Property profile

1501 Tilton Rd Northfield, NJ 08225

FOR SALE
Banks
Property ID
US59-2854417
1.79 ac lot
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

First-floor office space within a former bank building provides approximately 6,219 rentable square feet. The interior is finished and includes a large open bullpen area, two offices, a large conference room, a server room, and a kitchenette. The configuration supports office use and is suitable for medical use. The building offers on-site parking and is positioned at a traffic light on the corner of Tilton Road and Zion Road, extending block to block along Tilton Road from Zion Road to Northfield Road, with two driveways providing access from Zion and Northfield Roads. Signage includes available pylon signage for a first-floor tenant and potential for additional building signage. The property provides potential expansion space up to approximately 15,000 square feet. Location-wise, it is approximately 0.75 miles from the Margate Causeway and just over one mile from Garden State Parkway exit 36.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Construction CONCRETE
Lot 1.79 ac (77,972 SF)
Zoning code O-P
APN 18 00095-0000-00038
UPID US59-2854417

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Atm
  • Bank Loan Service
  • Title Company Insurance Agency

Location

1501 Tilton Rd Northfield, NJ 08225
Northfield metro Census 12402 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2015
6 recorded transactions
2019
Price N/A
2015
$1.8M
2008
$559,167
2007
Price N/A
2006
$100
2004
$835,193

Zoning & alternative use

O-P · Northfield, NJ
Zoning description

ghborhood Business District. § 215-156.1 R-B Residential Business District. § 215-157 C-B Commercial Business District. § 215-158 R-C Regional Commercial District. § 215-158.1 C-MF Commercial-Multifamily Zone. § 215-159…

General category UNKNOWN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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