Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    222 Ocean Ave Ocean City, NJ 08226-4160
    Back to Search
    Property profile & analytics

    222 Ocean Ave, Ocean City, NJ 08226-4160

    View on Map
    • Residential income homes
    • 3,080 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US59-2733527
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 222 Ocean Ave

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.09 lot acres
    Zone code
    NE1
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    08 00208-0000-00020
    APU
    800208000000020

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 17, 2008 $550,000 222 Ocean Lllc Siftings Sands Of Ocean City LLC Grant Deed —
    Nov 8, 2004 $415,000 Sifting Sands Of Ocean City Ll Walter,dean A & Jacqueline M Grant Deed $450k · Boardwalk Bk
    Oct 27, 1988 $255,000 Benedict J Trigani Unknown Grant Deed —
    — — 222 Ocean LLC — Deed Of Trust · related $440k · Cape Bk
    — — 222 Ocean LLC — Deed Of Trust · related $1.4M · Tioga Franklin Svgs
    — — 222 Ocean LLC — Deed Of Trust · related $500k · Tioga Franklin Svgs

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ocean City
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.5652
    Latitude
    39.2844
    CBSA code
    36140
    CBSA name
    OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,135
    $387,800
    $111,200
    $499,000
    -
    $387,800
    $111,200
    $499,000

    Comparable in this City

    • Value Estimation
      $875,000
      5,344 SF

      1600th Asbury Avef

      APARTMENT HOUSE (UNDER 5 UNITS)
      1600th Asbury Avef, Ocean City, NJ 08226-3030
      View Details
    • Value Estimation by Request
      0.11 Acres

      708 Moorlyn Ter, Unit 10

      APARTMENT HOUSE (UNDER 5 UNITS)
      708 Moorlyn Ter, Ocean City, NJ 08226-3629
      View Details
    • Value Estimation
      $755,000
      5,652 SF

      418 Ocean Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      418 Ocean Ave, Ocean City, NJ 08226-3685
      View Details
    • Value Estimation by Request
      0.14 Acres

      804 Wesley Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      804 Wesley Ave, Ocean City, NJ 08226-3637
      View Details
    • Value Estimation by Request
      0.10 Acres

      706 Wesley Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      706 Wesley Ave, Ocean City, NJ 08226-3732
      View Details
    • Value Estimation by Request
      1,204 SF

      814 6th St

      APARTMENT HOUSE (UNDER 5 UNITS)
      814 6th St, Ocean City, NJ 08226-3873
      View Details

    Similar Nearby for Sale

    • New
      $1,699,000
      950 SF

      Ocean City Mixed-Use Investment

      Mixed-use property with commercial space and five renovated residential units.
      301 10Th St, Ocean City, NJ 08226
      View Details
    • $2,374,999
      2,000 SF

      Prime Ocean City Investment Opportunity

      High-traffic corner property with commercial units and apartments.
      503-505 E 9Th St, Ocean City, NJ 08226
      View Details
    • New
      $3,195,000
      5,600 SF

      Historic Ocean City Multifamily Property

      Iconic Victorian with six units near beach and boardwalk.
      816 Wesley Ave, Ocean City, NJ 08226
      View Details
    • New
      $3,599,900

      Duplex with Rooftop Deck

      Two fully built-out units with renovated interiors, multiple decks, and attached garages on a corner lot.
      108-10 21St St, Ocean City, NJ 08226
      View Details
    • $1,499,000
      0.16 Acres

      Ocean City Multifamily Home

      Charming multifamily property near the ocean in Ocean City, NJ.
      5224 Haven Ave, Ocean City, NJ 08226
      View Details
    • $1,499,000
      0.08 Acres

      Historic Ocean City Corner Triplex

      Coastal charm triplex in the heart of Downtown Ocean City.
      1061 West Ave, Ocean City, NJ 08226
      View Details

    Similar Nearby for Lease

    • $1,300 /Mo

      Ocean City Landmark Building

      Landmark building in Ocean City with downtown and water views.
      801 Asbury Ave, Ocean City, NJ 08226
      View Details
    • New
      $625 /Mo

      Third-Floor Executive Office Suite

      Executive suite on the 3rd floor with dedicated restroom, elevator access, on-site parking, and utilities included.
      701 West Ave, Ocean City, NJ 08226
      View Details
    • New
      $675 /Mo

      Third-Floor Executive Office Suite

      Executive Suite 301 offers a private office with natural light, elevator access, and included utilities in a renovated business center.
      701 West Ave, Ocean City, NJ 08226
      View Details
    • New
      $1,400 /Mo

      Executive Corner Office Suite

      Third-floor executive corner office with dedicated restroom, fresh finishes, and elevator access.
      701 West Ave, Ocean City, NJ 08226
      View Details
    • New
      Contact for pricing

      Executive Office Suites on Third Floor

      Private executive offices with shared conference space, utilities included, and on-site parking at a renovated business center.
      701 West Ave, Ocean City, NJ 08226
      View Details
    • New
      $1,450 /Mo

      Private Second-Floor Office Suite

      Interior second-floor office suite with private side entrance and elevator access for client-facing professional services.
      761 Asbury Ave, Ocean City, NJ 08226
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    222 Ocean Ave
    Ocean City, NJ 08226-4160
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    222 Ocean Ave, Ocean City, NJ, 08226
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!