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Property profile & analytics
OFF-MARKET
Commercial real estate
621 Atlantic Ave Atlantic City, NJ 08401-7501
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-2057309
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Zoning code
RM-1
APN
02 00304-0000-00029-0000-B01
UPID
US59-2057309
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
-
Dollar General Discount Store
-
Western Union Bank Credit Union
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
Acdg LLC · 12 yrs held
Acdg LLC
since 2014
1 recorded transaction
Zoning & alternative use
RM-1 · Atlantic City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
s. (1) R-1 Single-Family Detached Residential District. (2) R-2 Single-Family Detached Residential District. (3) R-3 Single-Family Attached (Townhouse) Residential District. B. Multiple-family residential districts. (1) RM-1 Multifamily Walk-Up Apartment Residential District. (2) RM-2 Multifamily Low-Rise Apartment Residential District. (3) RM-3 Multifamily…
Zone name
Multifamily Walk Up
General category
RESIDENTIAL
Zone area
94.48 ac
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 Atlantic City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atlantic City 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 2023Property tax & assessments
Tax year 2023
Tax billed
$570
Tax year 2023
Assessed value
$16,000
Assessed 2024
Previous assessed
$16,000
+0.0% YoY
Effective rate
3.56%
On assessed value
Assessed improvement
$16,000
Improvement market value
$16,000
Total market value
$16,000
Applied tax rate
2.0000
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
Zoning code
RM-1
APN
02 00304-0000-00029-0000-B01
UPID
US59-2057309
Jurisdiction
ATLANTIC
Zoning & alternative use
RM-1 · Atlantic City, NJZoning RM-1 · permitted uses
RM-1 · Atlantic City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
s. (1) R-1 Single-Family Detached Residential District. (2) R-2 Single-Family Detached Residential District. (3) R-3 Single-Family Attached (Townhouse) Residential District. B. Multiple-family residential districts. (1) RM-1 Multifamily Walk-Up Apartment Residential District. (2) RM-2 Multifamily Low-Rise Apartment Residential District. (3) RM-3 Multifamily Medium-Rise Apartment Residential District. (4) RM-4 Multifamily High-Rise Apartment
Zone name
Multifamily Walk Up
General category
RESIDENTIAL
Zone area
94.48 ac
Building & site characteristics
From public records
Heating
NONE
Units
1
Current owner
From public records · entity-resolved
Acdg LLC
Entity
Free & Clear · 12 yrs held
Mailing address
1413 STAGECOACH RD, OCEAN VIEW, NJ 08230-1305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2014
$400,000
Acdg LLC
Klein,fredric
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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