Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    301 New Jersey Ave Wildwood, NJ 08260

    Sponsored
    For Sale
    $1,800,000

    Retail Land, 4,036 sq ft, $1.8M

    Property size:
    4,036 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional commercial property in North Wildwood, New Jersey, presents a unique investment opportunity. Located at 301 New Jersey Avenue, this 200 x 100 foot lot boasts a substantial 4,036 square foot brick building. The property enjoys prime visibility within a thriving commercial business district, offering significant potential for a variety of uses. The building itself is equipped with three-phase electric service, heating and air conditioning, a convenient loading dock, and two bathrooms. Ample parking is accommodated, with space for over 30 vehicles. This is a rare chance to acquire a well-situated, established commercial property in a desirable coastal location. The asking price is $1,800,000. The property is zoned for commercial use and is ready for immediate occupancy. Its size and features make it ideal for a range of businesses seeking a prominent presence in North Wildwood. Don't miss this chance to own a piece of the vibrant North Wildwood commercial landscape. The property is located in Cape May County, New Jersey, zip code 08260.

    Property Features for 301 New Jersey Ave

    General Information

    Property type
    Land
    Square Feet
    4,036 SF

    HighLights

    • $1,800,000 asking price.
    • Retail and land property totaling 4,036 square feet.
    • Located at 301 New Jersey Avenue, North Wildwood, NJ 08260.
    • Prime commercial location in North Wildwood's business district.
    • Features a 200' x 100' lot, brick building, 3‑phase electric, HVAC, loading dock, two bathrooms, and parking for over 30 vehicles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Restaurant Clothing Store Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wildwood
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.7952869
    Latitude
    39.0062536

    Nearby Similar for Sale

    • $7,500,000

      Wildwood Boardwalk Mixed-Use Investment

      Beachfront property with retail, apartments, parking, and redevelopment potential.
      4314-20 Boardwalk, Wildwood, NJ 08260
      View Details
    • $1,300,000

      Wildwood Four-Plex with Upgrades

      Four units on a large lot with off-street parking.
      208 E Maple Ave, Wildwood, NJ 08260
      View Details
    • $1,399,900

      Modern Duplex Near Wildwood Beach

      Almost new duplex with modern amenities near the beach.
      110 W Youngs Ave, Wildwood, NJ 08260
      View Details
    • $875,000
      0.21 Acres

      Turn-Key Restaurant Opportunity in Wildwood

      Restaurant with indoor and outdoor dining, plus apartment.
      6200 New Jersey Ave, Wildwood, NJ 08260
      View Details
    • $565,000

      Remodeled Duplex in Wildwood, NJ

      Income-producing duplex with modern units and updated finishes.
      418 W Roberts Ave, Wildwood, NJ 08260
      View Details
    • $749,900
      Pending

      Wildwood Four-Plex Investment Opportunity

      Four-unit property near Wildwood beach, ideal for renovation and rental.
      208 E Spencer Ave, Wildwood, NJ 08260
      View Details
    • New
      $699,999
      1,665 SF

      Prime Boardwalk Commercial Unit

      High-visibility commercial space in the heart of Wildwood, New Jersey.
      2910 Boardwalk, Wildwood, NJ 08260
      View Details
    • $2,990,000

      Restaurant and Bar with Apartments

      Restaurant/bar with liquor license and apartments near boardwalk.
      3801 Pacific Ave, Wildwood, NJ 08260
      View Details
    • $2,990,000

      Restaurant, Bar and Apartments

      Restaurant/Bar with liquor license and apartments near boardwalk.
      3801 Pacific Ave, Wildwood, NJ 08260
      View Details
    • $575,000

      Wildwood Duplex Investment Opportunity

      Duplex in Wildwood with two separate houses on one lot.
      210 W Burk Ave, Wildwood, NJ 08260
      View Details
    • $2,299,000
      3,846 SF

      Boardwalk Retail Investment Opportunity

      Prime boardwalk retail space with existing leases and income.
      3400 Boardwalk, Wildwood, NJ 08260
      View Details
    • $10,999,000

      Wildwood Motel with Restaurant/Bar

      78-unit motel with restaurant/bar near the beach and boardwalk.
      3400 Atlantic Ave, Wildwood, NJ 08260
      View Details

    FAQs

    What type of property is this?
    Land - Retail Land, 4,036 sq ft, $1.8M
    Where is this land located?
    The property is located at 301 New Jersey Ave Wildwood, NJ.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: $1,800,000 asking price.; Retail and land property totaling 4,036 square feet.; Located at 301 New Jersey Avenue, North Wildwood, NJ 08260.
    Request Owner's contact information
    301 New Jersey Ave Wildwood, NJ 08260
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    301 New Jersey Ave
    Wildwood, NJ 08260
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    301 New Jersey Ave Wildwood, NJ 08260
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.