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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Commercial real estate
801 Boardwalk Atlantic City, NJ 08401-7615
Trust Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0991603
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Lot
10.34 ac (450,236 SF)
Zoning code
RS-C
APN
02 00061-0000-00022- 05
UPID
US59-0991603
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
-
Jam On Productions Atlantic City International Motorcycle Show Motorcycle Shop
-
Worship Surf Bar Restaurant
-
Define Gift Shop (Bike/Boat/Book/etc) Store
-
Super American Circus Resort
-
House of Blues Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$695k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
3650 Real Estate Investment Trust 2 · 3 yrs held
3650 Real Estate Investment Trust 2
since 2023
7 recorded transactions
Zoning & alternative use
RS-C · Atlantic City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Method
Estimation
Statistic approach
by Request
ML approach
$695,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$695k
Range $626k – $765k · ±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
—
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
$324,225
Tax year 2022
Assessed value
$8,584,200
Assessed 2023
Previous assessed
$8,584,200
+0.0% YoY
Effective rate
3.78%
On assessed value
Assessed land
$7,200,000
Assessed improvement
$1,384,200
Land market value
$7,200,000
Improvement market value
$1,384,200
Total market value
$8,584,200
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
Year built
1987
Heating
NONE
Units
1
Lot
10.34 ac (450,236 SF)
Zoning code
RS-C
APN
02 00061-0000-00022- 05
UPID
US59-0991603
Jurisdiction
ATLANTIC
Zoning & alternative use
RS-C · Atlantic City, NJ
Zoning RS-C · permitted uses
RS-C · Atlantic City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Atlantic City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Heating
NONE
Units
1
Lot
10.34 ac
Current owner
From public records · entity-resolved
3650 Real Estate Investment Trust 2
Trust
Free & Clear · 3 yrs held
Mailing address
2977 MCFARLANE RD STE #300, COCONUT GROVE, FL 33133-6033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2023
—
3650 Real Estate Investment Trust 2
Premier Lite Tower LLC
Assignment Of Lease (leasehold Sale)
—
Nov 4, 2022
—
Showboat Properties LLC
Showboat Renaissance LLC
Deed
$48,500,000 · Barclays Capital Real Estate INC
Jul 18, 2022
—
Showboat Renaissance LLC
—
Deed
related
$20,000,000 · 100 Mile Reit INC
Oct 26, 2020
—
Romspen Mtg Ltd Partnership
Showboat Renaissance LLC
Grant Deed
related
—
Feb 1, 2016
$23,000,000
Showboat Renaissance LLC
Stockton University
Grant Deed
$25,500,000 · Romspen Mtg
Dec 18, 2014
$18,000,000
Richard Stockton Clg Of Nj
Showboat Atlantic City Propco
Grant Deed
—
Jun 24, 2009
—
Showboat Atlantic City Propco
—
Deed Of Trust
related
—
Apr 21, 2009
—
Showboat Atlantic City Propco
—
Deed Of Trust
related
—
Dec 31, 2008
—
Showboat Atlantic City Propco
—
Deed Of Trust
related
$2,100,000,000 · Us Bank NA
Jun 23, 2008
—
Showboat Atlantic City Propco
—
Deed Of Trust
related
$11,000,000 · Bank Of America
Jan 31, 2008
—
Atlantic City Showboat INC
Showboat Land LLC
Quit Claim Deed
$400,000,000 · Jpmorgan Chase Bank NA
—
—
Showboat Atlantic City Propco
—
Loan Modification
related
—
—
—
Showboat Renaissance LLC
—
Deed Of Trust
related
$33,800,000 · Romspen Mtg
—
—
Showboat Renaissance LLC
—
Deed Of Trust
related
$16,000,000 · Romspen Mtg
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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