Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    801 Boardwalk Atlantic City, NJ 08401-7615
    Back to Search
    Property profile & analytics

    801 Boardwalk, Atlantic City, NJ 08401-7615

    View on Map
    • Commercial real estate
    • 10.34 lot acres
    Off-Market
    Last Sale Mar 20, 2023
    Property ID
    US59-0991603
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jam On Productions Atlantic City International Motorcycle Show / Motorcycle Shop
    • Worship Surf Bar / Restaurant
    • Define Gift Shop / (Bike/Boat/Book/etc) Store
    • Super American Circus / Resort
    • House of Blues / Theater & Performing Art Venue / Music Venue

    Property Details for 801 Boardwalk

    Year built
    1987
    Lot size
    10.34 lot acres
    Zone code
    RS-C
    Property type
    Commercial real estate
    APN
    02 00061-0000-00022- 05
    APU
    20006100000002205

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $695,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4184
    Latitude
    39.3617
    CBSA code
    12100
    CBSA name
    ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $324,225
    $7,200,000
    $1,384,200
    $8,584,200
    -
    $7,200,000
    $1,384,200
    $8,584,200

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      3305 Boardwalk

      COMMERCIAL (GENERAL)
      3305 Boardwalk, Atlantic City, NJ 08401
      View Details
    • Value Estimation
      $575,000
      0.43 Acres

      115 Chelsea Ave

      COMMERCIAL (GENERAL)
      115 Chelsea Ave, Atlantic City, NJ 08401-6222
      View Details
    • Value Estimation
      $610,000
      3.26 Acres

      701 Maryland Ave

      COMMERCIAL (GENERAL)
      701 Maryland Ave, Atlantic City, NJ 08401-2528
      View Details
    • Value Estimation by Request
      0.00 Acres

      Pacific Ave

      COMMERCIAL (GENERAL)
      Pacific Ave, Atlantic City, NJ 08401
      View Details
    • Value Estimation by Request

      1 Atlantic Ocean

      COMMERCIAL (GENERAL)
      1 Atlantic Ocean, Atlantic City, NJ 08401-6689
      View Details
    • Value Estimation by Request
      0.11 Acres

      Arkansas Marmora

      COMMERCIAL (GENERAL)
      Arkansas Marmora, Atlantic City, NJ 08401
      View Details

    Similar Nearby for Sale

    • $649,990

      Beach Block Land Opportunity

      Ready-to-build lot near the beach with approved plans.
      108 S John A Seedorf Ln, Atlantic City, NJ 08401
      View Details
    • $550,000

      Remodeled Storefront on Atlantic City Boardwalk

      Remodeled storefront in high-traffic boardwalk location, ideal for investment.
      1515 Boardwalk, Atlantic City, NJ 08401
      View Details
    • $320,000
      1,893 SF

      Atlantic City Duplex Investment Opportunity

      Well-located duplex near beach with income potential.
      2402 Auburn Ter, Atlantic City, NJ 08401
      View Details
    • $450,000

      Mixed-Use Investment in Atlantic City

      Mixed-use property with commercial and residential income streams.
      2504 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $169,000

      Atlantic City Boardwalk Retail Space

      Retail space on the Atlantic City Boardwalk in Ocean Club.
      3101 Boardwalk, Atlantic City, NJ 08401
      View Details
    • $175,000

      Atlantic City Boardwalk Retail Space

      Prime retail space on the iconic Atlantic City Boardwalk.
      3115 Boardwalk Bch, Atlantic City, NJ 08401
      View Details

    Similar Nearby for Lease

    • $39,000

      Atlantic City Boardwalk Retail Space

      Retail space available for lease on the legendary Boardwalk.
      3113 Boardwalk Pl, Atlantic City, NJ 08401
      View Details
    • $1,900 /Mo

      Prime Retail Space Near Boardwalk

      High-visibility storefront near Hard Rock Hotel & Casino.
      1408 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $1,500 /Mo

      Atlantic City Corner Retail Unit

      Corner retail unit in Atlantic City's University District.
      3317 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • Contact for pricing
      13,500 SF

      Atlantic City Office Space Available

      Multi-tenanted office building with high-end finishes and easy access.
      1301 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • Contact for pricing

      Unique Commercial Space in Atlantic City

      Two-story commercial space with Art Deco architecture in prime location.
      1931 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • Contact for pricing
      1,440 SF

      Retail Space Available for Lease

      Retail space available for lease at 3000 Boardwalk.
      110 N Morris Ave, Atlantic City, NJ 08401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    801 Boardwalk
    Atlantic City, NJ 08401-7615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    801 Boardwalk, Atlantic City, NJ, 08401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!