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Property profile & analytics
OFF-MARKET
Commercial real estate

232 Spruce Ave North Wildwood, NJ 08260

0.48 ac lot Built 1980
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US59-1134611
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Construction CONCRETE BLOCKS
Lot 0.48 ac (21,000 SF)
Zoning code CBD
APN 07 00160- 02-00001
UPID US59-1134611
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
Libation Station 2 LLC · 4 yrs held
Libation Station 2 LLC
since 2022
3 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CBD · North Wildwood, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CBD) Zoning District. (3) A preexisting R-2 Zoning District spanned the length of the City between New Jersey and Central Avenue(s), except for the existing lots fronting 17th Avenue between New Jersey and Central Avenue(s). The preexisting R-2 lands are to be reclassified and absorbed into the adjacent R1.5 Zoning District. (4) Consistent with the City's po…

Zone name Central Business District
General category COMMERCIAL
Zone area 56.06 ac
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