Wildwood Mixed-Use Investment
For Sale
$3,200,000
3616 Pacific Ave, Wildwood, NJ 08260
Prime location near the beach with diverse income potential.
Property Size10,000 SF
Lot Size0.20 Acres
Days on Market251
Property Features for 3616 Pacific Ave
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.20 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$20,726
Building Details
Building Size
10,000 SF
Year Built
1940
Stories
4
Units
2
Listing Agency:
YOUNG STAR REALTY, LLC
(201) 943-7700
Listed By:
HONG JU KIM
Source:
Elliman
Added: Dec 3, 2025
Changed: Aug 8
Last Checked: Jul 16 at 9:49AM
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 YOUNG STAR REALTY, LLC
Investment Insights
Based on property information with market context.
This property presents an opportunity in Wildwood, situated less than a 10-minute walk from the beach. The sale encompasses all buildings within 3610-3616 Pacific Ave, along with two parking lots located across the street at 136-140 E Lincoln Ave, measuring 61x100 and 80x100 respectively. In addition to the restaurant space, the property features a banquet hall and three floors of usable space above the restaurant. The offering includes a total of four lots, with a preference for a combined sale of all lots. This property is suitable for both investment and owner-user scenarios.
Key Highlights
- Prime Location: Less than a 10‑minute walk to the beach.
- Multiple Buildings & Lots: Includes buildings at 3610‑3616 Pacific Ave and two parking lots at 136‑140 E Lincoln Ave (4 lots total).
- Investment or Owner‑Use Potential: Suitable for investors or owner‑operators.
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
$152,280
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
4.76%
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%
$3,045,600
$3.0M
Cap Rate 7%
$2,175,429
$2.2M
Cap Rate 9%
$1,692,000
$1.7M
Market Conditions
NOI Build-Up for 10,000 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
$216.0K $21.60/SF
− Vacancy
−$13.0K −$1.30/SF
EGI
$203.0K $20.30/SF
− OpEx
−$50.8K −$5.08/SF
NOI
$152.3K $15.23/SF
Area
Cape May County, NJ
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$3,045,600
Cap Rate 7%
$2,175,429
Cap Rate 9%
$1,692,000
Alternative Uses
Best Use
Specialty Retail
$2.18M
$1.90M – $2.54M
NOI $152,280 @ 7.0% cap · market cap 4.76%
Second Best
Retail
$1.66M
$1.45M – $1.93M
NOI $115,920 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,272 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,450
Businesses Nearby
85k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 21%
Groceries 18%
Home Improvements & Furnishings 2%
Wawa
Shops & Services
30,305 visits/mo
0.4 miles
ACME Markets
Groceries
13,256 visits/mo
0.4 miles
McDonald's
Dining
11,306 visits/mo
0.3 miles
Sinclair
Shops & Services
6,585 visits/mo
0.4 miles
Starbucks
Dining
5,555 visits/mo
0.3 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
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?
Restaurant - Prime location near the beach with diverse income potential.
Where is this restaurant located?
The property is located at 3616 Pacific Ave Wildwood, NJ.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Prime Location: Less than a 10‑minute walk to the beach.; Multiple Buildings & Lots: Includes buildings at 3610‑3616 Pacific Ave and two parking lots at 136‑140 E Lincoln Ave (4 lots total).; Investment or Owner‑Use Potential: Suitable for investors or owner‑operators.
