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    Property profile & analytics

    12 Patterson Ave Cape May, NJ 08204

    • Parking lots & garages
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US59-3194448
    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.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 12 Patterson Ave

    Lot size
    0.15 lot acres
    Zone code
    C-3
    Property type
    Parking lots & garages
    APN
    02 01018-0000-00007
    APU
    201018000000007

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cape May
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.9304
    Latitude
    38.9309
    CBSA code
    36140
    CBSA name
    OCEAN 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
    2023
    $7,018
    $648,000
    $5,400
    $653,400
    -
    $648,000
    $5,400
    $653,400

    Comparable in this City

    • Value Estimation
      $260,000
      0.04 Acres

      315 Decatur St

      PARKING LOT • 0.04 Acres
      315 Decatur St, Cape May, NJ 08204
      View Details
    • Value Estimation
      $415,000
      1,100 SF

      3731 Bayshore Rd

      GAS STATION • 1,100 SF
      3731 Bayshore Rd, Cape May, NJ 08204-3553
      View Details
    • Value Estimation
      $440,000
      0.90 Acres

      795 Rte 109

      SERVICE STATION (FULL SERVICE) • 0.90 Acres
      795 Rte 109, Cape May, NJ 08204-4690
      View Details
    • Value Estimation by Request
      0.48 Acres

      991 Ocean Dr

      RESTAURANT • 0.48 Acres
      991 Ocean Dr, Cape May, NJ 08204-1855
      View Details
    • Value Estimation by Request
      0.44 Acres

      Myrtle Ave At Park Blvd

      DRUG STORE, PHARMACY • 0.44 Acres
      Myrtle Ave At Park Blvd, Cape May, NJ 08204
      View Details
    • Value Estimation by Request
      0.36 Acres

      1212-1216 Rte 109th, Unit 1216

      BAR, TAVERN • 0.36 Acres
      1212-1216 Rte 109th, Cape May, NJ 08204-5221
      View Details

    Similar Nearby for Sale

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      Commercial Duplex in Prime Location

      Commercial duplex in North Cape May with high visibility.
      3802 Bayshore, North Cape May, NJ 08204
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    • $4,250,000
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      Route 109 Commercial/Industrial Opportunity

      Commercial/Industrial property in Lower Township's Marina District near popular restaurants.
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    12 Patterson Ave
    Cape May, NJ 08204
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    Realmo Value Estimation

    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.

    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.

    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
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