Mixed-Use Investment Opportunity on Route
For Sale
$929,900
3662 S Delsea Dr, Vineland, NJ 08360
High-visibility mixed-use property with redevelopment potential on 4.36 acres.
Property Size5,900 SF
Lot Size4.36 Acres
Price / SF$157.61
Days on Market183
Property Features for 3662 S Delsea Dr
General Information
Standard status
Active
Size
5,900 SF
Lot size
4.36 Acres
Building Details
Year Built
1950
Listing Agency:
BHHS Fox & Roach-Northfield
Listed By:
Richard Baehrle · License #8436462
(609) 226-6680
Source:
Kandorre
Added: Mar 27
Changed: Sep 22
Last Checked: Sep 24 at 2:39PM
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 BHHS Fox & Roach-Northfield
Investment Insights
Based on property information with market context.
Located on Route 47 in Vineland, the property at 3662 S Delsea Dr presents a mixed-use investment opportunity. Situated on approximately 4.36 acres along the established South Delsea Drive commercial corridor, the site benefits from strong frontage and daily traffic exposure. The existing office and residential configuration allows for immediate usability. The expansive parcel offers potential for value-add repositioning, expansion, or future redevelopment. The property's location in one of Cumberland County’s active business corridors provides a combination of visibility, land, flexibility, and long-term upside in a proven commercial location. It is suitable for professional, medical, retail, service businesses, or live/work occupancy.
Key Highlights
- High‑visibility location on Route 47 with strong frontage and high daily traffic exposure.
- Mixed‑use property suitable for professional, medical, retail, service businesses, or live/work occupancy.
- Large 4.36‑acre parcel offering potential for expansion or future redevelopment.
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
$59,738
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
6.42%
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%
$1,194,760
$1.2M
Cap Rate 7%
$853,400
$853.4K
Cap Rate 9%
$663,756
$663.8K
Market Conditions
NOI Build-Up for 5,900 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
$106.2K $18.00/SF
− Vacancy
−$10.6K −$1.80/SF
EGI
$95.6K $16.20/SF
− OpEx
−$35.8K −$6.07/SF
NOI
$59.7K $10.13/SF
Area
Cumberland County, NJ
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,194,760
Cap Rate 7%
$853,400
Cap Rate 9%
$663,756
Alternative Uses
Best Use
Mixed Use
$853.4K
$746.7K – $995.6K
NOI $59,738 @ 7.0% cap · market cap 6.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.86M
$7.75M – $10.34M
NOI $620,123 @ 7.0% cap · market cap 66.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility mixed-use property with redevelopment potential on 4.36 acres.
Where is this mixed-use property located?
The property is located at 3662 S Delsea Dr Vineland, NJ.
What is the asking price?
The asking price for this property is $929,900.
What are key features of this property?
This property features: High‑visibility location on Route 47 with strong frontage and high daily traffic exposure.; Mixed‑use property suitable for professional, medical, retail, service businesses, or live/work occupancy.; Large 4.36‑acre parcel offering potential for expansion or future redevelopment.
