Technical
Financial
Distress signals
Property profile

118 Texas Ave Atlantic City, NJ 08401

OFF-MARKET
Parking lots & garages
Property ID
US59-0067427
0.16 ac lot
Entity Owned 23-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.16 ac (6,800 SF)
Zoning code RS-C
APN 02 00035-0000-00043
UPID US59-0067427

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

118 Texas Ave Atlantic City, NJ 08401
Atlantic City metro Census 400 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2003
7 recorded transactions
2020
Price N/A
2018
Price N/A
2018
Price N/A
2017
Price N/A
2010
Price N/A
2003
$425,000
1969
Price N/A

Zoning & alternative use

RS-C · Atlantic City, NJ
Zoning description

When the RS-C zone was first implemented, the minimum lot area required for a casino was two (2) acres. While that remains unchanged to the present, the actual space required by casinos has increased almost ten-fold. Tod…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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