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Property profile & analytics
OFF-MARKET
Estimated value
$1,370,000
Residential income homes
307 Atlantic Ave Atlantic City, NJ 08401-7783
Individually Owned
3-yr Hold
Property ID
US59-0604405
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1920
Construction
BRICK
Total area
7,626 SF
Lot
0.09 ac (3,872 SF)
Zoning code
NEIR
APN
02 00124-0000-00051
UPID
US59-0604405
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
-
307 Atlantic Avenue Hotel Hotel & Motel
-
NEW! Ocean Getaway Apartments! Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
$1.34M
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$1.37M
Owner & transaction history
Dalipi Nj Ac Propertiesllc · 3 yrs held
Dalipi Nj Ac Propertiesllc
since 2022
Last sale
$1.4M
4 recorded transactions
Zoning & alternative use
NEIR · Atlantic City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.2M
+117.5%
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 Atlantic City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic 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
Method
Estimation
Statistic approach
by Request
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
$1,445,000
6.5%
$1,335,000
7%
$1,240,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,005,000
Current use
OFFICE BUILDING
$2,190,000
Change: +118% · Conversion: Moderate
COMMERCIAL (GENERAL)
$845,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.37M
Range $1.23M – $1.51M · ±10% · vs last sale $1.43M (Sep 28 2022)
Last sale anchor
$1.43M
Sep 28 2022
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
$180 / 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
$18,130
Tax year 2022
Assessed value
$480,000
Assessed 2023
Previous assessed
$480,000
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$120,000
Assessed improvement
$360,000
Land market value
$120,000
Improvement market value
$360,000
Total market value
$480,000
Applied tax rate
2.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1920
Construction
BRICK
Heating
NONE
Stories
3
Units
12
Total area
7,626 SF
Lot
0.09 ac (3,872 SF)
Zoning code
NEIR
APN
02 00124-0000-00051
UPID
US59-0604405
Jurisdiction
ATLANTIC
Zoning & alternative use
NEIR · Atlantic City, NJ
Zoning NEIR · permitted uses
NEIR · Atlantic City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$845,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
BRICK
Heating
NONE
Stories
3
Units
12
Lot
0.09 ac
Current owner
From public records · entity-resolved
Dalipi Nj Ac Propertiesllc
Individual
Mailing address
30 HARDY LN, WESTBURY, NY 11590-6512
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
$1,425,000
Dalipi Nj Ac Propertiesllc
307 Atlantic LLC
Deed
$1,050,000 · Univest Bank & Trust Co
Jun 1, 2022
$1,200,000
307 Atlantic Ave LLC
Md Dad & Sons Apartment LLC
Deed
$840,000 · Td Bank NA
May 28, 2013
$65,000
Md Dad & Sons Apartment LLC
Cohen Inv LLC
Grant Deed
—
Jul 3, 2007
—
Cohen Investments LLC
Cohen,evelyn K
Quit Claim Deed
related
—
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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