Retail Suite with Storage
For Sale
$150,000
2630 E Chestnut Avenue D7, Vineland, NJ 08361
Retail suite featuring an expansive front room, two storage rooms, and a bathroom for ready occupancy.
Property Size900 SF
Price / SF$166.67
Days on Market48
Property Features for 2630 E Chestnut Avenue D7
General Information
Standard status
Active
Size
900 SF
Building Details
Year Built
1970
Listing Agency:
Keller Williams Prime Realty
Listed By:
Brittany B. Lopez · License #1751783
(856) 506-7995
Source:
Kandorre
Added: Jul 20
Changed: Aug 16
Last Checked: Sep 5 at 11:46AM
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 Keller Williams Prime Realty
Investment Insights
Based on property information with market context.
This for-sale retail suite is laid out with an expansive front room designed for showcasing a business. The unit also includes two versatile storage rooms and a bathroom, supporting straightforward day-to-day operations.
The property is located at 2630 E Chestnut Avenue, Unit D7, in Vineland, New Jersey. Public remarks note the space is positioned for visibility and accessibility for a commercial tenant.
The offering is listed as a retail unit with existing interior improvements including the front showroom area, storage, and bathroom.
The property is located at 2630 E Chestnut Avenue, Unit D7, in Vineland, New Jersey. Public remarks note the space is positioned for visibility and accessibility for a commercial tenant.
The offering is listed as a retail unit with existing interior improvements including the front showroom area, storage, and bathroom.
Key Highlights
- Commercial retail suite with an expansive front room for showcasing your business
- Includes two storage rooms
- Bathroom included in the suite
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
$10,864
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
7.24%
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%
$217,280
$217.3K
Cap Rate 7%
$155,200
$155.2K
Cap Rate 9%
$120,711
$120.7K
Market Conditions
NOI Build-Up for 900 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
$16.2K $18.00/SF
− Vacancy
−$680 −$0.76/SF
EGI
$15.5K $17.24/SF
− OpEx
−$4.7K −$5.17/SF
NOI
$10.9K $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%
$217,280
Cap Rate 7%
$155,200
Cap Rate 9%
$120,711
Alternative Uses
Best Use
Retail
$155.2K
$135.8K – $181.1K
NOI $10,864 @ 7.0% cap · market cap 7.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,595 @ 7.0% cap · market cap 63.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
29,375 visits/mo
0.2 miles
Demographics for 08361, NJ
18,669
Population
6,760
Households
2.8
Avg Household Size
44
Median Age
39%
College-Educated
87%
High-School Grad
30.3 sq mi
ZIP Area
616
Density / Sq Mi
$103,482
Median Household Income
$52,379
Median Earnings
$1,407
Median Rent
$271,300
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.
Frequently Asked Questions
What type of property is this?
Retail space - Retail suite featuring an expansive front room, two storage rooms, and a bathroom for ready occupancy.
Where is this retail space located?
The property is located at 2630 E Chestnut Avenue D7 Vineland, NJ.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Commercial retail suite with an expansive front room for showcasing your business; Includes two storage rooms; Bathroom included in the suite
