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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Residential income homes
225 Cresse Ave, Wildwood, NJ 08260-4493
Entity Owned
3-yr Hold
Property ID
US59-0778861
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1905
Construction
FRAME
Total area
3,686 SF
Lot
0.09 ac (3,999 SF)
Zoning code
RM
APN
14 00007-0000-00006
UPID
US59-0778861
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
$785k
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$620k
Owner & transaction history
Zz Wildwood Equities LLC · 3 yrs held
Zz Wildwood Equities LLC
since 2022
Last sale
$500,000
7 recorded transactions
Zoning & alternative use
RM · Wildwood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$820,000
+28.5%
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
Method
Estimation
Statistic approach
$740,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$640,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +29% · Conversion: Moderate
OFFICE BUILDING
$620,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$620k
Range $558k – $682k · ±10% · vs last sale $500k (Dec 23 2022)
Last sale anchor
$500k
Dec 23 2022
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
$168 / 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
$9,584
Tax year 2022
Assessed value
$313,700
Assessed 2023
Previous assessed
$313,700
+0.0% YoY
Effective rate
3.06%
On assessed value
Assessed land
$145,000
Assessed improvement
$168,700
Land market value
$145,000
Improvement market value
$168,700
Total market value
$313,700
Applied tax rate
14.0000
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
1905
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Total area
3,686 SF
Lot
0.09 ac (3,999 SF)
Zoning code
RM
APN
14 00007-0000-00006
UPID
US59-0778861
Jurisdiction
CAPE MAY
Zoning & alternative use
RM · Wildwood, NJ
Zoning RM · permitted uses
RM · Wildwood, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wildwood. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$640,000
COMMERCIAL (GENERAL)
Est. value
$820,000
OFFICE BUILDING
Est. value
$620,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1905
Construction
FRAME
Heating
NONE
Stories
3
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Zz Wildwood Equities LLC
Entity
Mailing address
10 CURTIS AVE, WOODBURY, NJ 08096-4620
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2022
$500,000
Zz Wildwood Equities LLC
Louis Altobell
Deed
$1,619,010 · Louis H Altobelli
Jun 3, 2022
$395,000
Louis Altobelli
22e E Cresse Ave LLC
Deed
—
Nov 19, 2019
$395,000
225 E Cresse Ave LLC
Piero Digiannantonio
Grant Deed
$319,000 · Piero Digiannantonio
Nov 19, 2019
—
Piero Digiannantonio
Joseph D Montello
Grant Deed
related
—
Dec 3, 2018
—
Digiannantonio
Montello,joseph D
Deed In Lieu Of Foreclosure
related
—
Dec 8, 2017
—
Joseph Montello
Montello,carol K
Quit Claim Deed
related
$333,238 · Piero Digiannantonio
Oct 1, 2012
$274,000
Carol K Montello
Digiannantonio,piero
Grant Deed
$363,000 · Piero Digiannantonio
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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