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    Property profile & analytics

    1361 Chestnut Ave Vineland, NJ 08361

    • Commercial real estate
    • 0.48 lot acres
    For Sale
    View listing
    $985,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1105144
    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 1361 Chestnut Ave

    Year built
    1997
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.48 lot acres
    Zone code
    R-4
    Property type
    Commercial real estate
    APN
    14 04305-0000-00001
    APU
    1404305000000001

    Description

    This exceptional 1,102 square foot gas station property, situated on a 0.48-acre lot in East Vineland, New Jersey, presents a compelling investment opportunity. Located at 1361 East Chestnut Avenue, this NNN-leased retail site boasts a premier corner location with superior visibility and high traffic counts. Over 30,000 vehicles daily traverse this signalized intersection, providing significant exposure for any business. The property features over 200 feet of frontage on East Chestnut Avenue and 140 feet along South Main Road. Its strategic location offers easy access to major highways, Routes 55 and 40, and is in close proximity to the Cumberland Mall and other key retail destinations, including the Maintree Shopping Center, TD Bank, and CVS Pharmacy. The existing infrastructure includes a 1,102 square foot building/convenience store, four pump islands with four MPDs, three 10,000-gallon double-wall steel USTs (installed in 1997), a CRIND system, and a Veeder-Root system. This property is ideal for a variety of professional and retail uses, making it an attractive investment for discerning buyers. The asking price is $985,000. The property's address is 1361 East Chestnut Avenue, Vineland, NJ 08361.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vineland
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.001
    Latitude
    39.4775
    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
    $13,811
    $400,000
    $50,000
    $450,000
    -
    $400,000
    $50,000
    $450,000

    Comparable in this City

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      4281 Lincoln Ave

      COMMERCIAL (GENERAL) • 1,581 SF
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      View Details
    • Value Estimation
      $575,000
      0.88 Acres

      2505 Chestnut Ave

      COMMERCIAL (GENERAL) • 0.88 Acres
      2505 Chestnut Ave, Vineland, NJ 08361-8450
      View Details
    • Value Estimation
      $315,000
      0.65 Acres

      1915 Chestnut Ave

      COMMERCIAL (GENERAL) • 0.65 Acres
      1915 Chestnut Ave, Vineland, NJ 08361-8402
      View Details
    • Value Estimation
      $285,000
      2.07 Acres

      2815 Chestnut Ave

      COMMERCIAL (GENERAL) • 2.07 Acres
      2815 Chestnut Ave, Vineland, NJ 08361-8466
      View Details
    • Value Estimation
      $270,000
      2.00 Acres

      1267 Elmer Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      1267 Elmer Rd, Vineland, NJ 08361-6564
      View Details
    • Value Estimation
      $285,000
      3,480 SF

      3377 Lincoln Ave

      COMMERCIAL (GENERAL) • 3,480 SF
      3377 Lincoln Ave, Vineland, NJ 08361-7711
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Land For Sale, Vineland, NJ

      Vacant land available in Vineland, New Jersey.
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      Vineland Retail Redevelopment Opportunity

      High-traffic retail site, redevelopment potential.
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    Similar Nearby for Lease

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      Vineland, NJ Office Space For Lease

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      12.48 Acres Prime Development Land

      12.48 acres of land ideal for ground leases.
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      View Details
    • $800 /Mo
      58,370 SF

      Move-in Ready Vineland Office Space

      Private office space in Vineland, NJ with utilities included.
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      View Details
    • $9 SF/Yr
      9,000 SF

      Vineland Office Suites Available

      9,000 SF Office Building, Move-In Ready
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      View Details
    • Contact for pricing
      10,840 SF

      Restaurant Space with Liquor License

      Fully operational restaurant with bar and liquor license available.
      2196 W Landis Ave, Vineland, NJ 08361
      View Details
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    1361 Chestnut Ave
    Vineland, NJ 08361
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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