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Property profile & analytics

108 Jimmie Leeds Rd Galloway, NJ 08205-9410

  • Commercial real estate
  • 0.50 lot acres
OFF-MARKET
Value Estimation
$400,000
Last Sale
Nov 22, 2024
$415,000
Location Intelligence
Property ID
US59-1739878
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 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

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

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
$5,507
$108,500
$63,000
$171,500
-
$108,500
$63,000
$171,500
More about this property
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