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Property profile & analytics
OFF-MARKET Estimated value $920,000
Commercial real estate

160 Pitney Rd Galloway, NJ 08205-9643

0.5 ac lot Built 2010
Individually Owned 17-yr Hold ~ Est. High Equity
Property ID
US59-2137294
Property summary
AI-generated overview

This exceptional two-story, 6,000 square foot executive office building presents a compelling investment opportunity. Located at 160 S Pitney Rd, Absecon, NJ 08205, this fully occupied property boasts five individual suites, each benefiting from individually metered electric and gas. The building's layout is well-suited to the local market, featuring two approximately 900 square foot suites and one approximately 1,800 square foot suite on the first floor, and two approximately 1,200 square foot suites on the second floor, accessible via an elevator and central stairwell. Constructed in 2010 and under the same ownership since completion, this meticulously maintained building enjoys a stable tenant base, reflecting its strong management and desirable location. Situated on a 0.5-acre lot at a signalized intersection, it offers convenient access, being only 1.8 miles from the Garden State Parkway. The property is zoned CVC and offers a stabilized investment with an asking price of $975,000 ($162.50 per square foot). Detailed financial information, including a rent roll, is available upon request. This is a rare opportunity to acquire a high-performing, fully occupied office building in a prime location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2010
Lot 0.5 ac (21,780 SF)
Zoning code CVC
APN 11 00996-0000-00001
UPID US59-2137294
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
  • Rite Fit Realty llc Real Estate Agency
  • Comfort Keepers Home Care Home Health Care Service Home Help
  • Morowitz Gaming Advisors Consultant
  • Community Health Law Project Social Service Agency Charitable Organization
  • Epps Law Firm Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$940k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$920k
Owner & transaction history
T Builders · 17 yrs held
T Builders
since 2008
Last sale
$912,000
1 recorded transaction
2008
Price N/A
Zoning & alternative use
CVC · Galloway, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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