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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Commercial real estate
6719 Atlantic Ave, Ventnor City, NJ 08406-2621
Individually Owned
4-yr Hold
Free & Clear
Property ID
US59-1252997
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Construction
BRICK
Total area
2,465 SF
Lot
0.03 ac (1,281 SF)
Zoning code
7
APN
22 00075-0000-00006
UPID
US59-1252997
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$565k
Comparable Approach
Comparable
$376k
Blend (final)
Blend
$500k
Owner & transaction history
Christoforos Pylaras · 4 yrs held
Christoforos Pylaras
since 2022
Last sale
$485,000
5 recorded transactions
Zoning & alternative use
7 · Ventnor City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$705,000
+106.0%
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 Ventnor City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ventnor 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
Method
Estimation
Statistic approach
$565,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$610,000
6.5%
$565,000
7%
$525,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$345,000
Current use
OFFICE BUILDING
$705,000
Change: +106% · Conversion: Easy
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $485k (May 6 2022)
Last sale anchor
$485k
May 6 2022
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
$203 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$6,811
Tax year 2022
Assessed value
$264,800
Assessed 2023
Previous assessed
$264,800
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$147,200
Assessed improvement
$117,600
Land market value
$147,200
Improvement market value
$117,600
Total market value
$264,800
Applied tax rate
22.0000
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
Year built
1930
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
2,465 SF
Lot
0.03 ac (1,281 SF)
Zoning code
7
APN
22 00075-0000-00006
UPID
US59-1252997
Jurisdiction
ATLANTIC
Zoning & alternative use
7 · Ventnor City, NJ
Zoning 7 · permitted uses
7 · Ventnor City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ventnor City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$345,000
OFFICE BUILDING
Est. value
$705,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1930
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Christoforos Pylaras
Individual
Free & Clear · 4 yrs held
Mailing address
207 HIGHLAND AVE, HAMILTON, NJ 08620-2910
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
$485,000
Christoforos Pylaras
Creactiva INC
Deed
—
Apr 21, 2021
—
Creactiva INC
David R Gutierrez
Grant Deed
related
—
Jul 14, 2020
—
David R Gutierrez
Creactiva INC
Grant Deed
related
—
Oct 31, 2018
$286,000
Creactiva INC
Sherman,michael T
Grant Deed
—
Sep 18, 2007
—
Michael T Sherman
Sherman,cynthia
Quit Claim Deed
related
—
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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