Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Mixed-Use Property in Vineland Title is generated by Realmo AI

    406 South 6th Street, Vineland, NJ 08360

    View on Map
    Claim this Listing
    For Sale
    $305,000

    Mixed-use property with apartments and commercial space in Vineland, NJ.

    Type:Multi-Family / Fee Simple
    Property size:
    2,946 SF
    Price / SF:
    $103/SF
    Added:
    Sep 2, 2025
    Days on Market:
    275
    Last Refresh:
    Mar 13 at 12:48 pm

    Property Features for 406 South 6th Street

    General Information

    Standard status
    Active
    Size
    2,946 SF
    Property subtype
    Multi-Family / Fee Simple

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Timothy j Kaganzev

    Listing agent Timothy j Kaganzev License #2185666

    Listing office EXP Realty, LLC

    Listing date Sep 2, 2025

    Source Compass

    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 EXP Realty, LLC

    HighLights

    • Mixed‑use property with immediate cash flow from two rented apartments totaling $2,700/month.
    • Vacant ground‑level commercial space suitable for retail, office, or business venture.
    • Month‑to‑month leases on apartments provide flexibility.
    • Fully finished basement offers versatile bonus space.
    • Located in a prime location in Vineland, New Jersey.
    • Two well‑maintained two‑bedroom, one‑bathroom apartments.

    Overview

    Located in Vineland, New Jersey, this mixed-use property offers versatility. It features two two-bedroom, one-bathroom apartments, both currently under month-to-month leases. One apartment is rented for $1,250 per month, and the other for $1,450 per month. The ground-level commercial space is currently vacant and suitable for retail, professional office use, or a new business. The property includes a fully finished basement that can be used for storage, office space, or other purposes. The property is located in Vineland City, within the CITY OF VINELAND BOARD OF EDUCATION school district, in Cumberland County. The property size is 2946 square feet.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vineland
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.0239399
    Latitude
    39.4815714

    Nearby Similar for Sale

    • $949,999
      5,900 SF

      Mixed-Use Investment Opportunity, Vineland

      High-visibility mixed-use property on Route 47 with redevelopment potential.
      3662 S DELSEA DRIVE, VINELAND, NJ 08360
      View Details
    • $950,000
      40,000 SF

      Vineland Industrial/Manufacturing Building For Sale

      40,000 SF industrial/manufacturing building on 1.28 acres.
      411 S 6TH STREET, VINELAND, NJ 08360
      View Details
    • $1,200,000
      3,718 SF

      Vineland Multifamily Investment Opportunity

      Turnkey investment package with multiple income streams in Vineland, NJ.
      411 N EAST Avenue, VINELAND, NJ 08360
      View Details
    • $719,995

      Vineland Commercial Property on Delsea

      Income-producing commercial property with established automotive use and expansion potential.
      2428 S DELSEA Drive, VINELAND, NJ 08360
      View Details
    • $175,000

      Established Auto Repair Garage For Sale

      Fully operational auto repair garage in Vineland, NJ for sale.
      4715 Pennsylvania Ave, Vineland, NJ 08332
      View Details
    • $170,000
      2,100 SF

      Vineland Professional Office Condo

      Corner office condo with flexible layout and business potential.
      2630 E CHESTNUT Avenue, VINELAND, NJ 08361
      View Details
    • $1,100,000
      6,936 SF

      High-Visibility Commercial Development Opportunity

      2-acre property with 6,000+ SF building on high-traffic S Delsea Drive.
      2242 S DELSEA DRIVE, VINELAND, NJ 08360
      View Details
    • $339,000
      1,920 SF

      Vineland Multifamily Property For Sale

      Income-producing duplex with potential for owner-occupancy or investment.
      735 S STATE Street, VINELAND, NJ 08360
      View Details
    • $300,000
      1,264 SF

      Vineland Duplex with Recent Updates

      Impeccably maintained duplex with separate units and updated features.
      525 E PARK Avenue, VINELAND, NJ 08360
      View Details
    • $849,900
      2,786 SF

      Turnkey Farm with Modernized Infrastructure

      Operational farm on 9+ acres with dual road frontage.
      1001 S WEST AVENUE, VINELAND, NJ 08360
      View Details
    • $339,000
      1,664 SF

      Vineland Duplex on Large Lot

      Duplex on 0.70 acres, house-hack opportunity, income potential.
      1555 N ORCHARD Road, VINELAND, NJ 08360
      View Details
    • $330,000
      1,649 SF

      Vineland Duplex: Income Opportunity

      Income-producing duplex in Vineland, tenant-occupied, close to amenities.
      812 E ELMER Street, VINELAND, NJ 08360
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartments and commercial space in Vineland, NJ.
    Where is this mixed-use property located?
    The property is located at 406 South 6th Street Vineland, NJ.
    What is the asking price?
    The asking price for this property is $305,000.
    What are key features of this property?
    This property features: Mixed‑use property with immediate cash flow from two rented apartments totaling $2,700/month.; Vacant ground‑level commercial space suitable for retail, office, or business venture.; Month‑to‑month leases on apartments provide flexibility.
    (856) 503-8668
    We can help!
    Listing Contact
    Timothy j Kaganzev
    Real Estate License ID: 2185666
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    406 South 6th Street, Vineland, NJ 08360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!