Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    22 South Pennsylvania Ave Atlantic City, NJ 08401

    Sponsored
    Picture of Storefront properties at South Pennsylvania Ave 22, Atlantic City, NJ
    For Lease
    $1,900 /Mo

    Commercial - Atlantic City, NJ

    Days on Market:
    11
    Last Refresh:
    Feb 25 at 1:06 pm

    Property Features for 22 South Pennsylvania Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active

    Building Details

    Number of units
    1

    We can help!

    Listing Contact
    PAUL VERDICCHIO

    Halo Realty (848) 229-1810

    Listing agent Paul Verdicchio (848) 229-1810 License #0340743

    Listing date Feb 15, 2026

    MLS# 604768 Listing URL

    Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Atlantic City Retail Space Available

    This commercial space, situated in Atlantic City, New Jersey, offers a location with busy traffic and street parking. The property is set up for use as a barbershop or salon.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elans Boutique & Hair ... Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    Florist

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4239624
    Latitude
    39.3628494

    Nearby Similar for Lease

    • $1,200 /Mo

      Atlantic City Commercial Space ForRent

      Versatile commercial space near the beach and boardwalk in Atlantic City.
      2614 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • $5,000 /Mo

      Atlantic City Storefront For Rent

      Prime commercial storefront in the heart of Atlantic City.
      1626-30 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $1,500 /Mo

      Retail Space in University District

      Corner retail unit in Atlantic City's University District.
      3317 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • Contact for pricing
      13,500 SF

      Atlantic City Office Space Available

      Multi-tenanted office building with high-end finishes and easy access.
      1301 Atlantic Ave, Atlantic City, NJ 08403
      View Details
    • $39,000

      Atlantic City Boardwalk Retail Space

      Retail space available for lease on the legendary Boardwalk.
      3113 Boardwalk Pl, Atlantic City, NJ 08401
      View Details
    • Contact for pricing

      Renovated Second-Floor Atlantic City Rental

      Newly renovated second-floor rental unit in Atlantic City.
      1528 Madison Ave, Atlantic City, NJ 08401
      View Details
    • $1,900 /Mo

      Renovated Corner Office Space Available

      Newly renovated office space in prime Atlantic City location.
      520 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • Contact for pricing
      16,500 SF

      Office/Retail Building in Gordon's Alley

      16,500 SF office/retail building in Atlantic City.
      12 S Virginia Ave, Atlantic City, NJ 08401
      View Details
    • Contact for pricing
      21,000 SF

      Midtown Atlantic City Office/Retail

      Four-story, 21,000 SF building in Midtown Atlantic City.
      7 South Carolina Ave, Atlantic City, NJ 08401
      View Details
    • $10,000 /Mo

      Ventnor Commercial Space For Rent

      New commercial building in Ventnor's North Beach, customizable for various ventures.
      5217 Ventnor Ave, Ventnor, NJ 08406
      View Details
    • $3,750 /Mo

      Ventnor Retail Space For Rent

      Updated corner retail space in Ventnor's North Beach neighborhood.
      5201 Ventnor Ave, Ventnor, NJ 08406
      View Details
    • $900 /Mo

      Ventnor Commercial Space For Rent

      Commercial space available for rent in a great location.
      6427 Ventnor Ave, Ventnor, NJ 08406
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail space in a high-traffic Atlantic City location.
    Where is this storefront property located?
    The property is located at 22 South Pennsylvania Ave Atlantic City, NJ.
    What are key features of this property?
    This property features: - Great location; - Setup for barbershop or salon; - Busy traffic
    (848) 229-1810
    Request Owner's contact information
    22 South Pennsylvania Ave Atlantic City, NJ 08401
    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.
    22 South Pennsylvania Ave
    Atlantic City, NJ 08401
    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    22 South Pennsylvania Ave Atlantic City, NJ 08401
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    PAUL VERDICCHIO
    Real Estate License ID: 0340743
    (848) 229-1810 (732) 396-8000 (732) 910-4707
    Learn more
    Google sign-in failed. Please try again or use another login method.