Two-Story Storefront with Freight
New
For Sale
$7,999,000
3210 Pacific Avenue, Wildwood, NJ 08260
COMMERCIAL/INDUSTRIAL, Wildwood, NJ
Property Size20,000 SF
Price / SF$399.95
Days on Market3
Property Features for 3210 Pacific Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
Commercial
Rooms
Laundry Room, Utility Room
Interior features
Display Window, Freight Elevator, Restroom
Exterior features
Sign
Accessibility
Accessible Elevator Installed
Lot features
Business District
Subdivision
Wildwood
Standard status
Active
Size
20,000 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
15115
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1950
Number of units
1
Flooring type
Slab, Concrete, Hardwood
Listing Agency:
REALTY EXECUTIVES EXCEPTIONAL
(973) 575-6700
Listed By:
Philip Barone
(862) 849-6776
Added: Sep 9
Last Checked: Sep 11 at 1:06AM
MLS# 262539
Copyright © 2026 Cape May County Association of Realtors. 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 20,000-square-foot, two-story storefront property was built in 1950 and includes display windows, a freight elevator, restrooms, laundry and utility rooms, and an accessible elevator. Interior finishes include slab, concrete, and hardwood flooring. The building is heated by natural gas, has public water service, and includes exterior signage.
Located at 3210 Pacific Avenue in Wildwood, the property is within the Pacific Avenue Redevelopment Zone. It sits two blocks from the beach and near a boardwalk entertainment pier, providing a coastal commercial setting. Commercial zoning and the existing building configuration support continued evaluation of the property for commercial purposes.
Located at 3210 Pacific Avenue in Wildwood, the property is within the Pacific Avenue Redevelopment Zone. It sits two blocks from the beach and near a boardwalk entertainment pier, providing a coastal commercial setting. Commercial zoning and the existing building configuration support continued evaluation of the property for commercial purposes.
Key Highlights
- 20,000 SF two‑story commercial building
- Built in 1950 with commercial zoning
- Located in the Pacific Avenue Redevelopment Zone
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
—
—
no second resolved use
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
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Current Use
Location Intelligence
Trade Area within ½ mile
1,721
Businesses Nearby
31k
Monthly Visits Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with display windows, freight elevator, accessible elevator, and public water service.
Where is this storefront property located?
The property is located at 3210 Pacific Avenue 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 two‑story commercial building; Built in 1950 with commercial zoning; Located in the Pacific Avenue Redevelopment Zone
