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Property profile & analytics
OFF-MARKET
Estimated value
$2,255,000
Residential income homes
15 Jackson St Cape May, NJ 08204-1417
Individually Owned
5-yr Hold
Property ID
US59-3110143
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Construction
FRAME
Total area
3,088 SF
Lot
0.12 ac (5,149 SF)
Zoning code
R-S
APN
02 01041-0000-00025
UPID
US59-3110143
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
$2.56M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.26M
Owner & transaction history
Michael Dvorkin · 5 yrs held
Michael Dvorkin
since 2021
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
R-S · Cape May, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Cape May submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape May 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
$2,385,000
ML approach
$2,555,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.26M
Range $2.03M – $2.48M · ±10% · vs last sale $2.15M (Feb 23 2021)
Last sale anchor
$2.15M
Feb 23 2021
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
$730 / 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
$11,154
Tax year 2022
Assessed value
$1,080,800
Assessed 2023
Previous assessed
$1,080,800
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$671,000
Assessed improvement
$409,800
Land market value
$671,000
Improvement market value
$409,800
Total market value
$1,080,800
Applied tax rate
2.0000
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
1900
Construction
FRAME
Heating
NONE
Stories
3
Units
4
Total area
3,088 SF
Lot
0.12 ac (5,149 SF)
Zoning code
R-S
APN
02 01041-0000-00025
UPID
US59-3110143
Jurisdiction
CAPE MAY
Zoning & alternative use
R-S · Cape May, NJZoning R-S · permitted uses
R-S · Cape May, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
3
Units
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
Michael Dvorkin
Individual
Mailing address
15 JACKSON ST, CAPE MAY, NJ 08204-1417
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2021
$2,150,000
Michael Dvorkin
Robert W Mullen
Grant Deed
$1,720,000 · Ocean First Bk NA
Apr 1, 2005
$1,550,000
Mullen,robert W & Jennifer A
Ransom,robert C & Lisa G
Grant Deed
$1,000,000 · Wfb NA
Apr 14, 2004
$1,200,000
Ransom,robert C & Lisa C
Jones,flave & Carolyn
Grant Deed
$960,000 · New York Mtg
Feb 23, 1993
$575,000
Flave L Jones
Unknown
Grant Deed
—
—
—
Ransom,robert C & Lisa C
—
Deed Of Trust
related
$970,000 · Cape Svgs Bk
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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