Office Space Above
For Sale
$369,000
6307 New Jersey Avenue, Wildwood Crest, NJ 08260
SINGLE_FAMILY - Wildwood Crest, NJ
Property Size845 SF
Price / SF$436.69
Days on Market50
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
Forced Air, Natural Gas
Cooling system
Central Air
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: Jun 18
Changed: Aug 3
Last Checked: Aug 6 at 1:06PM
MLS# 261667
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 under-construction property is planned to include three two-story townhomes above three professional office spaces. Each office is designed with an open layout and a half bathroom, along with a restroom interior feature. Flooring is noted as slab, and mechanicals include natural gas forced air heating with central air cooling.
The project is slated for Spring 2026 delivery, with the building year listed as 2026. Located at 6307 New Jersey Avenue in Wildwood Crest, the property sits within B-1 zoning, positioned for professional office use in the area’s commercial district.
The combination of office space and townhomes above may support a tenant or ownership plan that benefits from mixed building design while keeping the office floor configured as dedicated professional space.
The project is slated for Spring 2026 delivery, with the building year listed as 2026. Located at 6307 New Jersey Avenue in Wildwood Crest, the property sits within B-1 zoning, positioned for professional office use in the area’s commercial district.
The combination of office space and townhomes above may support a tenant or ownership plan that benefits from mixed building design while keeping the office floor configured as dedicated professional space.
Key Highlights
- Planned office layout: open space with half bathroom in each suite
- Three professional office spaces above three two‑story townhomes
- Central air cooling with natural gas forced air heating
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
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
349
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Under-construction office spaces with open layouts, half bathrooms, and central air in B-1 zoning
Where is this office units 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: Planned office layout: open space with half bathroom in each suite; Three professional office spaces above three two‑story townhomes; Central air cooling with natural gas forced air heating
