Add Listing
    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

    106 W Landis Ave Vineland, NJ

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a heavily trafficked neighborhood center.

    Type:RETAIL
    Property size:
    2,000 SF
    Lot size:
    2.85 Acres
    Added:
    Jan 31, 2024
    Days on Market:
    791
    Last Refresh:
    Mar 29 at 11:15 pm

    Property Features for 106 W Landis Ave

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    2.85 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 106 W Landis Ave Contact us

    We can help!

    Listing Contact
    Akiva Goldstein
    Akiva Goldstein

    Listing agent Akiva Goldstein

    Listing office MSC Retail - Philadelphia

    Listing date Jan 31, 2024

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of MSC Retail - Philadelphia

    Overview

    Retail Space in Downtown Vineland

    This retail space is located at the intersection of Landis Avenue and NW Avenue in downtown Vineland. The property is situated in a neighborhood center that includes daily needs categories. Located in an Urban Enterprise Zone (UEZ), the property benefits from reduced sales tax, tax-free purchases, and employment incentives.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Papa John's Pizza Restaurant San Blas Bakery ... Bakery El Mercadito la ... Grocery & Convenience Store Dollar General Discount Store Aaron's Rent To Own Electronics & Wireless Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Vineland Shopping Center — 22 Landis Ave, Vineland, NJ 08360
    • Delsea Shopping Center — 189 S Delsea Dr, Vineland, NJ 08360
    • Quick-Tag — Walmart Supercenter, 1070 W Landis Ave, Vineland, NJ 08360
    • Office depot — vineland, nj 08360
    • Coinstar Kiosk - Bitcoin ATM — ShopRite, 1255 W Landis Ave Unit 1, Vineland, NJ 08360

    Location Insight

    • Map
    • Local Demand
    City
    Vineland
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.0346
    Latitude
    39.4867

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space on Landis Avenue

      1246 sq ft retail space in high-traffic Vineland location.
      507 E LANDIS Avenue, VINELAND, NJ 08360
      View Details
    • Contact for pricing

      Move-in Ready Vineland Office Space

      Private office space in Vineland, NJ with utilities included.
      2581 E CHESTNUT Avenue unit: A8, VINELAND, NJ 08361
      View Details
    • Contact for pricing

      Vineland Office Space For Lease

      950 sq ft office space available now in Vineland.
      1180 KARIN Street, VINELAND, NJ 08360
      View Details
    • $10/mo

      Vineland Office Space For Lease

      4,500 SF office space in Vineland's business district.
      1103 S DELSEA Drive, VINELAND, NJ 08360
      View Details
    • Contact for pricing

      Prime Office Space Available

      Over 2,000 sq ft office space in Vineland, NJ.
      1117 E LANDIS Avenue unit: C, VINELAND, NJ 08360
      View Details
    • $12/mo

      Turnkey Restaurant Space Available

      Fully operational restaurant space with high traffic and hotel proximity.
      2160 W LANDIS Avenue, VINELAND, NJ 08360
      View Details
    • Contact for pricing

      Buena Vista Commercial Property

      Commercial property in Buena Vista Township, available for sale or lease.
      614-626 Union Road, Buena Vista Township, NJ 08360
      View Details
    • Contact for pricing

      Vineland Automotive Building for Lease

      3,700 SF former automotive building available for lease.
      147-153 S. Delsea Drive, Vineland, NJ 08360
      View Details
    • $70,000/mo

      Vineland Retail Property For Lease

      Premier retail property available for lease in Vineland, New Jersey.
      3655 South Delsea Drive, Vineland, NJ 08360
      View Details
    • $16/mo

      New Professional Office Space

      Newly constructed office property available for lease.
      1103 West Sherman Avenue, Vineland, NJ 08360
      View Details
    • Contact for pricing

      Retail and Medical Space Available

      Retail/Medical spaces for lease with high traffic and great opportunities.
      3600 East Landis Avenue, Vineland, NJ, 08361
      View Details
    • Contact for pricing

      Vineland Warehouse Distribution Space

      32,000 SF warehouse/distribution space for lease in Vineland, NJ.
      46 North West Avenue, Vineland, NJ 08360
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a heavily trafficked neighborhood center.
    Where is this shopping center located?
    The property is located at 106 W Landis Ave Vineland, NJ.
    What are key features of this property?
    This property features: Located at the heavily trafficked intersection of Landis Avenue and NW Ave.; Located in Urban Enterprise Zone (UEZ); Neighborhood center with many daily needs use categories
    (215) 568-2600
    We can help!
    Listing Contact
    Akiva Goldstein
    Akiva Goldstein
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!