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Property profile & analytics
OFF-MARKET Estimated value $570,000
Commercial real estate

115 Philadelphia Ave Egg Harbor City, NJ 08215-1200

14,596 SF 0.28 ac lot Built 1890
Entity Owned 1-yr Hold Free & Clear
Property ID
US59-1059007
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1890
Construction FRAME
Total area 14,596 SF
Lot 0.28 ac (12,149 SF)
Zoning code R-C
APN 07 00206-0000-00026- 02
UPID US59-1059007
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
$484k
Blend (final) Blend
$570k
Owner & transaction history
Rasik II LLC · 1 yrs held
Rasik II LLC
since 2024
2 recorded transactions
2024
Price N/A
2024
Price N/A
Zoning & alternative use
R-C · Egg Harbor City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Class 5 cannabis retailer license for locations at which cannabis items and related supplies are sold to consumers, shall be a conditional use in the Retail Commercial (RC) zone and the Highway Commercial (HC) zone. Only one establishment is permitted in the RC zone and one establishment in the HC zone. (f) Class 6 cannabis delivery license, for businesses p…

Zone name Retail Commercial
General category COMMERCIAL
Zone area 49.36 ac
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