Financial
Distress signals
Property profile

3 Franklin Ave Margate City, NJ 08402

OFF-MARKET
Commercial real estate
Property ID
US59-1022654
0.08 ac lot
Last sale Oct 2024 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value · 2024$533k
Assessed land$292k
Assessed improvement$241k
Effective rate1.65%

Value estimate

· Sep 2026
$1.60M
$1.44M – $1.76M
AI approach$1.60M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$122/SF
Submarket average, outlier-cleaned · 239 recorded sales of this use type
Observed band · Q1–Q3$71 – $186

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?
TF
This District promotes Two-family dwellings
General categoryRESIDENTIAL
JurisdictionATLANTIC

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 Shop10.6
Parking Facility10.0
Convenience Store9.7

Location

3 Franklin Ave Margate City, NJ 08402-2747
County assessor Recorded deeds · 3 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
Jerome, Margate City, NJ 08402 $1,700,000 Feb 2026 No data
9402 Ventnor, Margate City, NJ 08402-2317 $900,000 Dec 2025 No data
7701 Ventnor, Margate City, NJ 08402-2838 $2,150,000 Dec 2025 No data
7838 Ventnor, Margate City, NJ 08402-2743 $875,000 Jan 2025 No data
7903 Ventnor, Margate City, NJ 08402-2742 $2,950,000 Nov 2024 No data
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
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