Two-Story Townhome Above
For Sale
Contact for pricing
6307 New Jersey Avenue, Wildwood Crest, NJ 08260
New construction delivers a two-story townhome over professional office space with open layout and half bath.
Property Size845 SF
Price / SF$436.69
Days on Market121
Property Features for 6307 New Jersey Avenue
General Information
Standard status
Active
Size
845 SF
Property subtype
Office, Land
Building Details
Units
1
Listing Agency:
KELLER WILLIAMS REALTY JERSEY SHORE - AV
Listed By:
Michael C. Powers · License #8610395
(609) 729-2100
Source:
Crexi
Added: May 7
Changed: Aug 14
Last Checked: Sep 4 at 1:06PM
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 KELLER WILLIAMS REALTY JERSEY SHORE - AV
Investment Insights
Based on property information with market context.
This offering is for a professional office unit within a new construction project scheduled for Spring 2026 delivery. The development features three two-story townhomes above three professional office spaces. Each office is configured with an open work area and includes a half bathroom.
The project is positioned in the heart of Wildwood Crest’s commercial district on New Jersey Avenue.
For buyers seeking a compact, open-plan office with a half bath within an owner-occupant or mixed-use style building, this unit provides a straightforward footprint inside the planned three-office configuration.
The project is positioned in the heart of Wildwood Crest’s commercial district on New Jersey Avenue.
For buyers seeking a compact, open-plan office with a half bath within an owner-occupant or mixed-use style building, this unit provides a straightforward footprint inside the planned three-office configuration.
Key Highlights
- New construction with Spring 2026 delivery: three two‑story townhomes above three professional office spaces
- Each office includes 845 SF of open space plus a half bathroom
- Two‑story townhomes over professional office space with open layout and a half bath
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
$13,821
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
3.75%
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%
$276,420
$276.4K
Cap Rate 7%
$197,443
$197.4K
Cap Rate 9%
$153,567
$153.6K
Market Conditions
NOI Build-Up for 845 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
$23.6K $27.96/SF
− Vacancy
−$5.2K −$6.15/SF
EGI
$18.4K $21.81/SF
− OpEx
−$4.6K −$5.45/SF
NOI
$13.8K $16.36/SF
Area
Cape May County, NJ
Vacancy
22.00%
Lease Rate
$27.96 /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%
$276,420
Cap Rate 7%
$197,443
Cap Rate 9%
$153,567
Alternative Uses
Best Use
Office B
$197.4K
$172.8K – $230.4K
NOI $13,821 @ 7.0% cap · market cap 3.75%
Second Best
Mixed Use
$108.3K
$94.8K – $126.3K
NOI $7,580 @ 7.0% cap · market cap 2.05%
Theoretical Best
Office A
$258.7K
$226.3K – $301.8K
NOI $18,106 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - New construction delivers a two-story townhome over professional office space with open layout and half bath.
Where is this live-work 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 $369,000.
What are key features of this property?
This property features: New construction with Spring 2026 delivery: three two‑story townhomes above three professional office spaces; Each office includes 845 SF of open space plus a half bathroom; Two‑story townhomes over professional office space with open layout and a half bath
