416 Delilah Rd Pleasantville, NJ 08232
- Commercial real estate
- 9,360 SF
- 1.40 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 416 Delilah Rd
- Year built
- 2019
- Lot size
- 1.40 lot acres
- Property size
- 9,360 SF
- Zone code
- UEZC
- Property type
- Commercial real estate
- APN
- 19 00192-0000-00007
- APU
- 1900192000000007
Description
This exceptional retail property, located at 416 W Delilah Rd in Pleasantville, New Jersey, presents a lucrative investment opportunity. Built in 2019, the 9,200 square foot building sits on a 1.396-acre lot and is zoned UEZC – Urban Enterprise Zone. Currently leased until April 28th, 2024, with five-year lease options, the property generates a substantial annual income of $129,400. The tenant is responsible for property taxes, currently assessed at $59,335 for 2023. The owner's responsibilities include maintaining the roof, awning, and gutters. The asking price is $1,795,000, representing a compelling 7% capitalization rate. This property offers a strong return on investment with a long-term lease in place and a prime location within the vibrant Pleasantville commercial district. The price per square foot is $216.85, reflecting the value and potential of this exceptional retail space. This is a rare opportunity to acquire a high-performing, recently constructed retail building with a proven track record of income generation. The property's strategic location and strong tenant occupancy make it an ideal addition to any investment portfolio. Don't miss this chance to secure a profitable and stable investment in a thriving New Jersey market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,290,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,910,000
- 6.5%
- $2,120,000
- 7%
- $2,125,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,910,000
- Geo Method
- $2,090,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,100,000
- Retail
- $1,575,000
- Mixed-Use
- $2,120,000
- Hospitality
- $1,765,000
- Educational
- $2,170,000
- Residential Income
- $1,585,000
- Energy
- $2,140,000
- Income-Based Land
- $2,085,000
- Food Service
- $1,930,000
Location Insight
- Map
- Local Demand
- City
- Pleasantville
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.5179
- Latitude
- 39.4075
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
