Three-Unit Mixed-Use
New
For Sale
$850,000
5101 Ventnor Avenue, Ventnor, NJ 08406
Includes one commercial unit and two apartments with separate electric and gas meters.
Property Size4,500 SF
Price / SF$188.89
Days on Market2
Property Features for 5101 Ventnor Avenue
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Multi-Family
Listing Agency:
Balsley/Losco
Listed By:
Ben Kruse
(609) 204-7891
Source:
Choosekruse
Added: Sep 11
Last Checked: Sep 12 at 7:08AM
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 Balsley/Losco
Investment Insights
Based on property information with market context.
Located at 5101 Ventnor Avenue in Ventnor, New Jersey, this 4,500 SF mixed-use building contains three separately metered units. The property includes one commercial space plus two apartments, each configured with two bedrooms and one bathroom.
One apartment is vacant, providing flexibility for an owner-user, renovation, or leasing strategy. Electric and gas service are separately metered for all three units. A profit-and-loss statement is available to qualified buyers, and the property is offered for sale.
One apartment is vacant, providing flexibility for an owner-user, renovation, or leasing strategy. Electric and gas service are separately metered for all three units. A profit-and-loss statement is available to qualified buyers, and the property is offered for sale.
Key Highlights
- 4,500 SF mixed‑use building at 5101 Ventnor Avenue, Ventnor, NJ 08406
- Three‑unit configuration with one commercial space and two 2‑bedroom/1‑bath apartments
- One apartment is currently vacant
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
$66,825
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
7.86%
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%
$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
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
$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 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%
$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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes one commercial unit and two apartments with separate electric and gas meters.
Where is this mixed-use property located?
The property is located at 5101 Ventnor Avenue Ventnor, 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: 4,500 SF mixed‑use building at 5101 Ventnor Avenue, Ventnor, NJ 08406; Three‑unit configuration with one commercial space and two 2‑bedroom/1‑bath apartments; One apartment is currently vacant
