Mixed-Use Building with
New
For Sale
$599,900
710-712 New Jersey Avenue, North Wildwood, NJ 08260
COMMERCIAL/INDUSTRIAL, North Wildwood, NJ
Property Size3,300 SF
Price / SF$181.79
Days on Market4
Property Features for 710-712 New Jersey Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Rooms
Office, Laundry Room
Interior features
Display Window, Restroom, Smoke/Fire Alarm, Storage
Exterior features
Truck Door, Sign
Lot features
Island, Business District, Inside
Subdivision
North Wildwood
Standard status
Active
Size
3,300 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7254
Utilities
Heating system
Space Heater, Natural Gas
Amenities
rear garage doors
private office
open workspaces
half bathrooms
vertical natural gas heaters
Building Details
Year built
1965
Number of units
2
Flooring type
Slab, Concrete
Additional Structures
Storage
Listing Agency:
SHORE POINTS REALTY
(609) 522-2286
Listed By:
Fredric (Fred) M. DiAntonio, CCIM, CNE, GRI · License #9702848
(609) 780-5355
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 20 at 11:06AM
MLS# 262672
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 mixed-use commercial property contains two street-facing retail areas measuring approximately 550 square feet and 680 square feet, along with a private office and two rear work areas totaling approximately 2,100 square feet. The building includes 10-foot ceilings, display windows, concrete slab flooring, storage, laundry space, and restroom facilities. Natural gas heaters and steel trusses are present throughout, while two exterior rear garage doors support delivery access. Each storefront includes 25 feet of window frontage along New Jersey Avenue.
The property is located at 710-712 New Jersey Avenue in North Wildwood, within Cape May County. Signage, smoke/fire alarms, and truck-door access are among the existing features. Renovation and new build-out work are needed, and the sale is offered in its current condition. The existing business is not included.
The property is located at 710-712 New Jersey Avenue in North Wildwood, within Cape May County. Signage, smoke/fire alarms, and truck-door access are among the existing features. Renovation and new build-out work are needed, and the sale is offered in its current condition. The existing business is not included.
Key Highlights
- Two storefronts measuring approximately 550 sq ft and 680 sq ft
- Private office with two rear workspaces totaling approximately 2,100 sq ft
- Each storefront provides 25 feet of window frontage on New Jersey Avenue
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
$38,254
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
6.38%
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%
$765,080
$765.1K
Cap Rate 7%
$546,486
$546.5K
Cap Rate 9%
$425,044
$425.0K
Market Conditions
NOI Build-Up for 3,300 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
$59.4K $18.00/SF
− Vacancy
−$4.8K −$1.44/SF
EGI
$54.6K $16.56/SF
− OpEx
−$16.4K −$4.97/SF
NOI
$38.3K $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 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%
$765,080
Cap Rate 7%
$546,486
Cap Rate 9%
$425,044
Alternative Uses
Best Use
Retail
$546.5K
$478.2K – $637.6K
NOI $38,254 @ 7.0% cap · market cap 6.38%
Second Best
Mixed Use
$422.9K
$370.0K – $493.4K
NOI $29,601 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$1.01M
$883.9K – $1.18M
NOI $70,710 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 54%
Shops & Services 31%
Dining 15%
Owens
Groceries
3,777 visits/mo
0.4 miles
PNC Bank
Shops & Services
2,115 visits/mo
0.2 miles
PrimoHoagies
Dining
1,042 visits/mo
0.2 miles
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?
Mixed-use property - Commercial property combining customer-facing retail areas with office and flexible rear workspace.
Where is this mixed-use property located?
The property is located at 710-712 New Jersey Avenue North Wildwood, NJ.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Two storefronts measuring approximately 550 sq ft and 680 sq ft; Private office with two rear workspaces totaling approximately 2,100 sq ft; Each storefront provides 25 feet of window frontage on New Jersey Avenue
