Property profile

6601 Ventnor Ave Ventnor, NJ 08406

FOR LEASE
Other commercial real estate
Property ID
US59-1837346
56,634 SF 2.3 ac lot Built 1932
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This commercial office and professional space is located in Ventnor City on Ventnor Avenue between Troy and South New Haven. The building provides office suites designed for professional use, including approximately 2,000 square feet on the third floor and approximately 3,750 square feet on the second level with views toward Ventnor Avenue; the third-floor area can be subdivided for office use. The space is configured for leasing with a NNN structure and includes operating-cost considerations tied to CAM; the property has been set up to accommodate modern tenant improvements through ongoing renovations. The location is within walking distance of the beach as well as nearby retail and dining options.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1932
Construction BRICK
Total area 56,634 SF
Lot 2.3 ac (100,401 SF)
Zoning code M-O
APN 22 00123-0000-00001
UPID US59-1837346

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
  • Physician
  • Pediatrician Physician
  • County Government Office
  • Gym & Fitness Center
  • Physician

Location

6601 Ventnor Ave Ventnor, NJ 08406
Ventnor metro Census 13301 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.00M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.66M
Blend (final) Blend
$4.67M

Owner & transaction history

since 2022
Last sale
$4.0M
1 recorded transaction
2022
$4.0M

Zoning & alternative use

M-O · Ventnor City, NJ

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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