Three-Unit Mixed-Use
For Sale
$850,000
5101 VENTNOR AVENUE, Ventnor City, NJ 08406
Individual gas and electric meters serve each commercial and residential space.
Property Size4,500 SF
Price / SF$188.89
Days on Market13
Property Features for 5101 VENTNOR AVENUE
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Triplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1920
Buildings
1
Tenancy
Multi
Listing Agency:
Levin Commercial Real Estate, LLC.
Listed By:
Joshua Levin · License #9235858
(609) 344-5200
Source:
Cummingsrealtors
Added: Sep 24
Changed: Oct 6
Last Checked: Oct 5 at 6:10PM
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 Levin Commercial Real Estate, LLC.
Investment Insights
Based on property information with market context.
Built in 1920, this 4,500-square-foot mixed-use property contains one commercial space and two apartments, each configured with two bedrooms and one bathroom. One apartment is vacant. Each of the three units has separate electric and gas meters.
Key Highlights
- Three‑unit building with one commercial space and two apartments
- Two apartments, each with 2 bedrooms and 1 bathroom
- One apartment is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,825
Cap Rate
7.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,336,500
$1.3M
Cap Rate 7%
$954,643
$954.6K
Cap Rate 9%
$742,500
$742.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$121.5K $27.00/SF
− Vacancy
−$14.6K −$3.24/SF
EGI
$106.9K $23.76/SF
− OpEx
−$40.1K −$8.91/SF
NOI
$66.8K $14.85/SF
Area
Atlantic County, NJ
Vacancy
12.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,336,500
Cap Rate 7%
$954,643
Cap Rate 9%
$742,500
Alternative Uses
Best Use
Mixed Use
$954.6K
$835.3K – $1.11M
NOI $66,825 @ 7.0% cap · market cap 7.86%
Second Best
Apartment 5plus
$643.5K
$563.1K – $750.7K
NOI $45,044 @ 7.0% cap · market cap 5.30%
Theoretical Best
Warehouse
$1.68M
$1.47M – $1.96M
NOI $117,304 @ 7.0% cap · market cap 13.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
605
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 72%
Shops & Services 28%
Dunkin' Donuts
Dining
4,755 visits/mo
0.3 miles
Dollar General
Shops & Services
1,824 visits/mo
0.3 miles
Demographics for 08406, NJ
9,188
Population
7,772
Households
1.2
Avg Household Size
51
Median Age
38%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
4,594
Density / Sq Mi
$75,034
Median Household Income
$51,057
Median Earnings
$1,460
Median Rent
$345,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Individual gas and electric meters serve each commercial and residential space.
Where is this mixed-use property located?
The property is located at 5101 VENTNOR AVENUE Ventnor City, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Three‑unit building with one commercial space and two apartments; Two apartments, each with 2 bedrooms and 1 bathroom; One apartment is vacant
