Mixed-Use Property with Leased
New
For Sale
Contact for pricing
3807 Pacific Avenue, Wildwood Crest, NJ 08260
Two vacant commercial units occupy the lower level, with two leased residential units above.
Property Size3,346 SF
Price / SF$164.38
Days on Market7
Property Features for 3807 Pacific Avenue
General Information
Standard status
Active
Size
3,346 SF
Property subtype
Mixed Use
Zoning
PARZ
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Buildings
1
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
McCann Commercial Real Estate
Listed By:
Josh Pagan · License #PA343730
Source:
Crexi
Added: Jul 30
Changed: Aug 5
Last Checked: Aug 5 at 3:02AM
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 McCann Commercial Real Estate
Investment Insights
Based on property information with market context.
This 3,346-square-foot mixed-use property was built in 1920 and combines two residential units on the upper level with two commercial units below. The residential spaces are leased to long-term tenants, while the commercial units are vacant and available for future occupancy or leasing.
The property carries PARZ zoning and offers a combination of existing residential tenancy and available commercial space within one building. Its two-level configuration supports separate residential and commercial functions, with the upper units already occupied and the lower units ready for a new buildout.
The property carries PARZ zoning and offers a combination of existing residential tenancy and available commercial space within one building. Its two-level configuration supports separate residential and commercial functions, with the upper units already occupied and the lower units ready for a new buildout.
Key Highlights
- 3,346‑square‑foot mixed‑use property built in 1920
- Two upstairs residential units leased to long‑term tenants
- Two vacant commercial units on the lower level
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $87.1k | $26.04 |
| − Vacancy | −$4.4k | −$1.30 |
| EGI | $82.8k | $24.74 |
| − OpEx | −$37.2k | −$11.13 |
| NOI | $45.5k | $13.61 |
3,346 SF · lease $26.04/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$650.4K
$569.1K – $758.8K
NOI $45,525 @ 7.0% cap · market cap 8.28%
Second Best
Retail
$554.1K
$484.8K – $646.5K
NOI $38,787 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$1.02M
$896.2K – $1.19M
NOI $71,695 @ 7.0% cap · market cap 13.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
906
Businesses Nearby
Explore this area
Business Placement
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 Multifamily 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?
Mixed-use property - Two vacant commercial units occupy the lower level, with two leased residential units above.
Where is this mixed-use property located?
The property is located at 3807 Pacific Avenue Wildwood Crest, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,346‑square‑foot mixed‑use property built in 1920; Two upstairs residential units leased to long‑term tenants; Two vacant commercial units on the lower level
