Property profile

240 Texas Ave Atlantic City, NJ 08401

OFF-MARKET
Industrial properties
Property ID
US59-0944589
576 SF 0.45 ac lot Built 1980
Entity Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1980
Construction BRICK
Total area 576 SF
Lot 0.45 ac (19,718 SF)
Zoning code R-3
APN 02 00381-0000-00003
UPID US59-0944589

Cap rate & NOI

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

Location

240 Texas Ave Atlantic City, NJ 08401
Atlantic City metro Census 500 ATLANTIC CITY, NJ 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
$295k

Owner & transaction history

since 2010
1 recorded transaction
2010
Price N/A

Zoning & alternative use

R-3 · Atlantic City, NJ
Zoning description

remain Residential 3 (R-3) as it is the site of the Richmond Avenue School). It is recommended that the Neighborhood Commercial 1 (NC-1) Zoning District include only the property (block and lot designation) fronting on V…

General category RESIDENTIAL

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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