Property profile

2511 Pacific Ave Atlantic City, NJ 08401

OFF-MARKET
Residential income homes
Property ID
US59-0567855
2,880 SF 0.04 ac lot Built 1920
Entity Owned 13-yr Hold
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1920
Construction BRICK
Total area 2,880 SF
Lot 0.04 ac (1,712 SF)
Zoning code RS-C
APN 02 00166-0000-00026
UPID US59-0567855

Cap rate & NOI

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

Location

2511 Pacific Ave Atlantic City, NJ 08401-6540
Atlantic City metro Census 2300 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
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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 2013
5 recorded transactions
2013
$100,000
2012
$125,000
2008
Price N/A
2003
Price N/A
2001
$100,000

Zoning & alternative use

RS-C · Atlantic City, NJ
Zoning description

When the RS-C zone was first implemented, the minimum lot area required for a casino was two (2) acres. While that remains unchanged to the present, the actual space required by casinos has increased almost ten-fold. Tod…

General category COMMERCIAL

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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