Ground-Level Retail
New
For Sale
$297,000
6307 New Jersey Avenue, Wildwood Crest, NJ 08260
COMMERCIAL/INDUSTRIAL, Wildwood Crest, NJ
Property Size845 SF
Price / SF$351.48
Days on Market2
Property Features for 6307 New Jersey Avenue
General Information
Property type
Residential
Property subtype
Office
Property condition
Under Construction
Zoning
B-1
Rooms
Office
Interior features
Restroom
Lot features
Island
Subdivision
Wildwood Crest
Standard status
Active
Size
845 SF
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Amenities
expansive front windows
modern lighting
completed ceiling systems
quality flooring
clean HVAC feeds
separated utilities
gas-fired central HVAC
private interior powder room
Building Details
Year built
2026
Number of units
1
Flooring type
Slab
Listing Agency:
KELLER WILLIAMS REALTY JERSEY SHORE - AV
(609) 961-6700
Listed By:
Michael C. Powers · License #8610395
(609) 408-4150
Added: Oct 5
Last Checked: Oct 6 at 6:06PM
MLS# 262847
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.
Investment Insights
Based on property information with market context.
This 845-square-foot retail unit is under construction, with ground-level access and an open interior. Front windows bring natural light into the space, while a private restroom and separated utilities serve the unit. Heating is provided by a natural-gas forced-air system, with central air conditioning. The property is designated B-1 and has a 2026 year built.
Key Highlights
- 845‑square‑foot retail unit
- Ground‑level access with an open interior
- Front windows and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,795
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,900
$195.9K
Cap Rate 7%
$139,929
$139.9K
Cap Rate 9%
$108,833
$108.8K
Market Conditions
NOI Build-Up for 845 SF
Gross rent
$15.2K $18.00/SF
− Vacancy
−$1.2K −$1.44/SF
EGI
$14.0K $16.56/SF
− OpEx
−$4.2K −$4.97/SF
NOI
$9.8K $11.59/SF
Area
Cape May County, NJ
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,900
Cap Rate 7%
$139,929
Cap Rate 9%
$108,833
Alternative Uses
Best Use
Retail
$139.9K
$122.4K – $163.3K
NOI $9,795 @ 7.0% cap · market cap 3.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
Explore this area
Business Placement
Demographics for 08260, NJ
12,964
Population
23,076
Households
0.6
Avg Household Size
53
Median Age
28%
College-Educated
93%
High-School Grad
15.9 sq mi
ZIP Area
815
Density / Sq Mi
$71,549
Median Household Income
$40,361
Median Earnings
$1,182
Median Rent
$441,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - An open-plan commercial unit features central air, gas-fired heat, and a private restroom.
Where is this retail space located?
The property is located at 6307 New Jersey Avenue Wildwood Crest, NJ.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: 845‑square‑foot retail unit; Ground‑level access with an open interior; Front windows and private restroom
