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Property profile & analytics
OFF-MARKET Estimated value $385,000
Residential income homes

225 Spicer Ave 27 Wildwood, NJ 08260-4726

4,584 SF 0.18 ac lot Built 1948
Entity Owned 6-yr Hold
Property ID
US59-0567617
Property profile
Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1948
Construction CONCRETE BLOCKS
Total area 4,584 SF
Lot 0.18 ac (8,002 SF)
Zoning code RM
APN 14 00156-0000-00007
UPID US59-0567617
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
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k
Owner & transaction history
Sea Watch By The Sea LLC · 6 yrs held
Sea Watch By The Sea LLC
since 2020
Last sale
$358,000
1 recorded transaction
2020
$358,000
Zoning & alternative use
RM · Wildwood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Residential Multifamily (RM). Purpose. The Residential Multi-Family (RM) Zoning District provides for single-family detached and semi-detached dwellings in buildings containing up to three attached units. Permitted Uses. Single-family detached dwelling units. Single-family semi-detached dwelling units. Two-family (duplex) dwelling units. Multi-family dwellin…

Zone name Multifamily Residential
General category RESIDENTIAL
Zone area 45.16 ac
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