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Property profile & analytics
OFF-MARKET
Estimated value
$9,710,000
Commercial real estate
3719 Bayshore Rd Cape May, NJ 08204-3553
Entity Owned
6-yr Hold
Free & Clear
Property ID
US59-1889397
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
3,014 SF
Lot
3.55 ac (154,638 SF)
Zoning code
GB-1
APN
05 00499- 02-00033- 01
UPID
US59-1889397
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
$11.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.71M
Owner & transaction history
Mdc Coast 21 LLC · 6 yrs held
Mdc Coast 21 LLC
since 2020
Last sale
$9.0M
7 recorded transactions
Zoning & alternative use
GB-1 · Cape May, 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 Cape May submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cape May 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
$9,690,000
ML approach
$11,235,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.71M
Range $8.74M – $10.68M · ±10% · vs last sale $8.95M (Jan 15 2020)
Last sale anchor
$8.95M
Jan 15 2020
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
$3,222 / 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
$44,574
Tax year 2022
Assessed value
$2,300,000
Assessed 2023
Previous assessed
$2,300,000
+0.0% YoY
Effective rate
1.94%
On assessed value
Assessed land
$1,036,400
Assessed improvement
$1,263,600
Land market value
$1,036,400
Improvement market value
$1,263,600
Total market value
$2,300,000
Applied tax rate
5.0000
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
Heating
NONE
Units
1
Total area
3,014 SF
Lot
3.55 ac (154,638 SF)
Zoning code
GB-1
APN
05 00499- 02-00033- 01
UPID
US59-1889397
Jurisdiction
CAPE MAY
Zoning & alternative use
GB-1 · Cape May, NJZoning GB-1 · permitted uses
GB-1 · Cape May, 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
Heating
NONE
Units
1
Lot
3.55 ac
Current owner
From public records · entity-resolved
Mdc Coast 21 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
11995 EL CAMINO REAL, SAN DIEGO, CA 92130-2539
Ownership since
2020
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
Jan 15, 2020
$8,954,863
Mdc Coast 21 LLC
Cole Ww Cape May Nj LLC
Grant Deed
—
Sep 25, 2012
$7,639,896
Cole Ww Cape May Nj LLC
Cape May Cs Associates LLC
Grant Deed
related
—
Aug 24, 2006
$1
Cape May Cs Associates LLC
Cape May Cs Associates LLC
Grant Deed
related
$5,291,000 · Wells Fargo Bk/nw
Jul 31, 2006
$2,300,000
Cape May Cs Associates
Wawa INC
Grant Deed
—
Sep 23, 2005
$1
Wawa INC
Wawa INC
Grant Deed
related
—
Feb 20, 2004
$1
Wawa INC
Wawa INC
Grant Deed
related
—
—
—
Cole Ww Cape May Nj LLC
—
Deed Of Trust
related
$250,000,000 · J P Morgan Chase Bank
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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