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5 S Main St 4,293 SF 86% Leased Office Building Cape May Court House, NJ 08210 $1,699,995 ($395.99/SF) 5.61% Cap Rate
Executive Summary
FOR SALE – Prime Mixed-Use Investment Property on Main Street, Cape May Court House
This rare offering presents a large seven-unit mixed-use building in the heart of downtown Cape May Court House. Perfectly positioned along vibrant Main Street, the property provides exceptional visibility, a strong rental history, and immediate access to Stone Harbor beaches, popular local dining, boutique shopping, and the Garden State Parkway for effortless regional travel.
Generating approximately $135,000 in gross annual rental income, this well-maintained building includes three commercial units and four residential apartments. Each unit has separate electric service, along with a house meter dedicated to the common areas, and many units have been recently updated.
The commercial spaces consist of Unit 101 with three rooms and a half bath, Unit 102 with three rooms and a half bath, and Unit 103 with two rooms and a half bath. The residential units include Units 201, 202, and 302, each offering two bedrooms and one full bath, while Unit 301 provides one bedroom and one full bath.
Public water and sewer serve the building, with Units 101, 102, and 103 sharing a single water meter, while all residential units are individually metered. Electric service is separated for every unit, with an additional house meter for common areas. Hot water usage is divided between one shared electric water heater for the commercial units and gas hot water heaters for the residential apartments.
Climate control systems throughout the building are modern and efficient. Central air conditioning is provided for Units 101, 102, 103, 301, and 302, while Units 201 and 202 operate with ductless mini-split air conditioning. Heating is supplied by gas forced-air furnaces in Units 101, 102, 103, 301, and 302, and ductless heating units in Units 201 and 202. In total, the building operates with five central HVAC systems and two ductless systems.
Additional benefits of the property include approximately 4,200 square feet of interior space, a full unfinished basement, and low-maintenance vinyl siding on the exterior. Parking is convenient, with street parking available directly in front of the building and a municipal lot positioned immediately behind it.
This property represents an outstanding income-producing asset in a desirable and high-traffic location, offering long-term stability and significant investment potential. Its combination of commercial and residential tenants, consistent demand, and prominent Main Street frontage makes it ideal for investors seeking dependable cash flow and a valuable addition to their portfolio.
This rare offering presents a large seven-unit mixed-use building in the heart of downtown Cape May Court House. Perfectly positioned along vibrant Main Street, the property provides exceptional visibility, a strong rental history, and immediate access to Stone Harbor beaches, popular local dining, boutique shopping, and the Garden State Parkway for effortless regional travel.
Generating approximately $135,000 in gross annual rental income, this well-maintained building includes three commercial units and four residential apartments. Each unit has separate electric service, along with a house meter dedicated to the common areas, and many units have been recently updated.
The commercial spaces consist of Unit 101 with three rooms and a half bath, Unit 102 with three rooms and a half bath, and Unit 103 with two rooms and a half bath. The residential units include Units 201, 202, and 302, each offering two bedrooms and one full bath, while Unit 301 provides one bedroom and one full bath.
Public water and sewer serve the building, with Units 101, 102, and 103 sharing a single water meter, while all residential units are individually metered. Electric service is separated for every unit, with an additional house meter for common areas. Hot water usage is divided between one shared electric water heater for the commercial units and gas hot water heaters for the residential apartments.
Climate control systems throughout the building are modern and efficient. Central air conditioning is provided for Units 101, 102, 103, 301, and 302, while Units 201 and 202 operate with ductless mini-split air conditioning. Heating is supplied by gas forced-air furnaces in Units 101, 102, 103, 301, and 302, and ductless heating units in Units 201 and 202. In total, the building operates with five central HVAC systems and two ductless systems.
Additional benefits of the property include approximately 4,200 square feet of interior space, a full unfinished basement, and low-maintenance vinyl siding on the exterior. Parking is convenient, with street parking available directly in front of the building and a municipal lot positioned immediately behind it.
This property represents an outstanding income-producing asset in a desirable and high-traffic location, offering long-term stability and significant investment potential. Its combination of commercial and residential tenants, consistent demand, and prominent Main Street frontage makes it ideal for investors seeking dependable cash flow and a valuable addition to their portfolio.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$135,000
|
$31.45
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$135,000
|
$31.45
|
| Taxes |
$10,976
|
$2.56
|
| Operating Expenses |
$28,590
|
$6.66
|
| Total Expenses |
$39,566
|
$9.22
|
| Net Operating Income |
$95,434
|
$22.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $135,000 |
| Annual Per SF | $31.45 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $135,000 |
| Annual Per SF | $31.45 |
| Taxes | |
|---|---|
| Annual | $10,976 |
| Annual Per SF | $2.56 |
| Operating Expenses | |
|---|---|
| Annual | $28,590 |
| Annual Per SF | $6.66 |
| Total Expenses | |
|---|---|
| Annual | $39,566 |
| Annual Per SF | $9.22 |
| Net Operating Income | |
|---|---|
| Annual | $95,434 |
| Annual Per SF | $22.23 |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
4,293 SF
Building Class
C
Year Built
1910
Price
$1,699,995
Price Per SF
$395.99
Cap Rate
5.61%
NOI
$95,433
Percent Leased
86%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,431 SF
Slab To Slab
10’
Building FAR
0.93
Lot Size
0.11 AC
Zoning
TB
Amenities
- Bus Line
- Signage
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 06-00238-0000-00012 | Total Assessment | $507,700 |
| Land Assessment | $138,000 | Annual Taxes | $10,976 ($2.56/SF) |
| Improvements Assessment | $369,700 | Tax Year | 2025 |
Property Taxes
Parcel Number
06-00238-0000-00012
Land Assessment
$138,000
Improvements Assessment
$369,700
Total Assessment
$507,700
Annual Taxes
$10,976 ($2.56/SF)
Tax Year
2025
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Presented by
Houwzer Inc.
5 S Main St
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