Property profile

605 Madison Ave Cape May, NJ 08204

OFF-MARKET
Commercial real estate
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Property ID
US59-1045272
14,474 SF 1 ac
Last sale May 2023·$4,463,100
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$37k
Tax billed · 2022
Assessed value · 2023$3.60M
Assessed land$2.10M
Assessed improvement$1.50M
Effective rate1.03%

Value estimate

· Nov 2026
$4.37M
$3.93M – $4.81M
AI approach$4.43M
Submarket $/SF estimate$3.14M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$291/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$193 – $454

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R-1
JurisdictionCAPE MAY

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.6
Convenience Store8.8
Barber Shop8.5

Location

605 Madison Ave Cape May, NJ 08204-2504
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
413 Washington, Cape May, NJ 08204-1425 $3,400,000 Jun 2025 5,374 SF
210 Ocean, Cape May, NJ 08204-2342 $999,950 Apr 2025 4,725 SF
305 Jackson, Cape May, NJ 08204-1453 $3,390,000 Feb 2025 17,301 SF
407 Washington, Cape May, NJ 08204-1425 $3,000,000 Jan 2024 3,528 SF
1159 Washington, Cape May, NJ 08204-1738 $999,000 Sep 2023 2,520 SF
1033 Bch, Cape May, NJ 08204-1613 $6,575,000 Sep 2022 30,126 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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