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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Residential income homes
204 Primrose Rd Wildwood Crest, NJ 08260-3951
Trust Owned
2-yr Hold
Free & Clear
Property ID
US59-0152369
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1968
Construction
CONCRETE BLOCKS
Lot
0.14 ac (5,998 SF)
Zoning code
R-2
APN
15 00068- 01-00017
UPID
US59-0152369
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
$705k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
Miree Family Trust · 2 yrs held
Miree Family Trust
since 2024
Last sale
$705,000
7 recorded transactions
Zoning & alternative use
R-2 · Wildwood Crest, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
In the R-2 Residential District, no building or premises shall be used and no building shall be erected or altered which is arranged, intended or designed to be used except for one of the following uses: A. Single-family and two-family residences in connection with which there may be a private garage if consistent with § 85-38D . There shall not be more than…
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
317.78 ac
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 Wildwood Crest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wildwood Crest 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
$705,000
ML approach
$705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $705k (Jan 19 2024)
Last sale anchor
$705k
Jan 19 2024
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
$6,641
Tax year 2022
Assessed value
$486,200
Assessed 2023
Previous assessed
$486,200
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$324,000
Assessed improvement
$162,200
Land market value
$324,000
Improvement market value
$162,200
Total market value
$486,200
Applied tax rate
15.0000
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
1968
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
0.14 ac (5,998 SF)
Zoning code
R-2
APN
15 00068- 01-00017
UPID
US59-0152369
Jurisdiction
CAPE MAY
Zoning & alternative use
R-2 · Wildwood Crest, NJZoning R-2 · permitted uses
R-2 · Wildwood Crest, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
In the R-2 Residential District, no building or premises shall be used and no building shall be erected or altered which is arranged, intended or designed to be used except for one of the following uses: A. Single-family and two-family residences in connection with which there may be a private garage if consistent with § 85-38D . There shall not be more than one single detached one- or two-family dwelling on a single lot. B. Parks and playgrounds not operated for profit. C. Municipal buildings and uses. D. Community residences for the developmentally disabled and community shelters for victims of domestic violence where they house six or less persons, excluding resident staff.
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
317.78 ac
Building & site characteristics
From public records
Year built
1968
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Miree Family Trust
Trust
Free & Clear · 2 yrs held
Mailing address
404 EMAIMI AVE, WILDWOOD CREST, NJ 08260
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 19, 2024
$705,000
Miree Family Trust
Kh Nj Ventures LLC
Deed
—
Jan 19, 2024
$600,000
Miree Family Trust
Kh Nj Ventures LLC
Deed
—
Nov 8, 2023
$310,000
April A Nase
Kh Nj Ventures LLC
Deed
—
Nov 2, 2023
$387,000
Andrew C Adams
Kh Nj Ventures LLC
Deed
$309,600 · Pennymac Loan Services LLC
Oct 10, 2023
$30,000
Michael Yarem JR
Khnj Ventures LLC
Deed
$190,000 · Nation One Mortgage Corp
Sep 22, 2023
$350,000
Edward Silva
Kh Nj Ventures LLC
Deed
—
Sep 6, 2023
$310,000
April A Nase
Kh Nj Ventres LLC
Deed
—
Jul 6, 2021
$550,000
Kh Nj Ventures LLC
George R Jablokow
Deed
—
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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