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    Property profile & analytics

    361 Cedar Ave Richland, NJ 08350-2461

    • Residential income homes
    • 1,320 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US59-1855353
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 361 Cedar Ave

    Year built
    1950
    Lot size
    0.85 lot acres
    Property size
    1,320 SF
    Zone code
    FA2
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    05 05102-0000-00010
    APU
    505102000000010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $375,000
      6.5%
      $330,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $395,000
      Geo Method
      $325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $400,000
      Mixed-Use
      $345,000
      Hospitality
      $290,000
      Educational
      $380,000
      Residential Income
      $305,000
      Energy
      $315,000
      Income-Based Land
      $360,000
      Food Service
      $335,000

    Location Insight

    • Map
    • Local Demand
    City
    Richland
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.8777
    Latitude
    39.4899
    CBSA code
    12100
    CBSA name
    ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,024
    $52,800
    $119,200
    $172,000
    -
    $52,800
    $119,200
    $172,000

    Comparable in this City

    • Value Estimation
      $380,000
      3,144 SF

      349 Cedar Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,144 SF
      349 Cedar Ave, Richland, NJ 08350-2408
      View Details
    • Value Estimation by Request
      1.92 Acres

      523 Railroad Blvd

      Land • 1.92 Acres
      523 Railroad Blvd, Buena Vista Township, NJ 08350
      View Details
    • Value Estimation
      $215,000
      2,564 SF

      1328 Harding Hwy

      COMMERCIAL (GENERAL) • 2,564 SF
      1328 Harding Hwy, Richland, NJ 08350-2445
      View Details
    • Value Estimation
      $340,000
      0.67 Acres

      1315 Harding Hwy

      OFFICE BUILDING • 0.67 Acres
      1315 Harding Hwy, Richland, NJ 08350-2205
      View Details
    • Value Estimation
      $335,000
      7,650 SF

      529 Tuckahoe Rd

      WAREHOUSE, STORAGE • 7,650 SF
      529 Tuckahoe Rd, Richland, NJ 08350
      View Details
    • Value Estimation
      $235,000
      0.83 Acres

      408 Cedar Ave

      COMMERCIAL (GENERAL) • 0.83 Acres
      408 Cedar Ave, Richland, NJ 08350
      View Details

    Similar Nearby for Sale

    • $55,000
      8.48 Acres

      Richland Buildable 8.48 Acre Lot

      8.48 acre lot with pinelands approval for single family dwelling.
      Prep St, Richland, NJ 08350
      View Details
    • $249,900
      3,000 SF

      Harding Highway Retail Opportunity

      High-visibility retail space, flexible use.
      1335 Harding Hwy, Richland, NJ 08350
      View Details
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    Richland, NJ 08350-2461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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