2647 Chestnut Ave Vineland, NJ 08361-8450
For Sale
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Steven Schiavo - Prudential Financial Financial Advisor
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Plymouth Rock Assurance Insurance Agency
Purpose. The purpose of the R-5 Zone is to implement the Master Plan recommendation for a low-density suburban/rural transition area from the City center suburbs to the City greenbelt. The R-5 Zone provides an area for development of low-density single-family detached housing. Farms will continue to be permitted, and farmland preservation as part of the low-…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
R-5 · Vineland, NJPurpose. The purpose of the R-5 Zone is to implement the Master Plan recommendation for a low-density suburban/rural transition area from the City center suburbs to the City greenbelt. The R-5 Zone provides an area for development of low-density single-family detached housing. Farms will continue to be permitted, and farmland preservation as part of the low-density residential area is encouraged and supported by the City. Residential cluster development and lot size averaging will be permitted at the City's option, provided that the total number of dwellings is equivalent to the number of dwellings allowed by a conventional layout. Cluster development and lot size averaging will only be allowed where the lots are served by sewer and public water and the reduction in lot size is offset by open space preservation and protection of the environment. B. Permitted uses. (1) Single-family dwelling. (2) Residential cluster. (3) Farm, except for those enumerated as prohibited uses. (4) Home occupation. (5) Public purpose uses: (a) School. (b) Child-care center. (c) Governmental or public utility facility. (6) Community residence, community shelter. C. Accessory uses. Accessory uses within the R-5 Residential Zone shall be as follows: [Amended 4-14-2020 by Ord. No. 2020-15 ] (1) All accessory uses permitted in the R-1 Zone. (2) Private garage, 1,000 square feet maximum, for a single-family dwelling. (3) One storage shed, 300 square feet maximum, for a single-family dwelling. (4) Farm building for livestock, equipment, storage of supplies or harvested crops, or for preparation of crops for market for a farm. (5) Commercial production greenhouse for a farm. (6) Roadside stand, 300 square feet maximum, for a single-family dwelling or a farm. D. Conditional uses in the R-5 Residential Zone shall be as follows: (1) Church, congregation. (2) Recreational facility. E. Prohibited uses. Prohibited uses in the R-5 Residential Zone shall be as follows: (1) Piggery. (2)
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Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.