1020 Landis Ave Vineland, NJ 08360-3422
Property profile & analytics
1020 Landis Ave Vineland, NJ 08360-3422
- Commercial real estate
- 3.41 lot acres
Property ID
US59-1109935
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.
Location Intelligence
Current Use by Public Records
- The Mattress Factory / Furniture & Home Goods / Home Decor Store
Property Details for 1020 Landis Ave
- Year built
- 1968
- Construction
- CONCRETE BLOCKS
- Lot size
- 3.41 lot acres
- Zone code
- B-3
- Property type
- Commercial real estate
- APN
- 14 02707-0000-00014
- APU
- 1402707000000014
Description
This exceptional investment opportunity presents a fee-simple interest in a 12,000 square foot single-tenant retail property leased to Mattress Warehouse in Vineland, New Jersey. Located at 1020 W Landis Ave, this 3.28-acre property boasts a prime location adjacent to a Walmart Supercenter and other high-performing retailers. The property benefits from excellent visibility on Landis Ave (17,900 vehicles per day), a major thoroughfare, and proximity to State Route 55 (48,200 vehicles per day). The current lease, commencing January 2025, is a 10-year Net Lease with a corporate guarantee from Mattress Warehouse, LLC, and includes three, five-year renewal options. Rent increases by 10% every five years. Built in 1968 and renovated in 2013, the single-story building offers a strong 6.50% cap rate with a current NOI of $150,000 and an asking price of $2,308,000. The lease's below-market rent and low basis contribute to this compelling investment. The surrounding area demonstrates strong retail performance, with nearby businesses ranking highly in their respective chains according to Placer.ai data. This property offers a secure, high-growth investment opportunity with a long-term tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,005,000
- ML approach
- $2,065,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vineland
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.0449
- Latitude
- 39.4882
- CBSA code
- 47220
- CBSA name
- VINELAND-MILLVILLE-BRIDGETON, 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
$15,038
$251,500
$178,500
$430,000
-
$251,500
$178,500
$430,000
