Commercial Building on Busy
780 Route 47 N, Cape May Court House, NJ 08210
For Sale
$499,000
Retail food market building on a desirable 1.7-acre corner lot.
Property Size2,000 SF
Lot Size1.70 Acres
Price / SF$249.50
Days on Market551
Property Features for 780 Route 47 N
General Information
Standard status
Size
Lot size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Coldwell Banker James C Otton Real Estate - CMCH
Listed By:
Diane V. Walker · License #8831111
(609) 576-3178
Source:
Exprealty
Added: May 8, 2025
Changed: Oct 25
Last Checked: Nov 8 at 6:57AM
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 Coldwell Banker James C Otton Real Estate - CMCH
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Investment Insights
Based on property information with market context.
This commercial building, approximately 2,000 square feet (40x50 per Dennis Twp. Tax assessor), is currently used as a retail food market business. Located on the busy corner of Route 47 and Court House-South Dennis Road in South Dennis, it offers many possibilities for a business. The property is situated on a 1.7-acre lot. Previously, the building was used as a restaurant/diner for many years. An ADT alarm system and a NJ Lottery machine are currently in place, which may be transferable upon the sale of the property. The sale includes the building only, with ample parking available in the front and rear. Inventory, furnishings, and equipment are to be sold separately or negotiated prior to closing. The property is to be sold "AS IS", with buyers responsible for all inspections and due diligence inspections as per Dennis Township requirements.
Key Highlights
- High‑traffic corner location on Route 47 and Court House‑South Dennis Road.
- Versatile 2,000 sq ft commercial building suitable for various businesses.
- Large 1.7‑acre lot with ample parking in front and rear.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,456
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,120
$609.1K
Cap Rate 7%
$435,086
$435.1K
Cap Rate 9%
$338,400
$338.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$2.6K −$1.30/SF
EGI
$40.6K $20.30/SF
− OpEx
−$10.2K −$5.08/SF
NOI
$30.5K $15.23/SF
Area
Cape May County, NJ
Vacancy
6.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,120
Cap Rate 7%
$435,086
Cap Rate 9%
$338,400
Alternative Uses
Best Use
Specialty Retail
$435.1K
$380.7K – $507.6K
NOI $30,456 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$612.2K
$535.7K – $714.2K
NOI $42,854 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08210, NJ
17,635
Population
8,374
Households
2.1
Avg Household Size
47
Median Age
33%
College-Educated
93%
High-School Grad
68.5 sq mi
ZIP Area
257
Density / Sq Mi
$93,855
Median Household Income
$48,086
Median Earnings
$1,538
Median Rent
$337,700
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Retail food market building on a desirable 1.7-acre corner lot.
Where is this grocery and convenience store located?
The property is located at 780 Route 47 N Cape May Court House, 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: High‑traffic corner location on Route 47 and Court House‑South Dennis Road.; Versatile 2,000 sq ft commercial building suitable for various businesses.; Large 1.7‑acre lot with ample parking in front and rear.
