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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    824 New Rd Pleasantville, NJ 08232-1332

    • Residential income homes
    • 10,810 SF
    • 6.22 lot acres
    OFF-MARKET
    Value Estimations
    $1,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1134756
    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.

    Current Use by Public Records

    • Residential income homes

    Property Details for 824 New Rd

    Year built
    1960
    Lot size
    6.22 lot acres
    Property size
    10,810 SF
    Zone code
    MF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    19 00178-0000-00133
    APU
    1900178000000133

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,050,000
      6.5%
      $1,895,000
      7%
      $1,760,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,039,000
      Market price range: $873k - $2.04M
      AI Estimate
      $1,471,000
      Market price range: $520k - $1.47M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,365,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,110,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasantville
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.5198
    Latitude
    39.4056
    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
    $215,742
    $1,250,000
    $3,119,900
    $4,369,900
    -
    $1,250,000
    $3,119,900
    $4,369,900

    Comparable in this City

    • Value Estimation by Request
      1,533 SF

      25 Bayview Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,533 SF
      25 Bayview Ave, Pleasantville, NJ 08232-3002
      View Details
    • Value Estimation by Request
      3,136 SF

      207 Wright St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,136 SF
      207 Wright St, Pleasantville, NJ 08232-3190
      View Details
    • Value Estimation by Request
      3,788 SF

      300 Black Horse Pike

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,788 SF
      300 Black Horse Pike, Pleasantville, NJ 08232-2785
      View Details
    • Value Estimation by Request
      780 SF

      908 Washington Ave, Unit 12

      APARTMENT HOUSE (UNDER 5 UNITS) • 780 SF
      908 Washington Ave, Pleasantville, NJ 08232-3814
      View Details
    • Value Estimation by Request
      5,621 SF

      36 Black Horse Pike

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,621 SF
      36 Black Horse Pike, Pleasantville, NJ 08232-2786
      View Details
    • Value Estimation
      $2,090,000
      12,544 SF

      1006 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 12,544 SF
      1006 Main St, Pleasantville, NJ 08232-3365
      View Details

    Similar Nearby for Sale

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      Mixed-Use Investment Opportunity

      High-visibility corner property with commercial space and residential units.
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      Mixed-Use Property with Development Potential

      Retail, warehouse, apartment, and laundromat potential in Pleasantville, NJ.
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      Pleasantville Triplex Investment Opportunity

      Income-producing triplex suitable for residential, commercial, or mixed-use purposes.
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    • $449,900
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      Income-Producing Mixed-Use Investment Opportunity

      Mixed-use property with income potential in Pleasantville, New Jersey.
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    • $269,775
      1,248 SF

      Income-Producing Multifamily Duplex

      Multifamily duplex with income potential in a prime location.
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    • $199,000

      Pleasantville Office Building For Sale

      Prime Location, Updated Office Space
      9 Black Horse Pike, Pleasantville, NJ 08232
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    Similar Nearby for Lease

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      37,500 SF

      701 W. Delilah Road Warehouse

      Spacious Warehouse, Excellent Location
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    • $9 SF/Yr
      37,500 SF

      Versatile Industrial/Office/Retail Space Available

      25,337 SF space for lease with great visibility.
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    • $13 SF/Yr
      14,810 SF

      Modern Office Building in Pleasantville

      Recently rebuilt office building with potential for expanded parking.
      634 N Main St, Pleasantville, NJ 08232
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    • Contact for pricing
      10,000 SF

      Retail Space on Black Horse Pike

      Retail space with high visibility and drive-in door access.
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    • $2,000 /Mo

      Pleasantville Retail Space For Rent

      Corner retail space on high-traffic road, multiple possibilities.
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      View Details
    • $1,300 /Mo
      1,307 SF

      Renovated Yoga Studio Available

      Ground floor commercial space with CUEZ zoning.
      216 S Main St, Pleasantville, NJ 08232
      View Details
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    824 New Rd
    Pleasantville, NJ 08232-1332
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    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
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