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    Property profile & analytics

    124 Sunset Blvd, Unit 2 Cape May, NJ 08204-4155

    • Office buildings
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $710,000
    Last Sale
    May 24, 2022
    $579,000
    Location Intelligence
    Property ID
    US59-2467008
    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

    • Office buildings

    Property Details for 124 Sunset Blvd

    Year built
    2000
    Lot size
    0.45 lot acres
    Property type
    Office buildings
    APN
    12 00033-0000-00014-0000-C02
    APU
    12000330000000140000C02

    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
    -74.9324
    Latitude
    38.9354
    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
    2022
    $3,462
    $156,900
    $98,600
    $255,500
    -
    $156,900
    $98,600
    $255,500

    Comparable in this City

    • Value Estimation by Request
      1,131 SF

      122 Sunset Blvd

      OFFICE BUILDING • 1,131 SF
      122 Sunset Blvd, Cape May, NJ 08204-4155
      View Details
    • Value Estimation
      $305,000
      1,200 SF

      3821 Bayshore Rd

      OFFICE BUILDING • 1,200 SF
      3821 Bayshore Rd, Cape May, NJ 08204-3207
      View Details
    • Value Estimation by Request
      3.26 Acres

      650 Town Bank Rd

      OFFICE BUILDING • 3.26 Acres
      650 Town Bank Rd, Cape May, NJ 08204-4417
      View Details
    • Value Estimation
      $355,000
      1.07 Acres

      3849 Bayshore Rd

      OFFICE BUILDING • 1.07 Acres
      3849 Bayshore Rd, North Cape May, NJ 08204-3207
      View Details
    • Value Estimation
      $445,000
      0.24 Acres

      109 2nd Ave

      OFFICE BUILDING • 0.24 Acres
      109 2nd Ave, Cape May, NJ 08204
      View Details
    • Value Estimation
      $305,000
      2,002 SF

      1246 Rte 109

      OFFICE BUILDING • 2,002 SF
      1246 Rte 109, Cape May, NJ 08204-5266
      View Details

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      Cape May Commercial/Industrial Opportunity

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    Cape May, NJ 08204-4155
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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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