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Property profile & analytics
OFF-MARKET
Office Spaces

9219 Atlantic Ave 5 Margate City, NJ 08402-2466

0.05 ac lot
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US59-2873327
Property summary
AI-generated overview

This exceptional 2,197 square foot executive office space is ideally situated at 9219 Atlantic Avenue in Margate City, New Jersey, 08402. Located in the Central Business District, this beautifully finished first-floor office boasts ample natural light from perimeter windows. The layout includes well-appointed conference rooms, individual offices, a convenient kitchenette, and a spacious bull pen area. The property includes 20 parking spaces, with potential for expansion. Its prime location offers easy access to major roadways, including the Garden State Parkway, AC Expressway, and Route 40, providing convenient commutes. Just minutes from Atlantic City and within walking distance of the beach, this location offers unparalleled convenience. The surrounding area is rich with amenities, including Wawa, CVS, and Steve and Cookie's by the Bay, along with numerous other retail, medical, and professional businesses, many within walking distance. This property is perfect for a variety of professional uses, such as law firms, accounting practices, or general office spaces. The building is nestled amongst high-demographic neighborhoods, making it an attractive and accessible location for employees and clients alike. The asking price is $1,395,000.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Lot 0.05 ac (2,197 SF)
Zoning code MF
APN 16 00126-0000-00004-0000-C0005
UPID US59-2873327
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
by Request
Owner & transaction history
Jemm Hospitality INC · 5 yrs held
Jemm Hospitality INC
since 2020
Last sale
$300,000
1 recorded transaction
2020
$300,000
Zoning & alternative use
MF · Margate City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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