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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Commercial real estate
2619 Dune Dr Avalon, NJ 08202-1986
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US59-1988794
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
3,485 SF
Lot
0.15 ac (6,599 SF)
Zoning code
B-1
APN
01 00026- 03-00041- 01
UPID
US59-1988794
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
Current use
Occupant on record · Public records
-
vineyard vines Women'S Clothing Store Clothing Store
-
Addison Bay Avalon Clothing Store
-
Lisi Lerch Bungalow Avalon Clothing & Fashion Store
-
Noah Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$480k
Comparable Approach
Comparable
$763k
Blend (final)
Blend
$735k
Owner & transaction history
2619 Dune Dr LLC · 6 yrs held
2619 Dune Dr LLC
since 2019
7 recorded transactions
Zoning & alternative use
B-1 · Avalon, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Avalon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Avalon 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$520,000
6.5%
$480,000
7%
$445,000
Blend value · Realmo final
$735k
Range $662k – $809k · ±10%
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
$211 / 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
$6,738
Tax year 2022
Assessed value
$1,186,300
Assessed 2023
Previous assessed
$1,186,300
+0.0% YoY
Effective rate
0.57%
On assessed value
Assessed land
$1,001,000
Assessed improvement
$185,300
Land market value
$1,001,000
Improvement market value
$185,300
Total market value
$1,186,300
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
3,485 SF
Lot
0.15 ac (6,599 SF)
Zoning code
B-1
APN
01 00026- 03-00041- 01
UPID
US59-1988794
Jurisdiction
CAPE MAY
Zoning & alternative use
B-1 · Avalon, NJ
Zoning B-1 · permitted uses
B-1 · Avalon, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Avalon. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
2619 Dune Dr LLC
Entity
Mailing address
PO BOX 1826, CHERRY HILL, NJ 08034-0110
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2019
$1,250,000
2619 Dune Dr LLC
LP Holdings LLC
Grant Deed
—
May 31, 2012
$1,150,000
LP Holdings LLC
Ll & N LLC
Grant Deed
related
—
—
—
Ll & N LLC
—
Deed Of Trust
related
$150,000 · Cape Bank
—
—
LP Holdings LLC
—
Deed Of Trust
related
$516,000 · New Jersey Business Fin Co
—
—
Lpholdings LLC
—
Deed Of Trust
related
$171,000 · Daniel & Margery Szarek
—
—
Lpholdings LLC
—
Deed Of Trust
related
$600,000 · Ocean City Home Bank
—
—
Lpholdings LLC
—
Deed Of Trust
related
$500,000 · Ocean City Home Bank
—
—
Tirney,stephen G & Patricia M
—
Deed Of Trust
related
$410,000 · Morgan Stanley Cr
—
—
Ll & N LLC
—
Deed Of Trust
related
$25,000 · Boardwalk Bk
—
—
Ll & N LLC
—
Deed Of Trust
related
$222,750 · Boardwalk Bk
—
—
Ll & N LLC
—
Deed Of Trust
related
$222,750 · Boardwalk Bk
—
—
Ll & N LLC
—
Deed Of Trust
related
$100,000 · Cape Bk
—
—
Ll & N LLC
—
Loan Modification
related
$25,000 · Boardwalk Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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