Property profile

1724 Atlantic Ave Atlantic City, NJ 08401

OFF-MARKET
Commercial real estate
Property ID
US59-2669640
7,060 SF 0.06 ac lot Built 1930
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction BRICK
Total area 7,060 SF
Lot 0.06 ac (2,561 SF)
Zoning code CBD
APN 02 00156-0000-00004
UPID US59-2669640

Cap rate & NOI

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

Location

1724 Atlantic Ave Atlantic City, NJ 08401-6828
Atlantic City metro Census 2400 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$355k
CAP Approach CAP
by Request
Comparable Approach Comparable
$621k
Blend (final) Blend
$355k

Owner & transaction history

since 2019
6 recorded transactions
2019
$850,000
2016
$247,500
2015
$100
2007
$670,000
2005
$500,000
2002
$232,000

Zoning & alternative use

CBD · Atlantic City, NJ
Zoning description

8. The Expansion of the Central Business District (CBD) to Accurately Reflect the Newly Proposed Land Uses Near Fairmount Avenue and Mississippi Avenue The area of the City southwest of the Atlantic City Expressway entra…

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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