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    540 Route 47 S Green Creek, NJ 08204

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    For Sale
    $583,000

    Mixed Use - Green Creek, NJ

    Type:Mixed Use
    Property size:
    4,000 SF
    Lot size:
    0.69 Acres
    Price / SF:
    $145/SF
    Added:
    Nov 24, 2025
    Days on Market:
    162
    Last Refresh:
    May 5 at 6:06 am

    Property Features for 540 Route 47 S

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Zoning
    VC
    Parking features
    Assigned, Paved or Surfaced
    Security features
    Fire Alarm
    Interior features
    220 Volt Electricity, Display Window, Living Space Available, Restroom, Smoke/Fire Alarm, Storage
    Exterior features
    Restrooms, Storage Building, Sign
    Standard status
    Active
    Size
    4,000 SF
    Lot size
    0.69 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6796

    Utilities

    Utilities
    Electricity Available
    Heating system
    Electric (Heating), Natural Gas, Propane (Heating), Space Heater
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1950
    Number of units
    3
    Building materials
    Brick
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Theresa Arndt

    Listing agent Theresa Arndt License #1969646

    Listing office deSatnick Real Estate LLC - Lower Township 2505 Bayshore Road, Villas, NJ

    Listing date Nov 24, 2025

    MLS# 253423 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.

    Overview

    Versatile Mixed-Use Building For Sale

    This mixed-use building offers street-level retail space and a spacious residential apartment above. The ground floor features approximately 1,500 square feet of retail space, an office, storage area, a breakroom, and two half bathrooms with large display windows and excellent exposure on a busy, high-visibility road. An adjacent building houses a double bay garage, currently used as a Tire Center, offering approximately 1,000 square feet. There is additional outside space with enclosed fencing, a storage area, and a shed. The upper level contains a spacious 3-bedroom, 2-bathroom apartment with approximately 1,500 square feet of living space. Ample on-site parking is available for up to 24 cars, with easy access from the main road. The property includes two additional sheds for storage. The lot measures 250 feet of frontage by 120 feet of depth. City water is available at the street, ready to connect, and city sewer is currently connected to the retail space. The property is located in Green Creek, NJ. The property is currently used for Cape Camping and RV Center. The zoning is VC. Inventory is negotiable, and the property is being sold as is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Green Creek
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.901257
    Latitude
    39.044843

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail, garage, and residential spaces.
    Where is this mixed-use property located?
    The property is located at 540 Route 47 S Green Creek, NJ.
    What is the asking price?
    The asking price for this property is $583,000.
    What are key features of this property?
    This property features: Versatile mixed‑use building with street‑level retail and a spacious 3‑bedroom, 2‑bathroom residential apartment; High‑visibility location on a busy road, ideal for attracting customers and tenants; Ample on‑site parking (up to 24 cars) with easy access from the main road
    (609) 742-7255
    We can help!
    Listing Contact
    Theresa Arndt
    Real Estate License ID: 1969646
    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.

    More about this property
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    540 Route 47 S, Green Creek, NJ 08204
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