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    520 Pacific Ave Atlantic City, NJ 08401

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    Sponsored
    For Lease
    $1,900 /Mo

    Office/Professional - Atlantic City, NJ

    Days on Market:
    45
    Last Refresh:
    Mar 15 at 12:06 pm

    Property Features for 520 Pacific Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Security features
    Fire Alarm, Fire Sprinkler System, Security Lighting, Security System
    Zoning
    RM3
    Rooms
    Bathroom 1
    Bathrooms
    1
    Parking features
    Off Street
    Interior features
    Display Windows, Fire Sprinkler System, Handicap Features, Restroom, Security System, Smoke/Fire Alarm, Storage
    Exterior features
    Sign, Security Light/System
    Accessibility
    Accessible Approach with Ramp

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1988
    Floors in Building
    1
    Flooring type
    Carpet

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    Listing Contact
    GERARD (Jerry) BARKER

    WEICHERT REALTORS ASBURY GROUP-AC (609) 344-6200

    Listing agent GERARD (Jerry) BARKER (609) 344-6200 License #0566410

    Listing date Jan 29, 2026

    MLS# 591840 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

    Renovated Corner Office Space Available

    This newly renovated corner office space, available for occupancy in March 2025, is situated at the base of Bella Luxury Condos at the corner of S. Congress and Pacific Avenues. The location is along the city's main commercial corridor, directly in front of the Ocean Resort Casino Hotel, one block from Showboat and America's Largest Indoor Water Park, two blocks from the Steel Pier and Hard Rock Hotel and Casino, and four blocks from Margaritaville & Resorts Hotel and Casino. The Absecon Lighthouse is two blocks away, and the beach and boardwalk are half a block away. The adjoining commercial space is occupied by Weichert Realtors. Public transportation is readily accessible on Pacific Avenue, and the AC Inlet and Marina district, including casinos like Borgata, MGM, Water Club, Harrahs, and Golden Nugget, as well as Gardners Basin and the AC Aquarium, are within a two-minute drive. The space features two separate front door entrances, one back entrance into the Bella, five large windows along Pacific Avenue, two back doors, two private offices, and two restrooms. Security and fire suppression systems are in place. Bella offers 24/7 security/concierge, onsite mail services, and dry cleaning services. CAM is included, and tenants are responsible for their own electric. Parking spaces are available for purchase in the parking lot across the street. A conference room can be shared with the Weichert Real Estate Office if needed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ørsted Sustainability Organization localSTR Property Management Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4165116
    Latitude
    39.3647372

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    FAQs

    What type of property is this?
    Office units - Newly renovated office space in prime Atlantic City location.
    Where is this office units located?
    The property is located at 520 Pacific Ave Atlantic City, NJ.
    What is the lease rate?
    The lease rate is $1,900 /Mo.
    What are key features of this property?
    This property features: - Prime location on the main commercial corridor, directly in front of Ocean Resort Casino Hotel and close to numerous casinos, attractions, and the beach/boardwalk.; - Newly renovated corner office space available for occupancy in March 2025.; - Two separate front entrances, a back entrance into Bella Luxury Condos, five large windows, and two private offices.
    (609) 481-7745
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    520 Pacific Ave Atlantic City, NJ 08401
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    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
    520 Pacific Ave Atlantic City, NJ 08401
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    We can help!
    Listing Contact
    GERARD (Jerry) BARKER
    Real Estate License ID: 0566410
    (609) 481-7745 (609) 344-6200
    Learn more
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