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Property profile & analytics
OFF-MARKET Estimated value $780,000
Commercial real estate

213 Stites Ave Cape May Court House, NJ 08210

1.91 ac lot Built 1980
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US59-1262392
Property summary
AI-generated overview

This exceptional industrial property, located at 213 Stites Ave in Middle Township, New Jersey, presents a compelling investment opportunity. The property encompasses two buildings totaling 20,000 square feet, situated on a generous 1.91-acre lot. The asking price is $2,550,000, translating to a competitive price per square foot of $127.50. The warehouse features two convenient loading docks, significantly enhancing operational efficiency. High ceilings, measuring 16 feet, provide ample vertical space for storage and various industrial applications. This strategic location in Cape May County offers excellent access to major industrial and local retail markets throughout Southern New Jersey, Pennsylvania, and Delaware, making it an ideal location for businesses seeking a strong distribution network. The property's size, features, and prime location combine to create a highly attractive investment prospect for discerning buyers seeking a foothold in this thriving region. The zip code is 08210. The property is classified as industrial and specifically as a warehouse. This is a rare opportunity to acquire a well-situated, functional warehouse in a desirable location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Lot 1.91 ac (83,069 SF)
Zoning code TR
APN 06 00245-0000-00008
UPID US59-1262392
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$815k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$780k
Owner & transaction history
Ckjr LLC · 4 yrs held
Ckjr LLC
since 2021
Last sale
$715,000
2 recorded transactions
2022
Price N/A
2021
$250,000
Zoning & alternative use
TR · Cape May Court House, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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