Retail Space For
For Sale
Contact for pricing
416 W Delilah Rd, Pleasantville, NJ 08232
Retail space built in 2019, leased until 4/28.
Property Size9,200 SF
Price / SF$184.67
Days on Market881
Property Features for 416 W Delilah Rd
General Information
Standard status
Active
Size
9,200 SF
Property subtype
Retail
Zoning
UEZC – Urban Enterprise Zone Re Taxes (2023): $59,335
Building Details
Year Built
2019
Listing Agency:
Bonanni Realtors
Listed By:
Jamie Walter · License #NJ 9909570
(609) 586-4300
Source:
Crexi
Added: May 18, 2024
Changed: Oct 2
Last Checked: Oct 12 at 8:43PM
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 Bonanni Realtors
Investment Insights
Based on property information with market context.
This retail space, constructed in 2019, offers approximately 9,180 square feet. The property is currently leased until April 28th, with five-year options available thereafter. The current annual income from the lease is $129,400. The tenant is responsible for taxes, while the owner is responsible for the roof, awning, and gutters. The property was built in 2017.
Key Highlights
- High Annual Income: Generates $129,400 annually from a lease.
- Strong Cap Rate: Offers a desirable 7% capitalization rate.
- Tenant Pays Taxes: Benefit from a lease structure where the tenant handles property taxes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,389
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,780
$1.8M
Cap Rate 7%
$1,262,700
$1.3M
Cap Rate 9%
$982,100
$982.1K
Market Conditions
NOI Build-Up for 9,200 SF
Gross rent
$138.0K $15.00/SF
− Vacancy
−$11.7K −$1.28/SF
EGI
$126.3K $13.73/SF
− OpEx
−$37.9K −$4.12/SF
NOI
$88.4K $9.61/SF
Area
Atlantic County, NJ
Vacancy
8.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,767,780
Cap Rate 7%
$1,262,700
Cap Rate 9%
$982,100
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,389 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.43M
$3.00M – $4.00M
NOI $239,821 @ 7.0% cap · market cap 14.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 08232, NJ
19,897
Population
7,136
Households
2.8
Avg Household Size
37
Median Age
11%
College-Educated
73%
High-School Grad
5.9 sq mi
ZIP Area
3,372
Density / Sq Mi
$52,476
Median Household Income
$30,661
Median Earnings
$1,210
Median Rent
$179,900
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space built in 2019, leased until 4/28.
Where is this retail space located?
The property is located at 416 W Delilah Rd Pleasantville, NJ.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: High Annual Income: Generates $129,400 annually from a lease.; Strong Cap Rate: Offers a desirable 7% capitalization rate.; Tenant Pays Taxes: Benefit from a lease structure where the tenant handles property taxes.
