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Property profile & analytics
OFF-MARKET
Estimated value
$2,635,000
Super regional malls
5000 Wellington Ave, Ventnor City, NJ 08406
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-1523185
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1980
Total area
17,920 SF
Lot
15.33 ac (667,775 SF)
Zoning code
D-C
APN
22 00304-0000-00001
UPID
US59-1523185
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.64M
Owner & transaction history
Ventnor Rest Nj LLC · 1 yrs held
Ventnor Rest Nj LLC
since 2024
7 recorded transactions
Zoning & alternative use
D-C · Ventnor City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Ventnor City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ventnor 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)
$1,955,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.64M
Range $2.37M – $2.90M · ±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
$147 / 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
$244,595
Tax year 2022
Assessed value
$9,509,900
Assessed 2023
Previous assessed
$9,509,900
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$5,782,500
Assessed improvement
$3,727,400
Land market value
$5,782,500
Improvement market value
$3,727,400
Total market value
$9,509,900
Applied tax rate
22.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1980
Heating
NONE
Units
1
Total area
17,920 SF
Lot
15.33 ac (667,775 SF)
Zoning code
D-C
APN
22 00304-0000-00001
UPID
US59-1523185
Jurisdiction
ATLANTIC
Zoning & alternative use
D-C · Ventnor City, NJ
Zoning D-C · permitted uses
D-C · Ventnor City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ventnor City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.0M
COMMERCIAL (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
1980
Heating
NONE
Units
1
Lot
15.33 ac
Current owner
From public records · entity-resolved
Ventnor Rest Nj LLC
Entity
Mailing address
4501 RTE 42ND 2ND STE #2, BLACKWOOD, NJ 08012-1776
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 30, 2024
—
Ventnor Rest Nj LLC
Ventnor Pad I LLC
Deed
$712,500 · Provident Bank
May 8, 2024
—
Ventnor Plaza LLC
—
Deed
related
$3,658,286 · Wilmington Savings Fund Society Fsb
Apr 5, 2023
—
Ventnor Plaza LLC
—
Deed
related
$4,200,000 · Wilmington Savings Fund Society Fsb
Nov 18, 2022
$14,815,000
Ventnor Plaza LLC
Ventnor Loan LLC
Deed
$8,800,000 · Wilmington Savings Fund Society Fsb
Nov 1, 2022
—
Autozone Northeast LLC
Ventnor Plaza LLC
Lease
—
Aug 30, 2022
$91,878
Shops At Ventnor LLC
Ventnor Loan LLC
Deed
—
Nov 20, 2017
—
Ventnor Loan LLC
—
Deed
related
$13,200,000 · Providence Bank
Aug 30, 2012
—
M Bk
Bellevue Props Group Ventnor
Grant Deed
related
—
Jul 18, 2012
—
A & P Real Property LLC
Pathmark Stores INC
Grant Deed
$270,000,000 · J P Morgan Chase Bank
Aug 13, 2009
—
Great Atlantic
—
Deed Of Trust
related
$260,000,000 · Wilmington Trust Co
Oct 23, 2006
$19,000,000
Bellevue Props Group Ventnor P
Ventnor Plaza Co LLC
Deed Of Trust
related
$18,190,000 · Wilmington Trust Fsb
—
—
Fhg Champs LLC
—
Deed Of Trust
related
$1,118,600 · Republic First Bank
—
—
Bellevue Props Group Ventnor
—
Deed Of Trust
related
$18,190,000 · Wilmington Trust Fsb
—
—
Bellevue Props Group Ventnor
—
Deed Of Trust
related
$2,215,000 · Wilmington Trust Fsb
—
—
Bellevue Props Group Ventnor
—
Deed Of Trust
related
$2,215,000 · Wilmington Trust Fsb
—
—
Bellevue Props Group Ventnor P
—
Deed Of Trust
related
$2,215,000 · Wilmington Trust Fsb
—
—
Ventnor Loan LLC
—
Deed Of Trust
related
$13,200,000 · Provident Bk
—
—
Ventnor Plaza Co LLC
—
Deed Of Trust
related
$1,000,000 · Sovereign Bank
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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