Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    112 California Ave Atlantic City, NJ 08401-3847
    Back to Search
    Property profile & analytics

    112 California Ave, Atlantic City, NJ 08401-3847

    View on Map
    • Residential income homes
    • 5,094 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Mar 4, 2021
    $240,000
    Property ID
    US59-1771400
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 112 California Ave

    Year built
    1920
    Lot size
    0.07 lot acres
    Zone code
    R-3
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    02 00343-0000-00023
    APU
    200343000000023

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 4, 2021 $240,000 Cadabra Realty LLC Maria Sprouse Grant Deed $344k · Other Institutional Lenders
    Sep 23, 2003 $100 Maria Sprouse Lubonski,william Trustees Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Atlantic City
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.4459
    Latitude
    39.3573
    CBSA code
    12100
    CBSA name
    ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,065
    $80,000
    $160,000
    $240,000
    -
    $80,000
    $160,000
    $240,000

    Comparable in this City

    • Value Estimation by Request
      0.26 Acres

      99 Boardwalk

      APARTMENT HOUSE (UNDER 5 UNITS)
      99 Boardwalk, Atlantic City, NJ 08401
      View Details
    • Value Estimation
      $2,940,000
      18,360 SF

      1300 Baltic Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      1300 Baltic Ave, Atlantic City, NJ 08401-4529
      View Details
    • Value Estimation
      $5,120,000
      57,696 SF

      116 Raleigh Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      116 Raleigh Ave, Atlantic City, NJ 08401-5800
      View Details
    • Value Estimation by Request
      4,186 SF

      12 Florida Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      12 Florida Ave, Atlantic City, NJ 08401-6532
      View Details
    • Value Estimation by Request
      2,232 SF

      242 Vermont Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      242 Vermont Ave, Atlantic City, NJ 08401-7820
      View Details
    • Value Estimation by Request
      5,152 SF

      2803 Arctic Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      2803 Arctic Ave, Atlantic City, NJ 08401-3749
      View Details

    Similar Nearby for Sale

    • $799,000

      Atlantic City Multifamily Investment

      Steps from the Boardwalk with ocean views and redevelopment potential.
      111 Oriental Ave, Atlantic City, NJ 08401
      View Details
    • $625,000

      Atlantic City Multifamily Investment

      Five-unit multifamily property with full occupancy near amenities.
      18 N Sovereign Ave, Atlantic City, NJ 08401
      View Details
    • $1,200,000

      Atlantic City Redevelopment Opportunity

      Former hotel with approved plans for apartments and penthouse.
      2707 Pacific Ave, Atlantic City, NJ 08401
      View Details
    • $495,000
      0.04 Acres

      Atlantic City Multifamily Investment

      Legal 6-unit multifamily property near Tanger Outlets.
      114 N Mississippi Ave, Atlantic City, NJ 08401
      View Details
    • $699,900

      Atlantic City Mixed-Use Investment

      Mixed-use property near beach and boardwalk with income potential.
      4215-17 Ventnor Ave, Atlantic City, NJ 08401
      View Details
    • $320,000
      1,893 SF

      Atlantic City Duplex Investment Opportunity

      Well-located duplex near beach with income potential.
      2402 Auburn Ter, Atlantic City, NJ 08401
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo

      Atlantic City Corner Retail Unit

      Corner retail unit in Atlantic City's University District.
      3317 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • Contact for pricing
      13,500 SF

      Atlantic City Office Space Available

      Multi-tenanted office building with high-end finishes and easy access.
      1301 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • Contact for pricing

      Atlantic City Restaurant & Nightclub

      Turn-key restaurant and nightclub in prime Atlantic City location.
      3019 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $1,600 /Mo

      Atlantic City Retail Space Available

      Retail space in busy Atlantic City location for rent.
      22 South Pennsylvania Ave, Atlantic City, NJ 08401
      View Details
    • Contact for pricing

      Unique Commercial Space in Atlantic City

      Two-story commercial space with Art Deco architecture in prime location.
      1931 Atlantic Ave, Atlantic City, NJ 08401
      View Details
    • $1,200 /Mo

      Atlantic City Commercial Space

      Compact commercial space on Ventnor Avenue, Atlantic City.
      4107 Ventnor Ave, Atlantic City, NJ 08401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    112 California Ave
    Atlantic City, NJ 08401-3847
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    112 California Ave, Atlantic City, NJ, 08401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!