108 Jimmie Leeds Rd Galloway, NJ 08205-9410
- Commercial real estate
- 0.50 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 108 Jimmie Leeds Rd
- Year built
- 1971
- Construction
- FRAME
- Lot size
- 0.50 lot acres
- Zone code
- R-1
- Property type
- Commercial real estate
- APN
- 11 00634-0000-00012
- APU
- 1100634000000012
Description
This exceptional investment opportunity presents a single-tenant warehouse located at 108 W Jimmie Leeds Road in Atlantic County. The property boasts a total building size of one square foot, spread across two stories within a single building. The building's functionality is ideally suited for a variety of small-scale industrial or retail uses, given its unique footprint. The entire space is currently vacant, presenting a blank canvas for an immediate tenant or an owner-occupier. The property is offered at an asking price of $20 per square foot, triple net (NNN). This means the tenant is responsible for property taxes, building insurance, and common area maintenance, making it an attractive proposition for investors seeking a low-maintenance, high-return investment. The single-tenant occupancy simplifies management and minimizes potential tenant-related complexities. The strategic location in Atlantic County offers convenient access to major transportation routes and a growing market, further enhancing its investment potential. This unique property is perfect for a business seeking a small, efficient space or an investor looking for a straightforward, low-risk opportunity. Serious inquiries are encouraged to explore this exceptional offering. Further details are available upon request.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $415,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $395,000
- 7%
- $370,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $335,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $310,000
- Retail
- $330,000
- Mixed-Use
- $410,000
- Hospitality
- $310,000
- Educational
- $345,000
- Residential Income
- $335,000
- Energy
- $355,000
- Income-Based Land
- $345,000
- Food Service
- $410,000
Location Insight
- Map
- Local Demand
- City
- Galloway
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.5482
- Latitude
- 39.4773
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA