Property profile

1022 Spruce St Vineland, NJ 08360

OFF-MARKET
Industrial properties
Property ID
US59-0055621
18.18 ac lot Built 1997
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This expansive 18.18-acre lot at 1022 Spruce Street, Vineland, NJ, presents a unique opportunity for entrepreneurs and organizations seeking a substantial commercial space. The property boasts a generous 3,200 square feet of versatile interior space, perfect for a wide array of business ventures. High ceilings and an open floor plan offer exceptional flexibility in design and layout, allowing for customization to suit specific operational needs. Whether envisioning a creative studio, retail establishment, office complex, or community hub, this property provides the canvas for your vision. The property is being offered as-is, requiring the tenant to secure all necessary permits and approvals from the city and property owner. Prospective tenants are responsible for conducting thorough due diligence regarding operational requirements and undertaking any necessary interior renovations to tailor the space to their specific business needs. The substantial lot size offers ample potential for future expansion or outdoor amenities. This is an exceptional opportunity to establish a thriving business in a well-located property. The asking price is to be determined.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1997
Construction CONCRETE BLOCKS
Lot 18.18 ac (791,921 SF)
Zoning code I-2
APN 14 02302-0000-00012
UPID US59-0055621

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Supply Store
  • Industrial Manufacturer Production Facility
  • Industrial Manufacturer
  • Production Facility
  • Production Facility

Location

1022 Spruce St Vineland, NJ 08360-2841
Vineland metro Census 40400 VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$395k

Owner & transaction history

since 2016
3 recorded transactions
2017
Price N/A
2016
$1.3M
2005
$100

Zoning & alternative use

I-2 · Vineland, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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