1808 Boardwalk 102 Wildwood, NJ 08260-5403
Beach (B). Purpose: As a seaside resort, Wildwood's economic health is inextricably tied to the beach and ocean. Recognizing the special nature and economic opportunities presented by these elements, the Beach Zone was created to allow for unique and imaginative development and uses while protecting and preserving these precious environmental resources. The…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
B · Wildwood, NJBeach (B). Purpose: As a seaside resort, Wildwood's economic health is inextricably tied to the beach and ocean. Recognizing the special nature and economic opportunities presented by these elements, the Beach Zone was created to allow for unique and imaginative development and uses while protecting and preserving these precious environmental resources. The following regulations are adopted to reinforce the City's policies ensuring an unobstructed view from the Boardwalk to the beach and ocean, to ensure continued use for the City's residents and visitors, and to ensure the vitality of the beach as a natural resource. All uses and structures in the Beach Zone are subject to applicable federal and state regulations. Permitted Uses: Open space, bathing beaches, and beach and water recreation. Seasonal recreation, entertainment, and athletic activities and events, including temporary facilities for the same. Seasonal recreation and tourist-related concessions and other commercial activities, including temporary facilities for the same. Governmentally sponsored permanent and nonpermanent public access pedestrian walkways, stairs, pathways, walkthroughs, and walkovers to protect dunes and to provide access on and along the beach and from the Boardwalk to the ocean. Governmentally sponsored public safety and public use structures and buildings necessary for public safety, including first aid stations, lifeguard stations, comfort stations, ground level boardwalks, pavilions, lookout piers connected to the Boardwalk, and related facilities; uses and amenities designed to enhance and service the beach and Boardwalk, provided such use are also authorized by City Commission. Shore protection structures and projects, both structural and nonstructural, including groins, jetties, seawalls, revetments, bulkheads, beach nourishment, and dune creation; related improvements, such as sand/snow fencing and plantings to stabilize dunes and activities as may be permitted by relevant governmental agencies having jurisdiction over this section of the City. Educational, recreational, and ecotourism structures and activities as may be permitted by relevant governmental agencies having jurisdiction over this section of the City; observation decks, overlooks, scenic/nature trails, environmental interpretation stations, play stations and structures, playgrounds, parks, and conservation areas, including ancillary uses normal and customary to such uses.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.