Individually Owned 
For Sale
1 / 41
$2,500,000
2318 Fairmount Ave, Atlantic City, NJ 08400
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Property summary
AI-generated overview
Located at 2318 Fairmount Avenue in Atlantic City, this two-story commercial property has a ground floor currently configured for use as an auto body shop and a second-floor space described as largely unfinished/blank, providing flexibility for future build-out. The site is positioned just off a highway entrance into the city, with convenient access and street visibility, and it is situated near major Atlantic City destinations including the Boardwalk and beach area, as well as casinos and shopping outlets. Zoning is indicated as MURD (Mixed-Use Residential Development), supporting mixed-use residential development plans and potentially office use depending on the intended development concept.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1920
Construction
BRICK
Total area
10,156 SF
Lot
0.14 ac (6,068 SF)
Zoning code
MURD
APN
02 00338-0000-00003
UPID
US59-1054946
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store Printing Service
-
Auto Repair Shop
-
Parking Lot & Garage
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$668k
Blend (final)
Blend
$415k
Owner & transaction history
1 recorded transaction
Zoning & alternative use
MURD · Atlantic City, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$415k
Value range
$374k – $457k
±10% around blend
Estimated value / SF
$41 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
Income certainty
100
$374k
blend $415k
$457k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
10,156 SF
Lot area
0.14 ac
Year built
1920
Stories
2
APN
02 00338-0000-00003
Zoning
MURD
Assessed value
$404,600
Annual tax
$15,282
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$15,282
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$668k
Range $446k – $1.49M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$415k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 21 sales
$103
-60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $41/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
8.72%
Selected cap rate for this other industrial properties
Derived from the Atlantic City market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.72%
9.0%
NOI (est.)
$218k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.50M
Move the market yield to see immediate price impact.
Value / SF
$246
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.22%8.72%9.22%
$196k
$2.39M
$2.25M
$2.13M
$218k
$2.65M
$2.50M
$2.36M
$240k
$2.92M
$2.75M
$2.60M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$15,282
Tax year 2022
Assessed value
$404,600
Assessed 2023
Previous assessed
$404,600
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$100,100
Assessed improvement
$304,500
Land market value
$100,100
Improvement market value
$304,500
Total market value
$404,600
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
1920
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
10,156 SF
Lot
0.14 ac (6,068 SF)
Zoning code
MURD
APN
02 00338-0000-00003
UPID
US59-1054946
Jurisdiction
ATLANTIC
Zoning & alternative use
MURD · Atlantic City, NJZoning MURD · permitted uses
MURD · Atlantic City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.14 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MURD
Jurisdiction
Atlantic City, NJ
Recorded code
MURD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for MURD in Atlantic City, NJ.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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