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Property profile & analytics
OFF-MARKET
Commercial real estate
301 3rd St Ocean City, NJ 08226-4007
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0234857
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1967
Construction
BRICK
Total area
2,870 SF
Lot
0.08 ac (3,598 SF)
Zoning code
NB1
APN
08 00211-0000-00001
UPID
US59-0234857
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
Sound Portfoliollc · 1 yrs held
Sound Portfoliollc
since 2025
Last sale
$255,000
7 recorded transactions
Zoning & alternative use
NB1 · Ocean City, 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 Ocean City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,795
Tax year 2022
Assessed value
$854,700
Assessed 2023
Previous assessed
$254,900
+235.3% YoY
Effective rate
1.03%
On assessed value
Assessed land
$199,900
Assessed improvement
$654,800
Land market value
$199,900
Improvement market value
$654,800
Total market value
$854,700
Applied tax rate
8.0000
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
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
Year built
1967
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Total area
2,870 SF
Lot
0.08 ac (3,598 SF)
Zoning code
NB1
APN
08 00211-0000-00001
UPID
US59-0234857
Jurisdiction
CAPE MAY
Zoning & alternative use
NB1 · Ocean City, NJZoning NB1 · permitted uses
NB1 · Ocean City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1967
Construction
BRICK
Heating
NONE
Stories
1
Units
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Sound Portfoliollc
Individual
Mailing address
25TH VREELAND RD STE #104, FLORHAM PARK, NJ 07932-1925
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2025
—
Sound Portfoliollc
Benjamin Jacksonburnley Touring LLC
Quitclaim Deed
related
—
Apr 17, 2014
$255,000
Benjamin Jackson Burnley
Slater,marc B
Grant Deed
—
—
—
Slater,marc B
—
Deed Of Trust
related
$50,000 · Commerce Bk
—
—
Slater,marc B
—
Loan Modification
related
$50,000 · Commerce Bk
—
—
Slater,marc B
—
Loan Modification
related
$100,000 · Commerce Bk
—
—
Slater,marc B
—
Loan Modification
related
$50,000 · Commerce Bk
—
—
Slater,marc B
—
Deed Of Trust
related
$280,000 · Richard Tomasko
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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