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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Office buildings
5 Cambridge Dr Ocean View, NJ 08230-1228
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US59-1409279
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
FRAME
Total area
2,470 SF
Lot
1 ac (43,647 SF)
Zoning code
CM2T
APN
11 00549-0000-00004- 01
UPID
US59-1409279
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
-
Engineering Design Associates PA Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$468k
Blend (final)
Blend
$570k
Owner & transaction history
1st Bank Of Sea Isle City · 21 yrs held
1st Bank Of Sea Isle City
since 2004
7 recorded transactions
Zoning & alternative use
CM2T · Ocean View, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$840,000
+102.3%
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 View submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean View 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
by Request
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$415,000
Current use
COMMERCIAL (GENERAL)
$840,000
Change: +102% · Conversion: Easy
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
$231 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,183
Tax year 2023
Assessed value
$466,700
Assessed 2024
Previous assessed
$466,700
+0.0% YoY
Effective rate
2.18%
On assessed value
Assessed land
$100,000
Assessed improvement
$366,700
Land market value
$100,000
Improvement market value
$366,700
Total market value
$466,700
Applied tax rate
11.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,470 SF
Lot
1 ac (43,647 SF)
Zoning code
CM2T
APN
11 00549-0000-00004- 01
UPID
US59-1409279
Jurisdiction
CAPE MAY
Zoning & alternative use
CM2T · Ocean View, NJ
Zoning CM2T · permitted uses
CM2T · Ocean View, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ocean View. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$415,000
COMMERCIAL (GENERAL)
Est. value
$840,000
OFFICE BUILDING Current
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
1987
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
1 ac
Current owner
From public records · entity-resolved
1st Bank Of Sea Isle City
Entity
Mailing address
5 CAMBRIDGE DR, OCEAN VIEW, NJ 08230-1228
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
—
Steven L Filippone
—
Deed
related
$262,431 · Century Savings Bank
Feb 6, 2020
—
Vincent Orlando
—
Deed
related
$40,000 · Sturdy Svgs Bk
Dec 1, 2006
—
Orlando,vincent
—
Trustees Deed
related
$450,000 · Newfield Nat'l Bk
Nov 8, 2006
—
Orlando,vincent
—
Trustees Deed
related
$450,000 · Newfield Nat'l Bk
Oct 30, 2004
—
1st Bank Of Sea Isle City
Campbridge Dev
Grant Deed
related
—
—
—
Vincent Orlando
—
Deed Of Trust
related
$407,883 · Newfield National Bank
—
—
Vincent Orlando
—
Deed Of Trust
related
$40,000 · Sturdy Svgs Bk
—
—
Orlando,vincent
—
Deed Of Trust
related
$32,777 · Sun Nat'l Bk
—
—
Orlando,vincent
—
Deed Of Trust
related
$465,000 · Newfield Nat'l Bk
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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