Property profile

2503 Fairmount Ave Atlantic City, NJ 08401

OFF-MARKET
Commercial real estate
Property ID
US59-1893029
0.09 ac lot
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.09 ac (3,877 SF)
Zoning code MCRD
APN 02 00384-0000-00046
UPID US59-1893029

Cap rate & NOI

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

Location

2503 Fairmount Ave Atlantic City, NJ 08401-3905
Atlantic City metro Census 2300 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2018
Price N/A

Zoning & alternative use

MCRD · Atlantic City, NJ
Zoning description

The Mixed Use Recreation District has been established to integrate residential, commercial, cultural, transportation and transient oriented uses. Water-based uses that provide alternative modes of transportation to othe…

General category MIXED_USE

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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