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Property profile & analytics

351 Wheat Rd Vineland, NJ 08360

  • Commercial real estate
  • 0.90 lot acres
Value Estimation
Location Intelligence
Property ID
US59-3152371
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 351 Wheat Rd

Construction
BRICK
Lot size
0.90 lot acres
Property type
Commercial real estate
APN
04 00207-0000-00026
APU
400207000000026

Description

This exceptional investment opportunity presents a fully operational six-bay car wash situated on a 0.9-acre lot in Vineland, NJ, at 351 Wheat Road. The car wash boasts five self-service bays and one automated touchless bay, equipped with seven vacuum units and convenient vending machines. A dedicated storage and mechanical room ensures efficient operation, complemented by a half bath for staff and customer use. The property features newly installed asphalt paving and is secured with perimeter fencing, enhancing both aesthetics and security. An integrated alarm system further safeguards the premises. Beyond the immediate car wash operation, this property offers significant future development potential. The additional 8.64 acres of land are zoned I-1, allowing for a variety of industrial or commercial uses, presenting a unique opportunity for expansion or diversification. The 2,100 square foot main building houses the car wash operation and related amenities. This turnkey business, with its established revenue stream and expansive land, represents a compelling investment opportunity in a growing market. The property's strategic location and versatile zoning make it an ideal choice for both established businesses and forward-thinking investors seeking substantial returns. The combination of a profitable existing business and significant undeveloped land provides a rare opportunity for immediate income and long-term growth. The asking price is $650,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $260,000
  • CAP approach

    CAP return
    Estimation
    6%
    $230,000
    6.5%
    $260,000
    7%
    $255,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $255,000
    Geo Method
    $230,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $205,000
    Retail
    $265,000
    Mixed-Use
    $250,000
    Hospitality
    $260,000
    Educational
    $255,000
    Residential Income
    $240,000
    Energy
    $220,000
    Income-Based Land
    $255,000
    Food Service
    $255,000

Location Insight

  • Map
  • Local Demand
City
Vineland
County
Atlantic
State
New Jersey
Longitude
-74.9657
Latitude
39.5105
CBSA code
12100
CBSA name
ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$6,205
$88,800
$96,200
$185,000
-
$88,800
$96,200
$185,000
More about this property
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