Two-Story Retail
For Sale
Under Contract
$1,699,990
2521 S DELSEA Drive, Vineland, NJ 08360
Commercial Sale, VINELAND, NJ
Property Size3,500 SF
Lot Size1.90 Acres
Price / SF$485.71
Days on Market373
Property Features for 2521 S DELSEA Drive
General Information
Property type
Other
Property subtype
Retail
Parking
45
Parking features
Special Needs, Secured, Assigned, Parking Lot
Elementary school district
CITY OF VINELAND BOARD OF EDUCATION
Middle school district
CITY OF VINELAND BOARD OF EDUCATION
High school district
CITY OF VINELAND BOARD OF EDUCATION
Standard status
Active Under Contract
Lot size
1.90 Acres
Taxes and HOA fees
Tax Annual Amount
9176
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
indoor car wash
Building Details
Year built
2008
Building materials
Block
Listing Agency:
Axon Real Estate
(856) 485-0760
Listed By:
Giacomo R Reggente · License #227673
(856) 332-6360
Added: Sep 5, 2025
Changed: Sep 5
Last Checked: Sep 12 at 11:06AM
MLS# NJCB2026142
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This approximately 3,500-square-foot, two-story retail property was built in 2008 with block construction, central heating, and central air conditioning. The open-span interior allows for a range of layouts and fit-outs. An indoor car wash is also in place and can be removed for alternative use. Recent property updates include newer HVAC units and a re-lined parking lot.
The 1.9-acre site includes a parking area accommodating approximately 50 cars, along with a 100-plus-car pull-in lot behind the building. The property is positioned near Routes 55 and 56, Cumberland Mall, Inspira Hospital, New Jersey Motorsports Park, and the airport. B-2 zoning permits retail stores, professional and medical offices, restaurants, banks, personal service businesses, and other listed uses, subject to applicable requirements.
The 1.9-acre site includes a parking area accommodating approximately 50 cars, along with a 100-plus-car pull-in lot behind the building. The property is positioned near Routes 55 and 56, Cumberland Mall, Inspira Hospital, New Jersey Motorsports Park, and the airport. B-2 zoning permits retail stores, professional and medical offices, restaurants, banks, personal service businesses, and other listed uses, subject to applicable requirements.
Key Highlights
- Approximately 3,500 sq ft building on a 1.9‑acre site
- B‑2 zoning permits retail, office, restaurant, banking, and personal service uses
- Two‑story open‑span construction supports flexible interior layouts
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
$49,038
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
2.88%
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%
$980,760
$980.8K
Cap Rate 7%
$700,543
$700.5K
Cap Rate 9%
$544,867
$544.9K
Market Conditions
NOI Build-Up for 3,500 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
$68.3K $19.50/SF
− Vacancy
−$2.9K −$0.82/SF
EGI
$65.4K $18.68/SF
− OpEx
−$16.3K −$4.67/SF
NOI
$49.0K $14.01/SF
Area
Cumberland County, NJ
Vacancy
4.20%
Lease Rate
$19.50 /SF/Yr
Expense Ratio
25.00%
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%
$980,760
Cap Rate 7%
$700,543
Cap Rate 9%
$544,867
Alternative Uses
Best Use
Specialty Retail
$700.5K
$613.0K – $817.3K
NOI $49,038 @ 7.0% cap · market cap 2.88%
Second Best
Retail
$603.5K
$528.1K – $704.1K
NOI $42,248 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$5.26M
$4.60M – $6.13M
NOI $367,870 @ 7.0% cap · market cap 21.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
80k
Monthly Visits Nearby
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
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Frequently Asked Questions
What type of property is this?
Retail space - Open-span commercial building with B-2 zoning and adaptable space for retail, office, restaurant, and service uses.
Where is this retail space 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: Approximately 3,500 sq ft building on a 1.9‑acre site; B‑2 zoning permits retail, office, restaurant, banking, and personal service uses; Two‑story open‑span construction supports flexible interior layouts
