Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2-6 Chestnut St Pennsville, NJ 08070
    Back to Search
    Property profile & analytics

    2-6 Chestnut St, Pennsville, NJ 08070

    View on Map
    • Office Spaces
    • 2,880 SF
    • 0.20 lot acres
    For Sale
    $399,900
    View Listing →
    2-6 Chestnut St, Pennsville, NJ 08070 For Sale
    $399,900
    2,880 SF

    2-6 Chestnut St, Pennsville, NJ 08070

    Office Spaces

    2-6 Chestnut St, Pennsville, NJ 08070
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2-6 Chestnut St

    Year built
    1972
    Lot size
    0.20 lot acres
    Property type
    Office Spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pennsville
    County
    Salem
    State
    New Jersey
    Longitude
    -75.5211
    Latitude
    39.6536

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      681 Broadway

      Office Spaces
      681 Broadway, Pennsville Township, NJ 08070
      View Details
    • Value Estimation by Request
      0.02 Acres

      2 Chestnut St Unit

      Office Spaces
      2 Chestnut St Unit, Pennsville, NJ 08070
      View Details
    • Value Estimation by Request
      0.20 Acres

      2 Chestnut St Unit

      Office Spaces
      2 Chestnut St Unit, Pennsville, NJ 08070
      View Details
    • Value Estimation by Request

      Broadway

      COMMERCIAL (GENERAL)
      Broadway, Pennsville, NJ 08070
      View Details
    • Value Estimation
      $980,000
      19,564 SF

      183 Broadway

      COMMERCIAL (GENERAL)
      183 Broadway, Pennsville, NJ 08070-1417
      View Details
    • Value Estimation by Request
      1,620 SF

      962 Broadway

      COMMERCIAL (GENERAL)
      962 Broadway, Pennsville, NJ 08070-9641
      View Details

    Similar Nearby for Sale

    • $195,000
      3,000 SF

      Pennsville Office Condo - Great Location!

      3,000 sq ft Office Condo, Prime Location
      681 Broadway Unit, Pennsville, NJ 08070
      View Details
    • Contact for pricing
      0.78 Acres

      Pennsville Office Space - Highway Frontage

      High-traffic location, versatile office space, ample parking.
      285 Broadway, Pennsville, NJ 08070
      View Details
    • $399,900
      2,880 SF

      2-6 Chestnut St, Pennsville, NJ 08070

      Office Spaces
      2-6 Chestnut St, Pennsville, NJ 08070
      View Details
    • $439,000
      3,025 SF

      Pennsville Office Building - Income Producing

      Leased Office Building, Strong Tenant
      364 Broadway, Pennsville, NJ 08070
      View Details
    • Contact for pricing
      0.02 Acres

      2 Chestnut St Unit, Pennsville, NJ 08070

      Office Spaces
      2 Chestnut St Unit, Pennsville, NJ 08070
      View Details
    • Contact for pricing

      Professional Office Condo For Sale

      Professional office condo in Pennsville, accessible to major commuter routes.
      681 S Broadway, Pennsville, NJ 08070
      View Details

    Similar Nearby for Lease

    • $1,350 /Mo
      45,738 SF

      Multi-Use Space For Rent

      Commercial space for rent, close to highways and amenities.
      5 Carroll Ave, Pennsville, NJ 08070
      View Details
    • New
      $1,000 /Mo
      45,738 SF

      High-Visibility Commercial Space for Lease

      Versatile commercial space with high traffic and excellent visibility.
      5 Carroll Ave, Pennsville, NJ 08070
      View Details
    • $700 /Mo

      Pennsville Professional Office Condo Lease

      Professional office condo for lease in Pennsville, New Jersey.
      681 S Broadway, Pennsville, NJ 08070
      View Details
    • $15 SF/Yr

      Professional Office/Medical Space Available

      Professional office/medical space for lease with immediate occupancy.
      390 N Broadway, Pennsville, NJ 08070
      View Details
    • $1,600 /Mo
      8,751 SF

      Pennsville Office Suite For Rent

      Well-maintained office suite in central Pennsville with utilities included.
      2 Chestnut St, Pennsville, NJ 08070
      View Details
    • $750 /Mo
      45,738 SF

      Private Offices For Rent

      Private office spaces available for small businesses and entrepreneurs.
      5 Carroll Ave, Pennsville, NJ 08070
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2-6 Chestnut St
    Pennsville, NJ 08070
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2-6 Chestnut St, Pennsville, NJ, 08070
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!