Turnkey Floral Retail
For Sale
$184,000
541 W Main St W, Millville, NJ 08332
Turnkey floral retail includes building, private parking, refrigeration, display cases, and remaining inventory.
Property Size540 SF
Price / SF$340.74
Days on Market260
Property Features for 541 W Main St W
General Information
Standard status
Active
Size
540 SF
Total Parking Spaces
9
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$1,699
Amenities
Window Unit(s)
Natural Gas
Building Details
Building Size
540 SF
Year Built
1959
Listing Agency:
EXIT Realty Defined
(856) 381-6292
Listed By:
Jordan N Hess
(856) 381-6292
Source:
Evrealestate
Added: Dec 7, 2025
Changed: Aug 23
Last Checked: Aug 23 at 3:46AM
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 EXIT Realty Defined
Investment Insights
Based on property information with market context.
This turnkey floral retail shop is offered with the building and core operating improvements and fixtures in place. Included in the sale are a private parking lot, a refrigeration unit, display cases, and all remaining inventory, supporting ready-to-operate continuity. The transaction also includes a long-standing customer database and vendor relationships intended to support a seamless transition for the new owner.
The shop is described as being in a high-visibility, high-traffic area, benefiting from walk-in traffic and repeat customers. The business is centered on custom floral design for occasions including weddings, funerals, proms, corporate events, and everyday celebrations.
Recent building upgrades noted in the materials include an updated electrical panel, a recently resealed roof, and a 24-hour fire monitoring system for added safety.
The shop is described as being in a high-visibility, high-traffic area, benefiting from walk-in traffic and repeat customers. The business is centered on custom floral design for occasions including weddings, funerals, proms, corporate events, and everyday celebrations.
Recent building upgrades noted in the materials include an updated electrical panel, a recently resealed roof, and a 24-hour fire monitoring system for added safety.
Key Highlights
- Turnkey floral retail business with custom floral design for weddings, funerals, proms, corporate events, and everyday occasions
- Sale includes the building, private parking lot, refrigeration unit, display cases, and remaining inventory
- Recent building upgrades include an updated electrical panel and a recently resealed roof
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
$6,518
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
3.54%
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%
$130,360
$130.4K
Cap Rate 7%
$93,114
$93.1K
Cap Rate 9%
$72,422
$72.4K
Market Conditions
NOI Build-Up for 540 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
$9.7K $18.00/SF
− Vacancy
−$408 −$0.76/SF
EGI
$9.3K $17.24/SF
− OpEx
−$2.8K −$5.17/SF
NOI
$6.5K $12.07/SF
Area
Cumberland County, NJ
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$130,360
Cap Rate 7%
$93,114
Cap Rate 9%
$72,422
Alternative Uses
Best Use
Retail
$93.1K
$81.5K – $108.6K
NOI $6,518 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$810.8K
$709.5K – $946.0K
NOI $56,757 @ 7.0% cap · market cap 30.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 98%
Apparel 2%
Wawa
Shops & Services
35,864 visits/mo
0.2 miles
Dollar General
Shops & Services
10,984 visits/mo
0.5 miles
Clarks
Apparel
911 visits/mo
0.1 miles
Demographics for 08332, NJ
35,396
Population
15,063
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
104.5 sq mi
ZIP Area
339
Density / Sq Mi
$65,825
Median Household Income
$39,595
Median Earnings
$1,223
Median Rent
$195,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Alisa Florals — 541 W Main St, Millville, NJ 08332
Frequently Asked Questions
What type of property is this?
Storefront property - Turnkey floral retail includes building, private parking, refrigeration, display cases, and remaining inventory.
Where is this storefront property located?
The property is located at 541 W Main St W Millville, NJ.
What is the asking price?
The asking price for this property is $184,000.
What are key features of this property?
This property features: Turnkey floral retail business with custom floral design for weddings, funerals, proms, corporate events, and everyday occasions; Sale includes the building, private parking lot, refrigeration unit, display cases, and remaining inventory; Recent building upgrades include an updated electrical panel and a recently resealed roof
