Property profile

5216 Atlantic Ave Ventnor City, NJ 08406

OFF-MARKET
Commercial real estate
Property ID
US59-2190710
4,158 SF 0.05 ac lot Built 1940
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction BRICK
Total area 4,158 SF
Lot 0.05 ac (2,339 SF)
Zoning code C
APN 22 00010-0000-00004
UPID US59-2190710

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

5216 Atlantic Ave Ventnor City, NJ 08406-2984
Ventnor City metro Census 13201 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
$950k
Comparable Approach Comparable
$636k
Blend (final) Blend
$795k

Owner & transaction history

since 2022
Last sale
$680,000
5 recorded transactions
2022
$680,000
2018
Price N/A
2018
$560,000
2004
$450,000
1994
$155,000

Zoning & alternative use

C · Ventnor City, NJ
Zoning description

The purpose of the City Commercial District is to permit business uses which are centrally located for the convenience of the City residents and which are retail or service oriented and consistent with the residential ar…

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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