Technical
Financial
Distress signals
Property profile

1606 Simpson Ave Ocean City, NJ 08226

OFF-MARKET
Residential income homes
Property ID
US59-0567989
0.24 ac lot
Entity Owned 22-yr Hold Absentee Owner
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Construction FRAME
Lot 0.24 ac (10,350 SF)
Zoning code S10
APN 08 01607-0000-00010
UPID US59-0567989

Cap rate & NOI

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

Location

1606 Simpson Ave Ocean City, NJ 08226
Ocean City metro Census 20102 OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

S10 · Ocean City, NJ

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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