Commercial real estate
Entity Owned
18-yr Hold
Free & Clear
Entity Owned 
For Sale
1 / 28
$1,100,000
2242 S Delsea Dr,Unit Vineland, Vineland, NJ 08360
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Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1994
Construction
CONCRETE BLOCKS
Lot
1.36 ac (59,176 SF)
Zoning code
B-2
APN
14 06101-0000-00017
UPID
US59-1815556
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
-
General Contractor
-
Marketing & Advertising Advertising Agency
-
Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$295k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$295k
Owner & transaction history
since 2007
4 recorded transactions
Zoning & alternative use
B-2 · Vineland, NJ
Zoning description
B-2 Business Zone standards. [Amended 4-10-2007 by Ord. No. 2007-26 ; 6-24-2008 by Ord. No. 2008-39 ; 4-15-2025 by Ord. No. 2025-28 ] A. Purpose. It is the purpose of these zones to recognize and preserve commercial area…
General category
COMMERCIAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$295k
Value range
$266k – $325k
±10% around blend
Confidence
Property data
75
Market benchmarks
100
Comparable evidence
60
Income certainty
100
$266k
blend $295k
$325k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
Lot area
1.36 ac
Year built
1994
Stories
1
APN
14 06101-0000-00017
Assessed value
$415,000
Annual tax
$13,126
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$13,126
Selected cap rate
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$295k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 79 sales
$125
—
Submarket 81 sales
$125
—
County 197 sales
$89
—
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
Not available
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
6.81%
Selected cap rate for this commercial real estate
Derived from the Vineland market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.81%
9.0%
NOI (est.)
$75k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.10M
Move the market yield to see immediate price impact.
Value / SF
—
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
6.31%6.81%7.31%
$67k
$1.07M
$990k
$923k
$75k
$1.19M
$1.10M
$1.03M
$82k
$1.31M
$1.21M
$1.13M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$13,126
Tax year 2023
Assessed value
$415,000
Assessed 2024
Previous assessed
$415,000
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$236,000
Assessed improvement
$179,000
Land market value
$236,000
Improvement market value
$179,000
Total market value
$415,000
Applied tax rate
14.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1994
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.36 ac (59,176 SF)
Zoning code
B-2
APN
14 06101-0000-00017
UPID
US59-1815556
Jurisdiction
CUMBERLAND
Zoning & alternative use
B-2 · Vineland, NJZoning B-2 · permitted uses
B-2 · Vineland, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
B-2 Business Zone standards. [Amended 4-10-2007 by Ord. No. 2007-26 ; 6-24-2008 by Ord. No. 2008-39 ; 4-15-2025 by Ord. No. 2025-28 ] A. Purpose. It is the purpose of these zones to recognize and preserve commercial area…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1994
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
1.36 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B-2
COMMERCIAL
Jurisdiction
Vineland, NJ
Recorded code
B-2
Official district
B-2
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in Vineland, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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