Vineland Commercial Property for
For Sale
Contact for pricing
482 Tuckahoe Rd, Vineland, NJ
Income-producing gym, drive-ins, solar rebates, ample parking, convenient location.
Property Size8,340 SF
Lot Size22.85 Acres
Price / SF$83.81
Days on Market1016
Property Features for 482 Tuckahoe Rd
General Information
Standard status
Active
Size
8,340 SF
Lot size
22.85 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey
(856) 383-5355
Listed By:
Ryan J. Barikian · License #NJ 1111483
(856) 383-5355
Source:
Moodyscre
Added: Oct 27, 2023
Changed: Jul 6
Last Checked: Aug 7 at 6:51AM
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 Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey
Investment Insights
Based on property information with market context.
This commercial property in Vineland, NJ, features an income-producing gym attached to the building. It includes two drive-ins with an 18-foot clear height. The property benefits from a solar installation that generates approximately $4,000 in cash rebates. Ample parking is available in the front, with truck and material storage located in the rear. The property is situated less than a mile from Route 40 (Harding Highway) and is in close proximity to Routes 55, 322, and the Atlantic City Expressway. The building size is 8,340 square feet.
Key Highlights
- Income‑producing gym attached to the building
- Two drive‑ins with 18' clear height
- Solar generates roughly $4k in cash rebates
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
$58,506
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
8.37%
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%
$1,170,120
$1.2M
Cap Rate 7%
$835,800
$835.8K
Cap Rate 9%
$650,067
$650.1K
Market Conditions
NOI Build-Up for 8,340 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
$75.1K $9.00/SF
− Vacancy
−$6.2K −$0.75/SF
EGI
$68.8K $8.25/SF
− OpEx
−$10.3K −$1.24/SF
NOI
$58.5K $7.02/SF
Area
Cumberland County, NJ
Vacancy
8.30%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$1,170,120
Cap Rate 7%
$835,800
Cap Rate 9%
$650,067
Alternative Uses
Best Use
Warehouse
$835.8K
$731.3K – $975.1K
NOI $58,506 @ 7.0% cap · market cap 8.37%
Second Best
Industrial
$696.6K
$609.5K – $812.7K
NOI $48,759 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$12.52M
$10.96M – $14.61M
NOI $876,581 @ 7.0% cap · market cap 125.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- CrossFit Vineland — 482 Tuckahoe Rd, Vineland, NJ 08360
- Vineland Performance — 482 Tuckahoe Rd, Vineland, NJ 08360
- The Heartery — 1000 Buttonwood St, Philadelphia, PA 19123
Frequently Asked Questions
What type of property is this?
Fitness center & gym - Income-producing gym, drive-ins, solar rebates, ample parking, convenient location.
Where is this fitness center & gym located?
The property is located at 482 Tuckahoe Rd Vineland, NJ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Income‑producing gym attached to the building; Two drive‑ins with 18' clear height; Solar generates roughly $4k in cash rebates
