1413 Cantillon Blvd, Mays Landing, NJ 08330-2058
- Commercial real estate
- 12,000 SF
- 2.02 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1413 Cantillon Blvd
- Year built
- 1990
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.02 lot acres
- Zone code
- IBP
- Property type
- Commercial real estate
- APN
- 12 00991-0000-00021
- APU
- 1200991000000021
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 29, 2025 | $1,750,000 | Lm 1413 LLC | Seabrook Housing Corporation | Deed | — |
| May 24, 2018 | — | Seabrook Housing Corporation | — | Deed · related | $1M · First National Bank Elmer |
| Mar 16, 2004 | $1,395,000 | Seabrook Housing Corp | Bellevue Props Grp Cantillon B | Grant Deed | $1.1M · First National Bank Elmer |
| Feb 10, 2003 | $1,100,000 | Bellevue Properties Group 700 | Cantillion Associates LP | Grant Deed | $880k · Minotola National Bank |
| Feb 10, 2003 | — | Bellevue Properties Group 700 | Cantillion Associates LP | Quit Claim Deed · related | — |
| — | — | Seabrook Housing Corp | — | Deed Of Trust · related | $920k · Harvest Community Bank |
Description
This fee-simple office building, located at 1413 Cantillon Blvd in Hamilton, New Jersey, presents a compelling investment opportunity. The 12,000-square-foot property sits on a 2.02-acre lot and boasts 54 parking spaces. Currently 100% occupied by Cape Atlantic INK, a publicly funded non-profit organization, under a single-tenant lease with a remaining term of 8.1 years, expiring December 31, 2032. The lease features a built-in 3% annual rent increase, ensuring consistent income growth. Built in 1990, this one-story building offers a strong net operating income (NOI) of $162,699, resulting in an attractive 9% capitalization rate. The asking price is $1,810,000, translating to $151 per square foot. The property enjoys a prime location within the Hamilton Business Park, near major roadways including Route 40, Route 322, and Interstate 195 (Atlantic City Expressway), and is conveniently situated near Atlantic City Airport, Stockton University, and the resort towns of Atlantic City and Ocean City. Neighboring businesses include Pepsi Bottling Company and Stroehmann Bakeries. This is an exceptional opportunity to acquire a stable, income-producing asset with significant long-term potential.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,607,000
- AI Estimate
- $1,418,000
Market price range: $720k - $2.21MMarket price range: $640k - $2.00M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,440,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $1,515,000 Change: +5% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $1,230,000 Change: -14% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Mays Landing
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.7073
- Latitude
- 39.4418
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
