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Property profile & analytics

2431 Fairmount Ave Atlantic City, NJ 08401

  • Commercial real estate
  • 2,308 SF
  • 0.11 lot acres
Value Estimation
Location Intelligence
Property ID
US59-1456983
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 2431 Fairmount Ave

Year built
1920
Construction
METAL FRAME
Lot size
0.11 lot acres
Property size
2,308 SF
Zone code
MCRD
Property type
Commercial real estate
APN
02 00385-0000-00004
APU
200385000000004

Description

This exceptional commercial property, located at 2431 Fairmount Avenue in Atlantic City, New Jersey, 08401, presents a unique investment opportunity. The 2,800 square foot building offers a versatile layout, currently configured as a warehouse and office space, ideal for a variety of uses. Features include a reception desk, ample space for indoor operations, and secure gated outdoor parking accommodating eight or more vehicles. This makes it particularly well-suited for businesses requiring storage, distribution, or fleet management capabilities. Its strategic location provides easy access to major transportation arteries, including the Atlantic City Expressway and the Brigantine Connector Tunnel, ensuring convenient logistics and accessibility for clients and employees. The building also includes essential amenities such as bathroom facilities and gas heating. The property's zoning allows for a range of commercial uses, making it an attractive option for entrepreneurs and investors seeking a well-located and functional space in a thriving Atlantic City market. The asking price is $378,000. This property is ready for immediate occupancy and offers significant potential for growth and return on investment.

Value Estimation

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

    CAP return
    Estimation
    Estimation
    $285,000
  • CAP approach

    CAP return
    Estimation
    6%
    $430,000
    6.5%
    $410,000
    7%
    $405,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $435,000
    Geo Method
    $395,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $380,000
    Retail
    $420,000
    Mixed-Use
    $355,000
    Hospitality
    $355,000
    Educational
    $325,000
    Residential Income
    $420,000
    Energy
    $400,000
    Income-Based Land
    $370,000
    Food Service
    $350,000

Location Insight

  • Map
  • Local Demand
City
Atlantic City
County
Atlantic
State
New Jersey
Longitude
-74.4437
Latitude
39.3596
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
$5,288
$85,800
$54,200
$140,000
-
$85,800
$54,200
$140,000
More about this property
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