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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2399 S Main Rd Vineland, NJ 08360

    • Residential income homes
    • 3,093 SF
    • 0.60 lot acres
    For Sale
    View listing
    $1,500,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0655916
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 2399 S Main Rd

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.60 lot acres
    Property size
    3,093 SF
    Zone code
    1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    14 06801-0000-00109
    APU
    1406801000000109

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $499,000
      Market price range: $193k - $499k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $295,000
      Current use
      COMMERCIAL (GENERAL)
      $425,000
      Change: +43% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Vineland
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.0121
    Latitude
    39.4506
    CBSA code
    47220
    CBSA name
    VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $12,181
    $46,000
    $350,900
    $396,900
    -
    $46,000
    $350,900
    $396,900

    Comparable in this City

    • Value Estimation
      $260,000
      1,400 SF

      508 Brewster Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,400 SF
      508 Brewster Rd, Vineland, NJ 08360-9623
      View Details
    • Value Estimation
      $320,000
      2,700 SF

      416 Park Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,700 SF
      416 Park Ave, Vineland, NJ 08360-3536
      View Details
    • Value Estimation
      $290,000
      3,718 SF

      411 Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,718 SF
      411 Ave, Vineland, NJ 08360-3815
      View Details
    • Value Estimation
      $275,000
      1,573 SF

      1453 Main Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,573 SF
      1453 Main Rd, Vineland, NJ 08360
      View Details
    • Value Estimation
      $510,000
      1,770 SF

      13 8th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,770 SF
      13 8th St, Vineland, NJ 08360-3840
      View Details
    • Value Estimation
      $390,000
      1.75 Acres

      264 Wheat Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1.75 Acres
      264 Wheat Rd, Vineland, NJ 08360
      View Details

    Similar Nearby for Sale

    • $1,500,000

      Vineland Investment Property with Rental Units

      Income-generating property with a house and six rental units.
      2399 S Main Rd, Vineland, NJ 08360
      View Details
    • New
      $323,900
      1,440 SF

      Vineland Duplex Investment Opportunity

      Versatile duplex in Vineland, ideal for investors seeking rental income.
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    • $699,999
      4.21 Acres

      Vineland Multifamily and Warehouse Opportunity

      Unique investment property with multi-unit homes and large warehouse.
      2520 N Blvd W, Vineland, NJ 08360
      View Details
    • $725,000
      8,000 SF

      Vineland Multi-Family Investment Opportunity

      High-traffic corner lot, 8,000 sq ft.
      238 Chestnut Ave, Vineland, NJ 08360
      View Details
    • $699,999
      4.21 Acres

      Vineland Multi-Unit Homes with Warehouse

      Unique investment property: multi-unit homes, warehouse, and open land.
      2520 N West Blvd, Vineland, NJ 08360
      View Details
    • $305,000
      2,946 SF

      Mixed-Use Property in Vineland, NJ

      Mixed-use property with apartments and commercial space in Vineland.
      406 S 6Th St, Vineland, NJ 08360
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      2,500 SF

      Vineland Office Space - 2500 SF

      Prime Vineland office, immediate occupancy, great location.
      415 Landis Ave, Vineland, NJ 08360
      View Details
    • Contact for pricing
      11,275 SF

      Redevelopment Site in Downtown Vineland

      Prime corner property with redevelopment potential and ample parking.
      530 E Landis Ave, Vineland, NJ 08360
      View Details
    • Contact for pricing
      7,156 SF

      Maintree Shopping Center: Vineland, NJ

      High-traffic retail spaces available.
      301 Main Rd, Vineland, NJ 08360
      View Details
    • Contact for pricing
      14,500 SF

      Vineland Warehouse: 14,500 SF

      Industrial warehouse, two buildings, 2.17 acres.
      570 Broadlawn Ter, Vineland, NJ 08360
      View Details
    • Contact for pricing
      88,932 SF

      Vineland Warehouse Space For Lease

      Large warehouse, ideal for distribution.
      46 Ave, Vineland, NJ 08360
      View Details
    • $12 SF/Yr
      57,935 SF

      Turnkey Restaurant Space Available

      Fully operational restaurant space with high traffic and hotel proximity.
      2160 W Landis Ave, Vineland, NJ 08360
      View Details
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    2399 S Main Rd
    Vineland, NJ 08360
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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