Bayfront Mixed-Use
New
For Sale
$479,900
3805 Ventnor Ave, Atlantic City, NJ 08401
MULTI-FAMILY, Atlantic City, NJ
Property Size4,284 SF
Price / SF$112.02
Days on Market3
Property Features for 3805 Ventnor Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Offsite
Patio and Porch features
Deck
Exterior features
Bay View, Deck
Lot features
Bay Front, Lagoon Front
Directions
3805 ventnor
Subdivision
Atlantic City
Standard status
Active
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14655
Utilities
Sewer type
Public Sewer
Heating system
Baseboard, Natural Gas
Cooling system
Central Air
Water source
Public
Water front
1
Building Details
Number of units
2
Listing Agency:
Keller Williams Realty Jersey Shore - Ocean City
(609) 399-5454
Listed By:
JAMES BOYLE JR · License #0019224
(609) 226-0678
Added: Aug 19
Last Checked: Aug 21 at 9:06PM
MLS# 611014
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.
Investment Insights
Based on property information with market context.
This 4,284-square-foot mixed-use building includes an operating dental office and a three-bedroom, one-and-a-half-bath apartment. The residential unit occupies the upper level and includes a deck with water views. The property is tenant occupied and benefits from natural-gas baseboard heat, central air conditioning, public water, and public sewer.
Located at 3805 Ventnor Ave in Atlantic City, the building is near public transportation, the boardwalk, beaches, restaurants, bars, entertainment, and Stockton campus. Offsite parking is listed among the property features.
Located at 3805 Ventnor Ave in Atlantic City, the building is near public transportation, the boardwalk, beaches, restaurants, bars, entertainment, and Stockton campus. Offsite parking is listed among the property features.
Key Highlights
- 4,284‑square‑foot mixed‑use bayfront building
- Operating dental office included in the commercial component
- Upper‑level 3BR/1.5BA apartment with a water‑view deck
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,882
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$857,640
$857.6K
Cap Rate 7%
$612,600
$612.6K
Cap Rate 9%
$476,467
$476.5K
Market Conditions
NOI Build-Up for 4,284 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$82.8K $19.32/SF
− Vacancy
−$4.8K −$1.12/SF
EGI
$78.0K $18.20/SF
− OpEx
−$35.1K −$8.19/SF
NOI
$42.9K $10.01/SF
Area
Atlantic County, NJ
Vacancy
5.80%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$857,640
Cap Rate 7%
$612,600
Cap Rate 9%
$476,467
Alternative Uses
Best Use
Mixed Use
$908.8K
$795.2K – $1.06M
NOI $63,617 @ 7.0% cap · market cap 13.26%
Second Best
Office B
$896.6K
$784.6K – $1.05M
NOI $62,765 @ 7.0% cap · market cap 13.08%
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.86M
NOI $111,673 @ 7.0% cap · market cap 23.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,008
Businesses Nearby
Explore this area
Business Placement
Demographics for 08401, NJ
38,536
Population
20,116
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
76%
High-School Grad
10.7 sq mi
ZIP Area
3,601
Density / Sq Mi
$36,375
Median Household Income
$28,915
Median Earnings
$1,086
Median Rent
$189,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property combines an open dental office with an upper-level apartment and water-facing deck.
Where is this mixed-use property located?
The property is located at 3805 Ventnor Ave Atlantic City, NJ.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: 4,284‑square‑foot mixed‑use bayfront building; Operating dental office included in the commercial component; Upper‑level 3BR/1.5BA apartment with a water‑view deck
