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Property profile & analytics
OFF-MARKET
Residential income homes
18 Gurney St Cape May, NJ 08204-2408
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1297988
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1869
Construction
FRAME
Total area
2,287 SF
Lot
0.09 ac (4,021 SF)
Zoning code
R-S
APN
02 01056-0000-00011
UPID
US59-1297988
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
18gruney LLC · 2 yrs held
18gruney LLC
since 2024
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,139
Tax year 2022
Assessed value
$788,700
Assessed 2023
Previous assessed
$788,700
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$615,100
Assessed improvement
$173,600
Land market value
$615,100
Improvement market value
$173,600
Total market value
$788,700
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
1869
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
2,287 SF
Lot
0.09 ac (4,021 SF)
Zoning code
R-S
APN
02 01056-0000-00011
UPID
US59-1297988
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
1869
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
18gruney LLC
Entity
Mailing address
18 GURNEY ST, CAPE MAY COURT HOUSE, NJ 08210
Ownership since
2024
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
Jan 9, 2024
—
18gruney LLC
Derwin R Menz
Deed
—
Mar 10, 2023
$12,600
Louis M Bocchicchio
Township Of Middle
Deed
—
Dec 15, 2021
—
Laurice Anne Albed Irt
Laurice A Albed
Correction Deed
related
—
—
—
Derwin R Menz
—
Deed Of Trust
related
$275,000 · E Mortgage Management LLC
—
—
Menz,derwin R & Carol A
—
Deed Of Trust
related
$190,000 · Suncoast Mtg
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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