Turn-Key Restaurant and Retail
For Sale
$750,000
363 Wheat Rd, Vineland, NJ 08360
Fully equipped restaurant with dual-use approval for restaurant and retail, including onsite equipment, storage, and parking.
Property Size3,000 SF
Price / SF$250
Days on Market50
Property Features for 363 Wheat Rd
General Information
Standard status
Active
Size
3,000 SF
Additional Details
Furnished
Yes
Business Included
Yes
Listing Agency:
Better Homes and Gardens Real Estate Maturo
Listed By:
Jason D Torres · License #1754638
(856) 600-2953
Source:
Tbhteam
Added: Jul 25
Changed: Sep 8
Last Checked: Sep 11 at 12:14PM
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 Better Homes and Gardens Real Estate Maturo
Investment Insights
Based on property information with market context.
This turn-key restaurant and retail property is offered fully equipped and ready to operate. The sale includes existing equipment, furniture, fixtures, and inventory, covering a fully operational commercial kitchen, walk-in freezers, and display and retail merchandising components such as display cases, shelving, and merchandise. Inside, the layout includes a spacious dining area with comfortable seating, a private party room or event space, and ample storage areas. The building is designed for workable flow between dining, kitchen, and retail sections.
The property is located at 363 Wheat Road in Vineland, NJ 08360, with an on-site parking lot that can accommodate a high volume of customers. The listing notes an approved township variance for dual usage as both a restaurant and a store.
Recent upgrades include modernized HVAC systems, updated electrical service, and other mechanical improvements intended to support efficient and reliable operations.
The property is located at 363 Wheat Road in Vineland, NJ 08360, with an on-site parking lot that can accommodate a high volume of customers. The listing notes an approved township variance for dual usage as both a restaurant and a store.
Recent upgrades include modernized HVAC systems, updated electrical service, and other mechanical improvements intended to support efficient and reliable operations.
Key Highlights
- Approved township variance for dual use as both a restaurant and a store
- Sale includes existing equipment, furniture, fixtures, and inventory
- Commercial kitchen includes walk‑in freezers and includes dining, kitchen, storage, and retail sections
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
$42,032
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
5.60%
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%
$840,640
$840.6K
Cap Rate 7%
$600,457
$600.5K
Cap Rate 9%
$467,022
$467.0K
Market Conditions
NOI Build-Up for 3,000 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
$58.5K $19.50/SF
− Vacancy
−$2.5K −$0.82/SF
EGI
$56.0K $18.68/SF
− OpEx
−$14.0K −$4.67/SF
NOI
$42.0K $14.01/SF
Area
Cumberland County, NJ
Vacancy
4.20%
Lease Rate
$19.50 /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%
$840,640
Cap Rate 7%
$600,457
Cap Rate 9%
$467,022
Alternative Uses
Best Use
Specialty Retail
$600.5K
$525.4K – $700.5K
NOI $42,032 @ 7.0% cap · market cap 5.60%
Second Best
Retail
$517.3K
$452.7K – $603.5K
NOI $36,212 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$4.50M
$3.94M – $5.26M
NOI $315,317 @ 7.0% cap · market cap 42.04%
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
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
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?
Conventional restaurant - Fully equipped restaurant with dual-use approval for restaurant and retail, including onsite equipment, storage, and parking.
Where is this conventional restaurant located?
The property is located at 363 Wheat Rd Vineland, NJ.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approved township variance for dual use as both a restaurant and a store; Sale includes existing equipment, furniture, fixtures, and inventory; Commercial kitchen includes walk‑in freezers and includes dining, kitchen, storage, and retail sections
