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Property profile & analytics
OFF-MARKET
Office buildings
1 Shell Bay Ave Cape May Court House, NJ 08210-2701
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US59-1731015
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1937
Total area
1,728 SF
Lot
0.52 ac (22,599 SF)
Zoning code
TB
APN
06 00350-0000-00040
UPID
US59-1731015
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
Current use
Occupant on record · Public records
-
Cape Insurance Group - Gannon Risk Group Insurance Agency
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
Thomas M Gannno JR. · 10 yrs held
Thomas M Gannno JR.
since 2016
3 recorded transactions
Zoning & alternative use
TB · Cape May Court House, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cape May Court House submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape May Court House submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$8,170
Tax year 2022
Assessed value
$409,100
Assessed 2023
Previous assessed
$409,100
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$228,000
Assessed improvement
$181,100
Land market value
$228,000
Improvement market value
$181,100
Total market value
$409,100
Applied tax rate
6.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1937
Heating
NONE
Stories
2
Units
3
Total area
1,728 SF
Lot
0.52 ac (22,599 SF)
Zoning code
TB
APN
06 00350-0000-00040
UPID
US59-1731015
Jurisdiction
CAPE MAY
Zoning & alternative use
TB · Cape May Court House, NJZoning TB · permitted uses
TB · Cape May Court House, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1937
Heating
NONE
Stories
2
Units
3
Lot
0.52 ac
Current owner
From public records · entity-resolved
Thomas M Gannno JR.
Individual
Mailing address
2040 COUNTY LINE RD, HUNTINGDON VALLEY, PA 19006-1739
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2016
$440,000
Thomas M Gannno JR.
Cook Lauren M
Grant Deed
$330,000 · Liberty Bell Bk
Apr 11, 2007
$504,000
D & S Mehl Ents LLC
Gunther,jeffrey H
Grant Deed
—
—
—
D & S Mehl Ents LLC
—
Deed Of Trust
related
$250,000 · Craig D Weintraub
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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