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Property profile & analytics
FOR SALE
Commercial real estate
2741 Pacific Ave, Atlantic City, NJ 08401
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0339519
For Sale
1 / 15
$990,000
2741 Pacific Ave, Atlantic City, NJ 08401
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Property summary
AI-generated overview
This exceptional investment opportunity presents a 25-key motel and commercial space ideally situated in Atlantic City, New Jersey, directly across from the Tropicana. The property boasts 9,032 square feet on a 0.2-acre lot, with 15 parking spaces. Built in 1956 and extensively renovated in 2020, this turnkey operation is situated one block from the beach. The motel operates under a ground lease expiring July 30, 2056, offering 32 years of remaining lease term. The permitted zoning is RS-C. The asking price is $1,900,000, representing $210.36 per square foot and $76,000 per key. The property features a two-story building and offers significant potential for growth and profitability due to its prime location and high foot traffic, making the versatile commercial space ideal for various retail ventures. This is a rare opportunity to acquire a well-maintained, established hospitality business with a long-term lease in a highly desirable location.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1956
Construction
BRICK
Total area
9,032 SF
Lot
0.2 ac (8,751 SF)
Zoning code
RS-C
APN
02 00173-0000-00019
UPID
US59-0339519
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Eldorado Motor Inn Hotel & Motel
-
Golden Gate Jewelers (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.22M
Owner & transaction history
Ac Hotel Eldorado LLC · 3 yrs held
Ac Hotel Eldorado LLC
since 2022
1 recorded transaction
Zoning & alternative use
RS-C · Atlantic City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+19.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atlantic City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,000,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,190,000
Change: +19% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$925,000
Change: -7% · Conversion: Moderate
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$29,272
Tax year 2022
Assessed value
$775,000
Assessed 2023
Previous assessed
$775,000
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$300,000
Assessed improvement
$475,000
Land market value
$300,000
Improvement market value
$475,000
Total market value
$775,000
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1956
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
9,032 SF
Lot
0.2 ac (8,751 SF)
Zoning code
RS-C
APN
02 00173-0000-00019
UPID
US59-0339519
Jurisdiction
ATLANTIC
Zoning & alternative use
RS-C · Atlantic City, NJ
Zoning RS-C · permitted uses
RS-C · Atlantic City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$925,000
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1956
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Ac Hotel Eldorado LLC
Entity
Mailing address
2741 PACIFIC AVE, ATLANTIC CITY, NJ 08401-6405
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2022
—
Ac Hotel Eldorado LLC
Om Sidhivinayak LLC
Assignment Of Lease (leasehold Sale)
$675,000 · 2741 Pacific LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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