Flex Space With Truck
For Sale
Contact for pricing
371 Route 47, Cape May Court House, NJ 08219
The space supports office, warehouse, light manufacturing, storage, restaurant, and satellite kitchen applications.
Property Size3,200 SF
Price / SF$0.84
Days on Market55
Property Features for 371 Route 47
General Information
Standard status
Active
Size
3,200 SF
Additional Details
Highway Access
Yes
Drive-In Doors
1
Listing Agency:
RE/MAX SURFSIDE
Listed By:
David Green · License #9912733
(609) 425-8179
Source:
Southjerseyshorehomesfinder
Added: Aug 23
Changed: Oct 10
Last Checked: Oct 7 at 3:44PM
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 RE/MAX SURFSIDE
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Investment Insights
Based on property information with market context.
This 3,200-square-foot flex property combines office and warehouse functionality with a 10x10 truck door and high ceilings. The space is available immediately and has a brand-new natural gas heating system. Identified uses include light manufacturing, storage, restaurant operations, and satellite kitchen applications. Signage and ample parking for customers and staff are also part of the property’s existing features.
The building is positioned on the southbound side of Route 47 in Middle Township, providing direct highway exposure for users traveling toward the shore. The property address is 371 Route 47, Cape May Court House, New Jersey 08219.
The building is positioned on the southbound side of Route 47 in Middle Township, providing direct highway exposure for users traveling toward the shore. The property address is 371 Route 47, Cape May Court House, New Jersey 08219.
Key Highlights
- 3,200‑square‑foot flex property on Route 47
- 10x10 truck door supports warehouse and delivery functions
- Brand‑new natural gas heating system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,791
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,820
$395.8K
Cap Rate 7%
$282,729
$282.7K
Cap Rate 9%
$219,900
$219.9K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$30.3K $9.48/SF
− Vacancy
−$2.1K −$0.64/SF
EGI
$28.3K $8.84/SF
− OpEx
−$8.5K −$2.65/SF
NOI
$19.8K $6.18/SF
Area
Cape May County, NJ
Vacancy
6.80%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,820
Cap Rate 7%
$282,729
Cap Rate 9%
$219,900
Alternative Uses
Best Use
Flex RnD
$513.5K
$449.3K – $599.0K
NOI $35,942 @ 7.0% cap · market cap 1,331.19%
Second Best
Warehouse
$337.8K
$295.6K – $394.1K
NOI $23,645 @ 7.0% cap · market cap 875.74%
Theoretical Best
Office A
$979.5K
$857.1K – $1.14M
NOI $68,567 @ 7.0% cap · market cap 2,539.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - The space supports office, warehouse, light manufacturing, storage, restaurant, and satellite kitchen applications.
Where is this flex space located?
The property is located at 371 Route 47 Cape May Court House, NJ.
What are key features of this property?
This property features: 3,200‑square‑foot flex property on Route 47; 10x10 truck door supports warehouse and delivery functions; Brand‑new natural gas heating system
