Technical
Financial
Distress signals
Property profile

160 Pitney Rd Galloway, NJ 08205

OFF-MARKET
Commercial real estate
Property ID
US59-2137294
0.5 ac lot Built 2010
Individually Owned 18-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Home Health Care Service Home Help
  • Consultant
  • Social Service Agency Charitable Organization
  • Law Firm

Location

160 Pitney Rd Galloway, NJ 08205-9643
Galloway metro Census 10501 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$940k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k

Owner & transaction history

since 2008
Last sale
$912,000
1 recorded transaction
2008
Price N/A

Zoning & alternative use

CVC · Galloway, NJ
Zoning description

Community Village Commercial District (CVC). [1] [Added 6-22-1993 by Ord. No. 1127 ] A. Purpose. The purpose of the Community Village Commercial District (CVC) is to provide the availability of commercial development in…

General category COMMERCIAL

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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