Corner Mixed-Use
For Sale
$499,000
5926 Main Street, Mays Landing, NJ 08330
COMMERCIAL/INDUSTRIAL, Mays Landing, NJ
Property Size4,288 SF
Lot Size0.16 Acres
Price / SF$116.37
Days on Market94
Property Features for 5926 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Off Street
Interior features
Display Windows, Restroom, Storage
Lot features
Corner, Historical District
Directions
Located at the intersection of Rte. 50 (Cape May Ave) and Main St
Subdivision
Hamilton Twp
Standard status
Active
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7514
Utilities
Sewer type
Public Sewer
Heating system
Oil
Cooling system
Ceiling Fan(s), Window Unit(s), Wall Unit(s)
Water source
Public
Building Details
Year built
1836
Number of units
3
Flooring type
Hardwood, Linoleum, Carpet
Roof type
Flat, Asphalt
Additional Structures
Storage
Listing Agency:
Soleil Sotheby's International Realty - A
(609) 487-8000
Listed By:
Victoria Dolceamore
(310) 962-5546
Added: Jun 18
Changed: Sep 13
Last Checked: Sep 19 at 2:06AM
MLS# 609034
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-story mixed-use building combines a street-facing retail storefront with a rear first-floor area leased to a long-term tenant. The upper level contains a two-bedroom apartment with its own exterior entrance, cherry hardwood flooring, a chair lift, and an updated bathroom with a walk-in shower. Additional storage areas include a lift system and attic fan. The property also includes display windows, a restroom, public water and sewer, and off-street parking.
Situated at Main Street and Route 40/50 in Mays Landing, the building occupies a 0.16-acre parcel across from War Memorial Park and within walking distance of county offices, courts, and downtown businesses. Approximately 60 feet of frontage supports its street presence, while 15 off-street parking spaces supplement nearby street and public parking. General Commercial zoning accommodates retail, office, and mixed-use development. Recent improvements include a newer metal peak roof, upgraded flat rubber roofing, three updated heating/AC units with new compressors, a two-year-old above-ground oil tank, and a new hot water heater.
Situated at Main Street and Route 40/50 in Mays Landing, the building occupies a 0.16-acre parcel across from War Memorial Park and within walking distance of county offices, courts, and downtown businesses. Approximately 60 feet of frontage supports its street presence, while 15 off-street parking spaces supplement nearby street and public parking. General Commercial zoning accommodates retail, office, and mixed-use development. Recent improvements include a newer metal peak roof, upgraded flat rubber roofing, three updated heating/AC units with new compressors, a two-year-old above-ground oil tank, and a new hot water heater.
Key Highlights
- Two‑story mixed‑use building with retail storefront, leased rear area, and 2‑bedroom apartment
- Approximately 60 feet of frontage at Main Street and Route 40/50
- 0.16‑acre parcel with 15 off‑street parking spaces
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
$38,469
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
7.71%
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%
$769,380
$769.4K
Cap Rate 7%
$549,557
$549.6K
Cap Rate 9%
$427,433
$427.4K
Market Conditions
NOI Build-Up for 4,288 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
$57.6K $13.44/SF
− Vacancy
−$6.3K −$1.48/SF
EGI
$51.3K $11.96/SF
− OpEx
−$12.8K −$2.99/SF
NOI
$38.5K $8.97/SF
Area
Mercer County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
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%
$769,380
Cap Rate 7%
$549,557
Cap Rate 9%
$427,433
Alternative Uses
Best Use
Retail
$916.0K
$801.5K – $1.07M
NOI $64,123 @ 7.0% cap · market cap 12.85%
Second Best
Mixed Use
$808.6K
$707.5K – $943.4K
NOI $56,602 @ 7.0% cap · market cap 11.34%
Theoretical Best
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,573 @ 7.0% cap · market cap 19.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Explore this area
Business Placement
Demographics for 08330, NJ
29,548
Population
12,800
Households
2.3
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
127.4 sq mi
ZIP Area
232
Density / Sq Mi
$82,981
Median Household Income
$40,880
Median Earnings
$1,576
Median Rent
$230,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story commercial property with retail, apartment, storage, parking, and a separately leased rear area.
Where is this mixed-use property located?
The property is located at 5926 Main Street Mays Landing, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑story mixed‑use building with retail storefront, leased rear area, and 2‑bedroom apartment; Approximately 60 feet of frontage at Main Street and Route 40/50; 0.16‑acre parcel with 15 off‑street parking spaces
