Property profile

2425 Fairmount Ave Atlantic City, NJ 08401

OFF-MARKET
Commercial real estate
Property ID
US59-0536182
2,916 SF 0.05 ac lot Built 1950
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction BRICK
Total area 2,916 SF
Lot 0.05 ac (2,362 SF)
Zoning code MCRD
APN 02 00388-0000-00015
UPID US59-0536182

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

2425 Fairmount Ave Atlantic City, NJ 08401-4027
Atlantic City metro Census 2300 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$200k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$200k

Owner & transaction history

since 2024
Last sale
$200,000
5 recorded transactions
2024
$200,000
2016
Price N/A
2001
$150,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MCRD · Atlantic City, NJ
Zoning description

The Mixed Use Recreation District has been established to integrate residential, commercial, cultural, transportation and transient oriented uses. Water-based uses that provide alternative modes of transportation to othe…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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