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Property profile & analytics
OFF-MARKET
Commercial real estate
5701 Ocean Ave 5 Wildwood Crest, NJ 08260-4353
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US59-2760703
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
CONCRETE BLOCKS
Lot
0.46 ac (19,998 SF)
Zoning code
M-1A
APN
15 00016- 04-00002
UPID
US59-2760703
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
-
Gondolier Oceanfront Motel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gondolier LLC · 18 yrs held
Gondolier LLC
since 2008
6 recorded transactions
Zoning & alternative use
M-1A · Wildwood Crest, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to permit hotels, motels, condotels and multi family development with access to the Atlantic Ocean and to preserve and promote the enhancement of hotel or motel type facilities for service to the tourist industry.
Zone name
Hotel Motel And Multifamily
General category
RESIDENTIAL
Zone area
37.61 ac
Source
Realmo
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 Wildwood Crest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wildwood Crest 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$57,645
Tax year 2022
Assessed value
$4,220,000
Assessed 2023
Previous assessed
$4,220,000
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$1,500,000
Assessed improvement
$2,720,000
Land market value
$1,500,000
Improvement market value
$2,720,000
Total market value
$4,220,000
Applied tax rate
15.0000
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
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Units
1
Lot
0.46 ac (19,998 SF)
Zoning code
M-1A
APN
15 00016- 04-00002
UPID
US59-2760703
Jurisdiction
CAPE MAY
Zoning & alternative use
M-1A · Wildwood Crest, NJZoning M-1A · permitted uses
M-1A · Wildwood Crest, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to permit hotels, motels, condotels and multi family development with access to the Atlantic Ocean and to preserve and promote the enhancement of hotel or motel type facilities for service to the tourist industry.
Zone name
Hotel Motel And Multifamily
General category
RESIDENTIAL
Zone area
37.61 ac
Source
Realmo
Building & site characteristics
From public records
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
3
Units
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Gondolier LLC
Entity
Mailing address
5711 OCEAN AVE, WILDWOOD CREST, NJ 08260-4353
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2008
$3,900,000
Gondolier LLC
Gondolier Motel INC
Grant Deed
related
$6,650,000 · Crest Svgs Bk-sla
Apr 17, 2006
—
Gondolier Motel INC
—
Trustees Deed
related
$300,000 · Crest Svgs Bk-sla
Jan 4, 2005
—
Gondoller Motel INC
—
Trustees Deed
related
$250,000 · Crest Svgs
—
—
Gondolier Motel INC
—
Deed Of Trust
related
$500,000 · Crest Svgs
—
—
Gondolier Motel INC
—
Deed Of Trust
related
$2,000,000 · Crest Svgs Bk-sla
—
—
Gondolier LLC
—
Deed Of Trust
related
$4,490,000 · Sturdy Svgs 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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