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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Residential income homes
1000 Cincinnati Ave 58 Egg Harbor City, NJ 08215-2813
Entity Owned
18-yr Hold
Property ID
US59-2776126
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1972
Construction
FRAME
Total area
6,256 SF
Lot
4.55 ac (198,189 SF)
Zoning code
R-22
APN
07 00330-0000-00001
UPID
US59-2776126
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
$1.10M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.04M
Owner & transaction history
Egg Harbor Holdings Urban Renewal L · 18 yrs held
Egg Harbor Holdings Urban Renewal L
since 2008
4 recorded transactions
Zoning & alternative use
R-22 · Egg Harbor City, 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 Egg Harbor City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Egg Harbor City 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,095,000
7%
$1,020,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$790,000
Current use
INDUSTRIAL (GENERAL)
$640,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$165 / SF
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
$109,142
Tax year 2022
Assessed value
$2,001,500
Assessed 2023
Previous assessed
$2,001,500
+0.0% YoY
Effective rate
5.45%
On assessed value
Assessed land
$382,500
Assessed improvement
$1,619,000
Land market value
$382,500
Improvement market value
$1,619,000
Total market value
$2,001,500
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1972
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
6,256 SF
Lot
4.55 ac (198,189 SF)
Zoning code
R-22
APN
07 00330-0000-00001
UPID
US59-2776126
Jurisdiction
ATLANTIC
Zoning & alternative use
R-22 · Egg Harbor City, NJ
Zoning R-22 · permitted uses
R-22 · Egg Harbor City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Egg Harbor City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$790,000
INDUSTRIAL (GENERAL)
Est. value
$640,000
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
4.55 ac
Current owner
From public records · entity-resolved
Egg Harbor Holdings Urban Renewal L
Entity
Mailing address
PO BOX 1030, BRICK, NJ 08723-0090
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2008
$2,704,000
Egg Harbor Holdings Urban Renewal L
Philadelphia Village Apartments Ltd
Bargain And Sale Deed
—
Nov 14, 2007
$3,706,800
Philadelphia Village Apartment
Philadelphia Associates
Warranty Deed
related
—
—
—
Harbor Holdings Urban Egg
—
Deed Of Trust
related
$4,640,000 · Greystone Servicing Corp
—
—
Richard Redfield
—
Deed Of Trust
related
$91,000 · Wachovia Bank NA
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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