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    Property profile & analytics

    40 Pennington Ave Mays Landing, NJ 08330-1741

    • Residential income homes
    • 3,659 SF
    • 0.32 lot acres
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US59-1331723
    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 40 Pennington Ave

    Year built
    1936
    Construction
    FRAME
    Lot size
    0.32 lot acres
    Property size
    3,659 SF
    Zone code
    GC
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    12 00748-0000-00023
    APU
    1200748000000023

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $205,000
      7%
      $205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $175,000
      Geo Method
      $185,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $200,000
      Retail
      $190,000
      Mixed-Use
      $195,000
      Hospitality
      $215,000
      Educational
      $155,000
      Residential Income
      $200,000
      Energy
      $180,000
      Income-Based Land
      $165,000
      Food Service
      $170,000

    Location Insight

    • Map
    • Local Demand
    City
    Mays Landing
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.7271
    Latitude
    39.4514
    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
    $5,484
    $55,900
    $114,100
    $170,000
    -
    $55,900
    $114,100
    $170,000

    Comparable in this City

    • Value Estimation by Request
      13.50 Acres

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    • Value Estimation by Request
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      APARTMENT HOUSE (UNDER 5 UNITS) • 360 SF
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    • Value Estimation
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      33.94 Acres

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    • Value Estimation
      $340,000
      4,480 SF

      6074 Black Horse Pike

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,480 SF
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    • Value Estimation by Request
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      APARTMENT HOUSE (UNDER 5 UNITS) • 52.37 Acres
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    • Value Estimation by Request
      14,784 SF

      6473 Harding Hwy

      APARTMENT HOUSE (UNDER 5 UNITS) • 14,784 SF
      6473 Harding Hwy, Mays Landing, NJ 08330-1020
      View Details

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    Mays Landing, NJ 08330-1741
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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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