Mixed-Use Property with
For Sale
$525,000
38 Tuckahoe Road, Dorothy, NJ 08317
COMMERCIAL - Dorothy, NJ
Property Size2,100 SF
Lot Size3.27 Acres
Price / SF$250
Days on Market186
Property Features for 38 Tuckahoe Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PVC
Rooms
Basement
Security features
Security System, Security Lighting
Interior features
220 Volt Electricity, Living Space Available, Restroom, Security System, Smoke/Fire Alarm, Storage
Exterior features
Restrooms, Security Light/System, Sign, Storage Building
Lot features
Highway
Directions
38 Tuckahoe Rd, Dorothy, NJ 08317-9733, Atlantic County
Subdivision
Weymouth Twp
Standard status
Active
Lot size
3.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11497
Utilities
Heating system
Baseboard
Cooling system
Central Air
Water source
Private
Building Details
Number of units
2
Roof type
Asphalt
Additional Structures
Storage
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC SHORE-BRIGANTINE
(609) 266-7676
Listed By:
DANIEL RALLO · License #0448508
(609) 338-7364
Added: Feb 16
Changed: Aug 16
Last Checked: Aug 21 at 12:06PM
MLS# 604797
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property combines an operating tavern with an attached residence. The commercial portion is approximately 2,100 square feet and includes a full bar, dining room, commercial kitchen, catering and private-event space, installed equipment, and a permitted outdoor tiki bar. The attached home measures approximately 2,000 square feet and offers 4 bedrooms and 2 bathrooms. The sale includes the business, furnishings and equipment, real estate, and a Plenary Retail Consumption License (Type 33) with 24-hour privileges.
Located at the corner of Tuckahoe Road in Dorothy, New Jersey, the property includes parking for 50 plus cars, a sign, storage building, security systems, central air, baseboard heat, and private water. PVC zoning is identified in the property information. The site is currently operating as The Root Cellar Tavern, providing an existing commercial setup alongside residential space.
Located at the corner of Tuckahoe Road in Dorothy, New Jersey, the property includes parking for 50 plus cars, a sign, storage building, security systems, central air, baseboard heat, and private water. PVC zoning is identified in the property information. The site is currently operating as The Root Cellar Tavern, providing an existing commercial setup alongside residential space.
Key Highlights
- Approximately 2,100‑square‑foot commercial area with bar, dining room, kitchen, and event space
- Attached approximately 2,000‑square‑foot residence with 4 bedrooms and 2 bathrooms
- Plenary Retail Consumption License (Type 33) with 24‑hour privileges
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
$45,081
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
8.59%
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%
$901,620
$901.6K
Cap Rate 7%
$644,014
$644.0K
Cap Rate 9%
$500,900
$500.9K
Market Conditions
NOI Build-Up for 2,100 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
$70.3K $33.48/SF
− Vacancy
−$5.9K −$2.81/SF
EGI
$64.4K $30.67/SF
− OpEx
−$19.3K −$9.20/SF
NOI
$45.1K $21.47/SF
Area
Atlantic County, NJ
Vacancy
8.40%
Lease Rate
$33.48 /SF/Yr
Expense Ratio
30.00%
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%
$901,620
Cap Rate 7%
$644,014
Cap Rate 9%
$500,900
Alternative Uses
Best Use
Industrial
$644.0K
$563.5K – $751.4K
NOI $45,081 @ 7.0% cap · market cap 8.59%
Second Best
Specialty Retail
$464.1K
$406.1K – $541.5K
NOI $32,489 @ 7.0% cap · market cap 6.19%
Theoretical Best
Warehouse
$782.0K
$684.3K – $912.4K
NOI $54,742 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 08317, NJ
1,102
Population
648
Households
1.7
Avg Household Size
46
Median Age
24%
College-Educated
90%
High-School Grad
7.4 sq mi
ZIP Area
149
Density / Sq Mi
$103,945
Median Household Income
$63,333
Median Earnings
$301,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined commercial and residential improvements with an operating tavern, private residence, outdoor tiki bar, and commercial kitchen.
Where is this mixed-use property located?
The property is located at 38 Tuckahoe Road Dorothy, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Approximately 2,100‑square‑foot commercial area with bar, dining room, kitchen, and event space; Attached approximately 2,000‑square‑foot residence with 4 bedrooms and 2 bathrooms; Plenary Retail Consumption License (Type 33) with 24‑hour privileges
