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Property profile & analytics
OFF-MARKET
Office Units

1102 Chestnut Ave Vineland, NJ 08360

4,184 SF 0.88 ac lot Built 1994
Property ID
US59-2582005
Property summary
AI-generated overview

This meticulously maintained Class A office building, located at 1102 E Chestnut Ave, Vineland, NJ 08360, presents a unique investment opportunity. The 4,184 square foot building sits on a 0.88-acre lot and features a desirable traditional office layout, currently configured as a medical office, but easily adaptable to other professional uses. Built in 1994, this two-story building boasts 24 parking spaces, ensuring ample convenience for staff and clients. The interior comprises nine exam rooms, one operatory room, one lab, four private offices, a business office, a large reception/waiting area, and multiple bathrooms. The second floor offers a large conference room, a manager's office, a kitchen/lunchroom, additional storage, and a bathroom. Recent upgrades include a newer roof (installed 3 years ago), a water heater (4 years old), and two of the three HVAC systems (replaced within the last 4 years). An alarm system enhances security. Currently 100% occupied as a single-tenant property, this presents an immediate return on investment, with the potential for additional income through leasing the upper floor or portions thereof. The property is zoned OP and offers significant flexibility for a variety of professional uses. This is a turnkey operation in a prime location, ready for immediate occupancy or lease. The asking price is $325,000, with a price per square foot of $77.68.

Property profile
Verified
Property type Office Units
Year built 1994
Total area 4,184 SF
Lot 0.88 ac (38,333 SF)
UPID US59-2582005
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Cumberland Obstetrics Association / Organization
  • Posnj Vas MD Physician
  • Vascular Surgeons Medical Clinic Hospital
  • Dr. Eric M. Bonifield, MD Physician
  • Cumberland Obstetrics: Kelly Angel MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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