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Property profile

508 Washington St Cape May, NJ 08204

OFF-MARKET
Commercial real estate
Property ID
US59-2062659
2,758 SF 0.04 ac lot Built 1880
Last sale Dec 2010 · $800,000
Trust Owned Owner of record is a trust. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$12k
Tax billed · 2022
Assessed value · 2023$1.19M
Assessed land$960k
Assessed improvement$230k
Effective rate1.03%

Value estimate

· Oct 2026
$410k
$369k – $451k
AI approach$345k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$291/SF
ZIP average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$193 – $454
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-1
JurisdictionCAPE MAY

Location intelligence

Which uses thrive at this corner?
Best fit: Nail Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Nail Salon9.4
Auto Repair Shop9.1
Convenience Store8.7

Location

508 Washington St Cape May, NJ 08204-1428
County assessor Recorded deeds · 8 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
413 Washington, Cape May, NJ 08204-1425 $3,400,000 Jun 2025 5,374 SF
210 Ocean, Cape May, NJ 08204-2342 $999,950 Apr 2025 4,725 SF
3844 Bayshore, Cape May, NJ 08204-3248 $340,000 Jan 2025 1,496 SF
619 Breakwater, Cape May, NJ 08204-4504 $425,000 Sep 2024 1,224 SF
407 Washington, Cape May, NJ 08204-1425 $3,000,000 Jan 2024 3,528 SF
1159 Washington, Cape May, NJ 08204-1738 $999,000 Sep 2023 2,520 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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