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Property profile & analytics
OFF-MARKET
Commercial real estate
224 22nd Ave Wildwood, NJ 08260
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1518208
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.14 ac (5,998 SF)
Zoning code
MC
APN
07 00229-0000-00009
UPID
US59-1518208
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Timothy Ryan · 1 yrs held
Timothy Ryan
since 2025
2 recorded transactions
Zoning & alternative use
MC · Wildwood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Any permitted commercial use in the Marine Commercial (MC) Zone may be permitted to extend its parking area into an adjacent residential zone if it complies with the following regulations: No access shall be permitted to the parking area from within the residential zone. Parking area may extend a maximum of 120 feet into the residential zone. A buffer strip…
Zone name
Marine Commercial
General category
COMMERCIAL
Zone area
41.22 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wildwood 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,417
Tax year 2023
Assessed value
$356,600
Assessed 2024
Previous assessed
$356,600
+0.0% YoY
Effective rate
1.52%
On assessed value
Assessed land
$350,000
Assessed improvement
$6,600
Land market value
$350,000
Improvement market value
$6,600
Total market value
$356,600
Applied tax rate
7.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Units
1
Lot
0.14 ac (5,998 SF)
Zoning code
MC
APN
07 00229-0000-00009
UPID
US59-1518208
Jurisdiction
CAPE MAY
Zoning & alternative use
MC · Wildwood, NJZoning MC · permitted uses
MC · Wildwood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Any permitted commercial use in the Marine Commercial (MC) Zone may be permitted to extend its parking area into an adjacent residential zone if it complies with the following regulations: No access shall be permitted to the parking area from within the residential zone. Parking area may extend a maximum of 120 feet into the residential zone. A buffer strip shall be provided between the parking area and the residential zone. The buffer strip shall consist of a ten-foot wide planted area and a screen fence of six feet in height. Shrubs shall be planted five feet on center and shall be five feet in height at the time of planting. Evergreen trees shall be six feet to eight feet tall and deciduous trees shall have a minimum caliper of 3 1/2 inches measured six inches above the ground.
Zone name
Marine Commercial
General category
COMMERCIAL
Zone area
41.22 ac
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Timothy Ryan
Individual
Mailing address
6102 PARK BLVD, WILDWOOD CREST, NJ 08260-1364
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2025
—
Timothy Ryan
2200 Atlantic Crcp LLC
Deed
$600,000 · Philadelphia FCU
Jan 6, 2023
—
2200 Atlantic Crcp LLC
—
Deed
related
$3,575,000 · Stormfield Capital Funding I LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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