Entity Owned Property summary
This exceptional mixed-use property in Atlantic City, NJ, presents a compelling investment opportunity. Located at 1637 Atlantic Ave, this three-story, 4,602 square foot building boasts a prime location near the Atlantic City Hospital, casinos, beach, and boardwalk, making it highly attractive to both residents and businesses. The property, built in 1930 and extensively renovated in 2023 and 2024, sits on a 2,200 square foot lot and is zoned CBD. The building comprises a 2,200 square foot… commercial storefront with two private bathrooms, and two residential apartments. The first apartment features three bedrooms, a large private deck, newly painted walls, and new carpeting. The second apartment is a fully renovated two-bedroom unit with a den/extra sleeping area and a large private deck, boasting a new kitchen, flooring, lighting, paint, doors, and trim. All units have separate gas and electric meters. The property generates substantial income: the storefront commands $2,500 monthly rent ($30,000 annually), while each apartment rents for $1,650 monthly ($19,800 annually). Annual expenses include water and sewer ($1,100), insurance ($4,500), property taxes ($8,750), and miscellaneous expenses ($5,000), resulting in a net operating income (NOI) of $50,250 and a 10.6% capitalization rate. This turnkey investment offers immediate cash flow and significant potential for future appreciation, situated advantageously near a new 125,000 square foot agricultural museum development. The property is offered at $475,000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 6 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,602 SF
- Lot area
- 0.05 ac
- Year built
- 1930
- Stories
- 2
- APN
- 02 00290-0000-00007
- Zoning
- CBD
- Assessed value · 2023
- $232,500
- Annual tax · 2022
- $8,782
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The CBD Central Business District is established to preserve and enhance commercial, financial, retail and similar activities and services of importance to the existing central business district. The district is intended…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
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