3807 Pacific Avenue, Wildwood Crest, NJ 08260

Building Details

Year Built 1920 More

Buildings 1 More

Stories 2 More

Units 4 More

Tenancy Multi More

Listing Agency: McCann Commercial Real Estate

Listed By: Josh Pagan · License #PA343730

Source: Crexi

Added: Jul 30 Changed: Nov 6 Last Checked: Nov 8 at 9:29AM

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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

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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.

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

Estimated NOI and Cap Rate

NOI / Yr

$45,525

Cap Rate

8.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$910,500 $910.5K

Cap Rate 7%

$650,357 $650.4K

Cap Rate 9%

$505,833 $505.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,346 SF

Gross rent

$87.1K $26.04/SF

− Vacancy

−$4.4K −$1.30/SF

EGI

$82.8K $24.74/SF

− OpEx

−$37.2K −$11.13/SF

NOI

$45.5K $13.61/SF

Area

Cape May County, NJ

Vacancy

5.00%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$910,500

Cap Rate 7%

$650,357

Cap Rate 9%

$505,833

Alternative Uses

Best Use

Apartment 5plus

$650.4K

$569.1K – $758.8K (±1% cap)

NOI $45,525 @ 7.0% cap · market cap 8.28%

Second Best

Retail

$554.1K

$484.8K – $646.5K (±1% cap)

NOI $38,787 @ 7.0% cap · market cap 7.05%

Theoretical Best

Office A

$1.02M

$896.2K – $1.19M (±1% cap)

NOI $71,695 @ 7.0% cap · market cap 13.04%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Auto Repair Shop Garden Center Skin Care Clinic Locksmith Veterinary Clinic Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,758

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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