a secured, paved parking area.
Where is this storefront property located?
The property is located at 2521 S DELSEA DRIVE Vineland, NJ.
What is the asking price?
The asking price for this property is $1,699,990.
What are key features of this property?
This property features: B2 zoning; Built in 2008; Fenced, secured, lighted, paved parking lot with unassigned spaces
