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    Main Street Mixed-Use Investment Property Title is generated by Realmo AI

    5 S Main Street, Cape May Court House, NJ 08210

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    For Sale
    $1,599,995

    MULTI_FAMILY - Cape May Court House, NJ

    Property size:
    4,200 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $380/SF
    Added:
    Mar 27, 2026
    Days on Market:
    56
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for 5 S Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    TB
    Bedrooms
    5
    Bathrooms
    7
    Rooms
    Bathroom 3, Bathroom 4, Bathroom 2, Bathroom 7, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 1, Laundry Room, Basement, Bathroom 6, Bedroom 2, Bathroom 5, Dining Room, Bedroom 4
    Patio and Porch features
    Patio, Porch
    Exterior features
    Patio, Porch, Sidewalks
    Standard status
    Active
    Size
    4,200 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    10976

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    7

    We can help!

    Listing Contact
    Patricia Gesswein
    Patricia Gesswein

    Listing agent Patricia Gesswein License #RS067440

    Listing office Houwzer LLC 3101 Dune Dr. Suite 105, NJ

    Listing date Mar 27, 2026

    MLS# 260763 Listing URL

    Copyright © 2026 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High Gross Annual Rental Income: Generates approximately $135,000 annually
    • Prime Main Street Location: Exceptional visibility and high‑traffic in downtown Cape May Court House
    • Mixed‑Use Building: Features three commercial units and four residential apartments, offering diversified income streams
    • Updated Units: Many units have been recently updated
    • Convenient Access: Immediate access to Stone Harbor beaches, local dining, shopping, and the Garden State Parkway
    • Separate Utilities: Each unit has separate electric service, and residential units are individually metered for water

    Overview

    Located on Main Street in Cape May Court House, this mixed-use investment property features a seven-unit building with three commercial units and four residential apartments. The property is positioned in a high-traffic location with access to Stone Harbor beaches, local dining, shopping, and the Garden State Parkway. The building generates approximately $135,000 in gross annual rental income. The commercial spaces include Unit 101, Unit 102, and Unit 103, each with multiple rooms and a half bath. The residential units consist of Units 201, 202, and 302, each offering two bedrooms and one full bath, and Unit 301, which provides one bedroom and one full bath. The building is served by public water and sewer. Units 101, 102, and 103 share a single water meter, while all residential units are individually metered. Electric service is separated for every unit, with an additional house meter for common areas. Hot water is provided by one shared electric water heater for the commercial units and gas hot water heaters for the residential apartments. Climate control systems include central air conditioning for Units 101, 102, 103, 301, and 302, and ductless mini-split air conditioning for Units 201 and 202. Heating is supplied by gas forced-air furnaces in Units 101, 102, 103, 301, and 302, and ductless heating units in Units 201 and 202. The building has approximately 4,200 square feet of interior space, a full unfinished basement, and low-maintenance vinyl siding. Parking is available with street parking in front of the building and a municipal lot behind it. The lot size is 0.1056 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prince Photography Photography Service Cardillo Dennis A OD Physician M.S. Brown Jewelers (Bike/Boat/Book/etc) Store Kugler Law Firm Law Firm Harvatt II Anthony ... Law Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cape May Court House
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.82412
    Latitude
    39.082272

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    FAQs

    What type of property is this?
    Mixed-use property - Seven-unit mixed-use building in downtown Cape May Court House.
    Where is this mixed-use property located?
    The property is located at 5 S Main Street Cape May Court House, NJ.
    What is the asking price?
    The asking price for this property is $1,599,995.
    What are key features of this property?
    This property features: High Gross Annual Rental Income: Generates approximately $135,000 annually; Prime Main Street Location: Exceptional visibility and high‑traffic in downtown Cape May Court House; Mixed‑Use Building: Features three commercial units and four residential apartments, offering diversified income streams
    (732) 620-0435
    We can help!
    Listing Contact
    Patricia Gesswein
    Patricia Gesswein
    Real Estate License ID: RS067440
    Learn More
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    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.

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