1076 E Chestnut Ave Vineland, NJ 08360
Property profile & analytics
1076 E Chestnut Ave Vineland, NJ 08360
- Commercial real estate
- 11,100 SF
- 1.21 lot acres
Property ID
US59-2143150
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
- Christopher J. Sipala, MSN, CRNP, FHRS / Physician
- Charles T. Leng, MD, FACC / Physician
- Penn Cardiology Vineland / Physician
- Jiten Rana, MD / Physician
- Joshua Liez, MD / Physician
Property Details for 1076 E Chestnut Ave
- Year built
- 1994
- Lot size
- 1.21 lot acres
- Property size
- 11,100 SF
- Zone code
- R-P
- Property type
- Commercial real estate
- APN
- 14 04214-0000-00022
- APU
- 1404214000000022
Description
This exceptional investment opportunity presents a 14,500-square-foot, single-tenant medical office building located at 1076 E Chestnut Ave, Vineland, NJ 08360. The property, situated on 1.21 acres, is 100% occupied by a credit-rated tenant, Penn Cardiology, under a triple-net (NNN) lease expiring June 30, 2032. This represents a substantial remaining lease term of approximately eight years. The building, constructed in 1993 and extensively renovated in 2024, boasts a Class B rating and offers ample parking (4.76 spaces per 1,000 sq ft), recently expanded to 65 spaces. The asking price is $4,000,000, translating to a price per square foot of $275.86. The lease commenced July 1, 2007, and the tenant has demonstrated a long-term commitment, recently renewing their lease. Significant capital improvements exceeding $350,000 were completed by the current owner in 2024, encompassing roof repairs, exterior façade painting, parking lot improvements, and addressing all deferred maintenance. The property benefits from its location within a medical corridor and the tenant's strong financial standing. This is a stabilized investment with a proven track record and significant upside potential. The building is a single-story structure. The lease structure is NNN, with the landlord responsible for roof and structure maintenance.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,785,000
- ML approach
- $2,850,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,875,000
- 6.5%
- $1,730,000
- 7%
- $1,605,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,451,000
- AI Estimate
- $1,585,000
Market price range: $586k - $2.06MMarket price range: $779k - $2.26M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Vineland
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.0088
- Latitude
- 39.4787
- 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
$37,543
$36,100
$1,187,200
$1,223,300
-
$36,100
$1,187,200
$1,223,300
