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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Office Spaces
190 Kentucky Ave C1 Atlantic City, NJ 08401-7018
Trust Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1905590
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Lot
0.01 ac (287 SF)
Zoning code
RS-C
APN
02 00048-0000-00026-0000-C0001
UPID
US59-1905590
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
Current use
Occupant on record · Public records
-
Windows on the Water Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$605k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Spruill Family Trust · 16 yrs held
Spruill Family Trust
since 2009
Last sale
$640,000
7 recorded transactions
Zoning & alternative use
RS-C · Atlantic City, 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 Atlantic City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic City 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
$620,000
ML approach
$605,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $640k (Feb 5 2025)
Last sale anchor
$640k
Feb 5 2025
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
—
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
$3,822
Tax year 2022
Assessed value
$101,200
Assessed 2023
Previous assessed
$101,200
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$65,800
Assessed improvement
$35,400
Land market value
$65,800
Improvement market value
$35,400
Total market value
$101,200
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Heating
NONE
Units
1
Lot
0.01 ac (287 SF)
Zoning code
RS-C
APN
02 00048-0000-00026-0000-C0001
UPID
US59-1905590
Jurisdiction
ATLANTIC
Zoning & alternative use
RS-C · Atlantic City, NJ
Zoning RS-C · permitted uses
RS-C · Atlantic City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Spruill Family Trust
Trust
Free & Clear · 16 yrs held
Mailing address
1751 EASTON RD, WILLOW GROVE, PA 19090-4508
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2009
—
Spruill Family Trust
Spruill,willie J & Christine J
Quit Claim Deed
related
—
Apr 16, 2002
—
Larenaissance Condominium Assn
Vannote,jeffrey W
Grant Deed
related
—
Mar 15, 2002
—
Eric Byrd
Time No More INC
Grant Deed
related
—
Dec 18, 2001
—
Time No More INC
Cross,thomas H & Dianna
Grant Deed
related
—
Dec 14, 2001
—
Time No More INC
Wood,patricia D
Grant Deed
related
—
Sep 24, 2001
—
Thad E Rickard
Young,joe M
Grant Deed
related
—
Jul 30, 2001
—
Frank J Donia
Larenaissance Condominium Assn
Grant Deed
related
—
Apr 27, 2001
—
Daniel J Schmidt
La Renaissance Condominium
Grant Deed
related
—
Apr 20, 2001
—
Nancy R Mele
Abrams,george & Lenore
Quit Claim Deed
related
—
Mar 8, 2001
—
Larenaissance Condo Assoc INC
Miller,marie L
Grant Deed
related
—
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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