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Property profile & analytics
OFF-MARKET
Estimated value
$1,690,000
Residential income homes
108 Lincoln Pl Atlantic City, NJ 08401-6020
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0005938
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1920
Construction
BRICK
Total area
8,964 SF
Lot
0.11 ac (5,001 SF)
Zoning code
RSRA
APN
02 00017-0000-00005
UPID
US59-0005938
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
$2.07M
CAP Approach
CAP
$1.57M
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$1.69M
Owner & transaction history
Lincoln Place Realty LLC · 3 yrs held
Lincoln Place Realty LLC
since 2023
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
RSRA · Atlantic City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.6M
+117.5%
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 Atlantic City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic 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
$2,150,000
ML approach
$2,070,000
CAP Approach
CAP Return
Estimation
6%
$1,700,000
6.5%
$1,570,000
7%
$1,460,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,180,000
Current use
OFFICE BUILDING
$2,570,000
Change: +118% · Conversion: Moderate
Blend value · Realmo final
$1.69M
Range $1.52M – $1.86M · ±10% · vs last sale $1.63M (Mar 16 2023)
Last sale anchor
$1.63M
Mar 16 2023
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
$189 / 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
$21,756
Tax year 2022
Assessed value
$576,000
Assessed 2023
Previous assessed
$576,000
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$180,000
Assessed improvement
$396,000
Land market value
$180,000
Improvement market value
$396,000
Total market value
$576,000
Applied tax rate
2.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Total area
8,964 SF
Lot
0.11 ac (5,001 SF)
Zoning code
RSRA
APN
02 00017-0000-00005
UPID
US59-0005938
Jurisdiction
ATLANTIC
Zoning & alternative use
RSRA · Atlantic City, NJ
Zoning RSRA · permitted uses
RSRA · Atlantic City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.2M
OFFICE BUILDING
Est. value
$2.6M
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
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
1920
Construction
BRICK
Heating
NONE
Stories
3
Units
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lincoln Place Realty LLC
Entity
Mailing address
1000 EASTON RD, PHILADELPHIA, PA 19150
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
$1,626,018
Lincoln Place Realty LLC
M & M Developer Nj LLC
Deed
$1,750,000 · Lava Funding LLC
Aug 22, 2018
$20,000
Cr 2018 LLC
Deutsche Bk Inabs 2007-a
Quit Claim Deed
related
—
Dec 30, 2005
$1,900,000
M & M Developer Nj LLC
Manchester Investments LLC
Grant Deed
$1,425,000 · Select Bank
Jan 26, 2005
$650,000
Manchester Investments LLC
Richland Partners LLC
Grant Deed
—
Jul 8, 2003
$400,000
Richland Partners LLC
Pereira,maria E
Grant Deed
—
Oct 23, 2002
—
Maria E Pereira
Pereira,luis L
Quit Claim Deed
related
—
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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