Technical
Financial
Distress signals
Property profile

2 Chestnut St A Pennsville, NJ 08070

FOR LEASE
Other commercial real estate
Property ID
US59-2914427
480 SF 0.2 ac lot
Individually Owned 22-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property consists of two separate office buildings: a two-story main building containing three office suites and a separate rear building. The main building’s ground floor is approximately 1,200 square feet and includes a reception area, three private offices, storage, and a private restroom; this suite is served by its own HVAC system. The second floor contains two suites, each with a reception area and two private offices, with the suites sharing a common bathroom. The rear building provides one large open office area with its own restroom, heated by electric baseboard heat and served by a wall A/C unit. Exterior amenities include a paved parking lot with nine spaces and nighttime lighting, along with lawn areas featuring sprinkler irrigation. The property has undergone updates including a roof replacement on the main building in 2019, new windows on the second floor, luxury vinyl flooring in unit C and in the rear building, and a new front door with dual sidelights, and it includes two installed natural gas lines intended to support conversion of heating from fuel oil to natural gas. The buildings are configured to support professional office uses such as general business, attorney, insurance, or medical office settings.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 480 SF
Lot 0.2 ac (8,751 SF)
Zoning code 4
APN 09 02705-0000-00004
UPID US59-2914427

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
  • Law Firm
  • Loan Service Bank
  • Corporate Office
  • Social Service Agency Charitable Organization
  • Accounting Firm Tax Preparation

Location

2 Chestnut St, Unit A Pennsville, NJ 08070
Pennsville metro Census 21600 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2004
7 recorded transactions
2018
Price N/A
2017
Price N/A
2017
Price N/A
2004
$190,000
2002
$68,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

4 · Pennsville, NJ

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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