Turn-Key Professional Office
309 S Main Street Cape May Court House, NJ 08210
For Sale
Contact for pricing
Well-maintained craftsman-style office building with centrally heated and cooled, largely furnished interiors.
Property Size1,914 SF
Lot Size0.31 Acres
Price / SF$287.36
Days on Market78
Property Features for 309 S Main Street
General Information
- Standard status
- Active
- Size
- 1,914 SF
- Lot size
- 0.31 Acres
- Property subtype
- Office, Land
Listing Agency:
Jersey Cape Realty
Listed By:
Jim Cheney · License #NJ 9700084
Source:
Crexi
Added: May 7
Changed: Jul 23
Last Checked: Jul 23 at 3:18AM
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 Jersey Cape Realty
Investment Insights
Based on property information with market context.
A completely turn-key set of professional offices housed in a classic 1910 craftsman-style building. The property is well maintained and offered largely furnished and ready to move in and use. Interior comfort is supported by natural gas, hot air heat, and central air conditioning throughout a fully insulated building. Updates and exterior durability include vinyl replacement windows, CertainTeed vinyl siding, and rigid asbestos roof shingles.
The building is supported by a recently repaved asphalt driveway and parking area, plus a detached garage of approximately 503 square feet with electric for storage, protected parking, or workshop use. An expansive lot measuring approximately 57 feet by 240 feet provides comfortable room for possible expansion.
Overall, this is a turnkey office offering with modern mechanicals and low-maintenance exterior improvements, suited for professional practices.
The building is supported by a recently repaved asphalt driveway and parking area, plus a detached garage of approximately 503 square feet with electric for storage, protected parking, or workshop use. An expansive lot measuring approximately 57 feet by 240 feet provides comfortable room for possible expansion.
Overall, this is a turnkey office offering with modern mechanicals and low-maintenance exterior improvements, suited for professional practices.
Key Highlights
- Well‑maintained 1910 craftsman‑style office building with largely furnished interiors, ready to move in and use
- Central heating and cooling: natural gas hot air heat and central air conditioning throughout
- Recently repaved asphalt driveway and parking area plus detached garage approx. 503 SF with electric
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.5k | $27.96 |
| − Vacancy | −$11.8k | −$6.15 |
| EGI | $41.7k | $21.81 |
| − OpEx | −$10.4k | −$5.45 |
| NOI | $31.3k | $16.36 |
1,914 SF · lease $27.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$447.2K
$391.3K – $521.8K
NOI $31,307 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$585.9K
$512.7K – $683.5K
NOI $41,012 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tompkins Builders
Construction Company
FAQs
What type of property is this?
Office building - Well-maintained craftsman-style office building with centrally heated and cooled, largely furnished interiors.
Where is this office building located?
The property is located at 309 S Main Street Cape May Court House, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Well‑maintained 1910 craftsman‑style office building with largely furnished interiors, ready to move in and use; Central heating and cooling: natural gas hot air heat and central air conditioning throughout; Recently repaved asphalt driveway and parking area plus detached garage approx. 503 SF with electric
