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    Prime Avalon Commercial Condo Title is generated by Realmo AI

    3287 Dune Drive, Avalon, NJ 08202

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    For Sale
    $599,000

    SINGLE_FAMILY - Avalon, NJ

    Type:Office
    Property size:
    889 SF
    Price / SF:
    $673/SF
    Added:
    Apr 24, 2026
    Days on Market:
    28
    Last Refresh:
    May 21 at 3:06 pm

    Property Features for 3287 Dune Drive

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Com
    Rooms
    Office
    Interior features
    Display Window, Restroom, Smoke/Fire Alarm, Storage
    Exterior features
    Sign
    Standard status
    Active
    Size
    889 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1289

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2003
    Number of units
    1
    Additional Structures
    Storage

    We can help!

    Listing Contact
    George L. DeLollis
    George L. DeLollis

    Listing agent George L. DeLollis License #7936914

    Listing office Coldwell Banker James C Otton Real Estate 9626 2nd Avenue PO Box 68, NJ

    Listing date Apr 24, 2026

    MLS# 261089

    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.

    HighLights

    • High‑visibility corner location at 33rd Street and Dune Drive, ideal for attracting foot traffic.
    • Suitable for various businesses: coffee shop, boutique, retail, office, gallery, or ice cream parlor.
    • ADA‑compliant access and private rear entrance for deliveries.
    • Includes a full bathroom with shower and off‑street parking.
    • Low‑maintenance exterior and flood‑resilient elevated construction.
    • Condo fee covers flood and building insurance.

    Overview

    Located in a prominent, high-visibility commercial location in Avalon, this ground-floor condo is positioned on the corner of 33rd Street and Dune Drive. Built in 2003 and maintained in excellent condition, the 889-square-foot space is the first storefront to greet visitors entering from the south, offering accessibility to foot traffic as shoppers walk the town center. The property features display windows, a stop light one block away, and is surrounded by strong commercial anchors. It is suited for a coffee shop, boutique, ice cream parlor, gallery, retail, or professional office. The building includes an ADA-compliant side ramp for accessibility, a private rear entrance to a storage area for deliveries, a full bathroom with shower, off-street parking, attractive signage and exterior lighting, flood-resilient elevated construction, and low-maintenance exterior finishes. The condo fee covers flood and building insurance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prince Photography The Studio ... Wedding Service

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Real Estate Agency Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Avalon
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.7240888
    Latitude
    39.0938972

    Nearby Similar for Sale

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    • $7,499,000

      Prime Mixed-Use Investment Opportunity

      Mixed-use property in the heart of Avalon, New Jersey.
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      Avalon Triplex Near Beach

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    FAQs

    What type of property is this?
    Storefront property - High-visibility corner condo ideal for retail or office.
    Where is this storefront property located?
    The property is located at 3287 Dune Drive Avalon, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: High‑visibility corner location at 33rd Street and Dune Drive, ideal for attracting foot traffic.; Suitable for various businesses: coffee shop, boutique, retail, office, gallery, or ice cream parlor.; ADA‑compliant access and private rear entrance for deliveries.
    (609) 425-9262
    We can help!
    Listing Contact
    George L. DeLollis
    George L. DeLollis
    Real Estate License ID: 7936914
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    3287 Dune Drive, Avalon, NJ 08202
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