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Property profile & analytics
OFF-MARKET
Estimated value
$445,000
Residential income homes
131 Washington Ave Egg Harbor City, NJ 08215
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-1339103
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1971
Construction
FRAME
Total area
6,336 SF
Lot
1.1 ac (47,999 SF)
Zoning code
R-6
APN
07 00102-0000-00001
UPID
US59-1339103
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
by Request
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$445k
Owner & transaction history
Egg Harbor Realty Holding LLC · 3 yrs held
Egg Harbor Realty Holding LLC
since 2022
4 recorded transactions
Zoning & alternative use
R-6 · Egg Harbor City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
is chapter. District Symbol Residential (22,500-square-foot minimum lot) R-22 Residential (11,250-square-foot minimum lot) R-11 Residential (9,000-square-foot minimum lot) R-9 Residential (6,000-square-foot minimum lot) R-6 Residential (3.2-acre minimum lot) R-3.2 Residential (forest, 20-acre minimum lot) R-20F Preservation PA Retail Commercial RC Highway Co…
Zone name
Single Family Residential 6000 Square Feet
General category
RESIDENTIAL
Zone area
137.91 ac
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 Egg Harbor City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Egg Harbor 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,205,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$800,000
Current use
INDUSTRIAL (GENERAL)
$650,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$445k
Range $401k – $490k · ±10%
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
$70 / 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
$36,295
Tax year 2022
Assessed value
$665,600
Assessed 2023
Previous assessed
$665,600
+0.0% YoY
Effective rate
5.45%
On assessed value
Assessed land
$227,500
Assessed improvement
$438,100
Land market value
$227,500
Improvement market value
$438,100
Total market value
$665,600
Applied tax rate
7.0000
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
1971
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
6,336 SF
Lot
1.1 ac (47,999 SF)
Zoning code
R-6
APN
07 00102-0000-00001
UPID
US59-1339103
Jurisdiction
ATLANTIC
Zoning & alternative use
R-6 · Egg Harbor City, NJZoning R-6 · permitted uses
R-6 · Egg Harbor City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
is chapter. District Symbol Residential (22,500-square-foot minimum lot) R-22 Residential (11,250-square-foot minimum lot) R-11 Residential (9,000-square-foot minimum lot) R-9 Residential (6,000-square-foot minimum lot) R-6 Residential (3.2-acre minimum lot) R-3.2 Residential (forest, 20-acre minimum lot) R-20F Preservation PA Retail Commercial RC Highway Commercial HC Industrial IND Industrial Business Park IBP Commercial X CX Commercial
Zone name
Single Family Residential 6000 Square Feet
General category
RESIDENTIAL
Zone area
137.91 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$800,000
INDUSTRIAL (GENERAL)
Est. value
$650,000
APARTMENT HOUSE (5+ UNITS) Current
INDUSTRIAL (GENERAL)
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
1971
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Egg Harbor Realty Holding LLC
Entity
Mailing address
1608 RTE 88TH STE #200, BRICK, NJ 08724-3009
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2022
—
Egg Harbor Realty Holding LLC
Egg Harbor Realty Holding LLC
Intrafamily Transfer
related
—
—
—
Egg Harbor Realty Holding LLC
—
Deed Of Trust
related
$2,400,000 · New York Cmnty Bk
—
—
Egg Harbor Realty Holding LLC
—
Deed Of Trust
related
$2,470,721 · New York Community Bank
—
—
Egg Harbor Realty Holding LLC
—
Deed Of Trust
related
$2,600,000 · New York Community Bank
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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