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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Residential income homes
22 Ocean St Cape May, NJ 08204-2412
Individually Owned
6-yr Hold
Property ID
US59-2593257
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1888
Construction
FRAME
Total area
1,115 SF
Lot
0.13 ac (5,480 SF)
Zoning code
R-S
APN
02 01047-0000-00004
UPID
US59-2593257
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
$1.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$861k
Blend (final)
Blend
$1.36M
Owner & transaction history
Emmanuel Demutis · 6 yrs held
Emmanuel Demutis
since 2020
Last sale
$1.3M
6 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
Method
Estimation
Statistic approach
$1,385,000
ML approach
$1,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10% · vs last sale $1.28M (Aug 3 2020)
Last sale anchor
$1.28M
Aug 3 2020
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
$1,215 / SF
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
$12,877
Tax year 2022
Assessed value
$1,247,800
Assessed 2023
Previous assessed
$1,247,800
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$741,500
Assessed improvement
$506,300
Land market value
$741,500
Improvement market value
$506,300
Total market value
$1,247,800
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
1888
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
1,115 SF
Lot
0.13 ac (5,480 SF)
Zoning code
R-S
APN
02 01047-0000-00004
UPID
US59-2593257
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
1888
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Emmanuel Demutis
Individual
Mailing address
1086 SNYDER AVE, PHOENIXVILLE, PA 19460-1895
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2020
$1,280,000
Emmanuel Demutis
Hall Lic Leith
Grant Deed
$510,400 · Caliber Hm Loans
Jan 6, 2004
$1
Leith Hall INC
Zingman-leith,elan I & Susan E
Grant Deed
related
$590,000 · Sturdy Svgs Bk
Apr 7, 1989
$400,000
Elan I Zingman-leith
Unknown
Grant Deed
—
—
—
Leith Hall LLC
—
Deed Of Trust
related
$700,000 · Sturdy Svgs Bk
—
—
Leith Hall LLC
—
Deed Of Trust
related
$33,000 · Sturdy Svgs Bk
—
—
Leith Hall LLC
—
Deed Of Trust
related
$122,000 · Sturdy Savings Bank
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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