Mixed-Use Property with Four
3807 & 3809 Pacific Avenue, Wildwood, NJ 08260
For Sale
$550,000
Leased residential units occupy the upper level above vacant commercial space for flexible ownership or leasing arrangements.
Property Size3,346 SF
Days on Market103
Property Features for 3807 & 3809 Pacific Avenue
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
KW EMPOWER
Listed By:
Conor David Doyle
(610) 368-2774
Source:
Teamoceanside
Added: Jul 30
Changed: Nov 4
Last Checked: Nov 8 at 12:29PM
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 KW EMPOWER
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Investment Insights
Based on property information with market context.
Built in 1920, this mixed-use property combines two upper-level residential units with two commercial units at street level. The residential spaces are leased to long-term tenants, while the commercial spaces are currently vacant and available for owner occupancy or future leasing.
The configuration places residential and commercial uses within the same building, providing separate components for housing and business activity. The property is located at 3807 & 3809 Pacific Avenue in Wildwood, New Jersey, among established businesses described as generating steady pedestrian activity.
The configuration places residential and commercial uses within the same building, providing separate components for housing and business activity. The property is located at 3807 & 3809 Pacific Avenue in Wildwood, New Jersey, among established businesses described as generating steady pedestrian activity.
Key Highlights
- Two upstairs residential units are leased to long‑term tenants
- Two ground‑level commercial units are currently vacant
- Mixed‑use layout combines residential and commercial components
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,527
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,540
$990.5K
Cap Rate 7%
$707,529
$707.5K
Cap Rate 9%
$550,300
$550.3K
Market Conditions
NOI Build-Up for 3,346 SF
Gross rent
$74.3K $22.20/SF
− Vacancy
−$3.5K −$1.05/SF
EGI
$70.8K $21.15/SF
− OpEx
−$21.2K −$6.34/SF
NOI
$49.5K $14.80/SF
Area
Cape May County, NJ
Vacancy
4.75%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,540
Cap Rate 7%
$707,529
Cap Rate 9%
$550,300
Alternative Uses
Best Use
Multifamily LT 5
$707.5K
$619.1K – $825.5K
NOI $49,527 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$650.4K
$569.1K – $758.8K
NOI $45,525 @ 7.0% cap · market cap 8.28%
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Leased residential units occupy the upper level above vacant commercial space for flexible ownership or leasing arrangements.
Where is this mixed-use property located?
The property is located at 3807 & 3809 Pacific Avenue Wildwood, 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: Two upstairs residential units are leased to long‑term tenants; Two ground‑level commercial units are currently vacant; Mixed‑use layout combines residential and commercial components
