Two-Story Mixed-Use
New
For Sale
$7,999,000
3210 Pacific Ave, Wildwood, NJ 08260
Municipality-approved redevelopment zoning accommodates multifamily, mixed-use, or continued commercial use.
Property Size20,000 SF
Price / SF$399.95
Days on Market2
Property Features for 3210 Pacific Ave
General Information
Standard status
Active
Size
20,000 SF
Zoning
Pacific Avenue Redevelopment Zone
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
REALTY EXECUTIVES EXCEPTIONAL
Listed By:
Philip Barone
(973) 341-4057
Source:
Southjerseyshorehomesfinder
Added: Sep 14
Last Checked: Sep 14 at 2:21PM
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 REALTY EXECUTIVES EXCEPTIONAL
Investment Insights
Based on property information with market context.
This 20,000 SF commercial building contains two stories and dates to 1950. The property is positioned for redevelopment or continued commercial occupancy, with multifamily residential and mixed-use applications identified among its potential directions.
Located at 3210 Pacific Ave in Wildwood, the building sits within the Pacific Avenue Redevelopment Zone, a municipality-approved area designated for revitalization and growth. The site is 2 blocks from the beach and near a major boardwalk entertainment pier, placing it within an established shore destination.
Located at 3210 Pacific Ave in Wildwood, the building sits within the Pacific Avenue Redevelopment Zone, a municipality-approved area designated for revitalization and growth. The site is 2 blocks from the beach and near a major boardwalk entertainment pier, placing it within an established shore destination.
Key Highlights
- 20,000 SF commercial building
- Two‑story configuration
- Built in 1950
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
$231,840
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
2.90%
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%
$4,636,800
$4.6M
Cap Rate 7%
$3,312,000
$3.3M
Cap Rate 9%
$2,576,000
$2.6M
Market Conditions
NOI Build-Up for 20,000 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
$360.0K $18.00/SF
− Vacancy
−$28.8K −$1.44/SF
EGI
$331.2K $16.56/SF
− OpEx
−$99.4K −$4.97/SF
NOI
$231.8K $11.59/SF
Area
Cape May County, NJ
Vacancy
8.00%
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%
$4,636,800
Cap Rate 7%
$3,312,000
Cap Rate 9%
$2,576,000
Alternative Uses
Best Use
Retail
$3.31M
$2.90M – $3.86M
NOI $231,840 @ 7.0% cap · market cap 2.90%
Second Best
Mixed Use
$2.56M
$2.24M – $2.99M
NOI $179,400 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$6.12M
$5.36M – $7.14M
NOI $428,544 @ 7.0% cap · market cap 5.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 49%
Groceries 47%
Hotels & Casinos 3%
Home Improvements & Furnishings 1%
ACME Markets
Groceries
12,393 visits/mo
0.5 miles
Wawa
Shops & Services
11,860 visits/mo
0.2 miles
Dollar General
Shops & Services
3,377 visits/mo
0.4 miles
Liquor Mart
Groceries
2,297 visits/mo
0.5 miles
The Waves Hotel - Ascend Hotel Collection
Hotels & Casinos
940 visits/mo
0.5 miles
Demographics for 08260, NJ
12,964
Population
23,076
Households
0.6
Avg Household Size
53
Median Age
28%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
815
Density / Sq Mi
$71,549
Median Household Income
$40,361
Median Earnings
$1,182
Median Rent
$441,300
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Municipality-approved redevelopment zoning accommodates multifamily, mixed-use, or continued commercial use.
Where is this mixed-use property located?
The property is located at 3210 Pacific Ave Wildwood, NJ.
What is the asking price?
The asking price for this property is $7,999,000.
What are key features of this property?
This property features: 20,000 SF commercial building; Two‑story configuration; Built in 1950
