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    1076 E Chestnut Ave Vineland, NJ 08360

    For Sale
    $4,003,754

    14,500 SF medical office 100% leased to Penn Cardiology.

    Property size:
    14,774 SF
    Lot size:
    1.22 Acres

    Property Features for 1076 E Chestnut Ave

    General Information

    Size
    14,774 SF
    Lot size
    1.22 Acres

    Source: Avison Young | Philadelphia Agent Adam Gillespie

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

    Overview

    Vineland Medical Office Investment Opportunity

    The property located at 1076 E. Chestnut Avenue in Vineland, NJ, is a 14,500 square foot medical office building situated on 1.21 acres. The building is 100% leased to Penn Cardiology through June 2032, at a rental rate of $19.50 per square foot NNN, which is considered below market. Penn Cardiology has been a tenant in the building since 2007 and recently renewed their lease for an additional eight years. The property is located in a medical corridor with high visibility and traffic counts exceeding 15,000 vehicles per day. The surrounding area includes pediatric, obstetric, and endodontic practices, serving a population of over 126,000 within a 10-mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Christopher J. Sipala, ... Cardiologist Charles T. Leng, ... Cardiologist Penn Cardiology Vineland Cardiologist Jiten Rana, MD Cardiologist Joshua Liez, MD Cardiologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Similar Places Nearby

    All Pets Veterinary Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Vineland
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.0088249
    Latitude
    39.4783279

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    FAQs

    What type of property is this?
    Medical office - 14,500 SF medical office 100% leased to Penn Cardiology.
    Where is this medical office located?
    The property is located at 1076 E Chestnut Ave Vineland, NJ.
    What is the asking price?
    The asking price for this property is $4,003,754.
    What are key features of this property?
    This property features: - 100% leased to Penn Cardiology, a stable tenant, through June 2032; - Long-term tenant: Penn Cardiology has occupied the building since 2007; - Located in a high-visibility medical corridor with over 15,000 vehicles per day
    (215) 384-6040
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    Realmo Value Estimation

    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.

    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.

    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
    1076 E Chestnut Ave Vineland, NJ 08360
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