Mixed-Use Triplex with NNN
For Sale
$545,900
3816 Ventnor Avenue, Atlantic City, NJ 08401
Three-level property combines a leased restaurant space with two residential apartments, including a newly renovated vacant unit.
Property Size4,200 SF
Price / SF$129.98
Days on Market84
Property Features for 3816 Ventnor Avenue
General Information
Standard status
Active
Size
4,200 SF
Property subtype
Multi-family
Additional Details
Floor
Ground
Building Details
Year Built
1925
Buildings
1
Stories
3
Listing Agency:
eXp Realty - Montclair
Listed By:
GLADYS DELUCA
(800) 299-2129
Source:
Actionplusrealty
Added: Jun 8
Changed: Aug 28
Last Checked: Aug 29 at 11:19AM
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 eXp Realty - Montclair
Investment Insights
Based on property information with market context.
Built in 1925, this 4,200-square-foot mixed-use triplex includes a street-level pizza shop and two upper-floor apartments. The commercial space is leased under an NNN structure, while the second-floor apartment is occupied. The third-floor residence has been newly renovated and offers three bedrooms; it is currently vacant and ready for occupancy.
The property is located at 3816 Ventnor Avenue in Atlantic City, NJ, within walking distance of the beach, Boardwalk, casinos, restaurants, shopping, and public transportation. Stockton University is also nearby, adding an established institutional presence to the surrounding area. The combination of a leased commercial component and residential units creates a clearly defined mixed-use configuration for an owner or investor.
The property is located at 3816 Ventnor Avenue in Atlantic City, NJ, within walking distance of the beach, Boardwalk, casinos, restaurants, shopping, and public transportation. Stockton University is also nearby, adding an established institutional presence to the surrounding area. The combination of a leased commercial component and residential units creates a clearly defined mixed-use configuration for an owner or investor.
Key Highlights
- 4,200 SF mixed‑use triplex at 3816 Ventnor Avenue
- Street‑level pizza shop leased under an NNN lease
- Two upper‑floor apartments, including a newly renovated 3‑bedroom unit
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
$47,831
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
8.76%
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%
$956,620
$956.6K
Cap Rate 7%
$683,300
$683.3K
Cap Rate 9%
$531,456
$531.5K
Market Conditions
NOI Build-Up for 4,200 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
$73.1K $17.40/SF
− Vacancy
−$4.8K −$1.13/SF
EGI
$68.3K $16.27/SF
− OpEx
−$20.5K −$4.88/SF
NOI
$47.8K $11.39/SF
Area
Atlantic County, NJ
Vacancy
6.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
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%
$956,620
Cap Rate 7%
$683,300
Cap Rate 9%
$531,456
Alternative Uses
Best Use
Specialty Retail
$928.3K
$812.2K – $1.08M
NOI $64,978 @ 7.0% cap · market cap 11.90%
Second Best
Mixed Use
$891.0K
$779.6K – $1.04M
NOI $62,370 @ 7.0% cap · market cap 11.43%
Theoretical Best
Warehouse
$1.56M
$1.37M – $1.82M
NOI $109,484 @ 7.0% cap · market cap 20.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-level property combines a leased restaurant space with two residential apartments, including a newly renovated vacant unit.
Where is this mixed-use property located?
The property is located at 3816 Ventnor Avenue Atlantic City, NJ.
What is the asking price?
The asking price for this property is $545,900.
What are key features of this property?
This property features: 4,200 SF mixed‑use triplex at 3816 Ventnor Avenue; Street‑level pizza shop leased under an NNN lease; Two upper‑floor apartments, including a newly renovated 3‑bedroom unit
