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Financial
Distress signals
Property profile

2318 Fairmount Ave Atlantic City, NJ 08400

FOR SALE
Other industrial properties
Property ID
US59-1054946
10,156 SF 0.14 ac lot Built 1920
Last sale Oct 1994 · $160,000
Individually Owned Owner of record is an individual. 30-yr Hold Held for 30 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 2318 Fairmount Avenue in Atlantic City is a two-story building with an auto body shop used on the first floor. The second floor is configured as open, flexible space suitable for redevelopment, consistent with the site’s MURD (Mixed-Use Residential Development) zoning. The building is located near major highway access at the entrance to Atlantic City, providing convenient roadway connectivity, and it is situated within the broader area near local destinations including the Atlantic City Boardwalk and Beach, as well as nearby casinos and shopping outlets.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$15k
Tax billed · 2022
Assessed value · 2023$405k
Assessed land$100k
Assessed improvement$305k
Effective rate3.78%

Value estimate

· Oct 2026
$415k
$374k – $457k
AI approach$415k
Submarket $/SF estimate$668k
NOI build-up
Gross scheduled income$340k
Vacancy & credit loss−$29k
Operating expenses−$93k
NOI · 8.72% cap applied$218k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$103/SF
County average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$44 – $146

Cap rate analysis

How does the asset earn?
8.72%
$218k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
MURD
JurisdictionATLANTIC

Location intelligence

Which uses thrive at this corner?
Best fit: Furniture Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Furniture Store10.1
Storage Facility9.7
Auto Parts Store9.6

Location

2318 Fairmount Ave Atlantic City, NJ 08400
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

8 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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