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Property profile & analytics
OFF-MARKET
Estimated value
$2,985,000
Commercial real estate
9218 Ventnor Ave Margate City, NJ 08402-2448
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0110925
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1990
Total area
7,943 SF
Lot
0.22 ac (9,600 SF)
Zoning code
MF
APN
16 00126-0000-00085- 01
UPID
US59-0110925
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
$2.88M
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.99M
Owner & transaction history
Berkshire Margate LLC · 5 yrs held
Berkshire Margate LLC
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
MF · Margate City, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.3M
+134.4%
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 Margate City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Margate 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
$3,070,000
ML approach
$2,875,000
CAP Approach
CAP Return
Estimation
6%
$1,965,000
6.5%
$1,815,000
7%
$1,685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,280,000
Change: +134% · Conversion: Easy
Blend value · Realmo final
$2.99M
Range $2.69M – $3.28M · ±10% · vs last sale $3.00M (Feb 4 2021)
Last sale anchor
$3.00M
Feb 4 2021
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
$376 / 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
$21,934
Tax year 2022
Assessed value
$1,390,000
Assessed 2023
Previous assessed
$1,390,000
+0.0% YoY
Effective rate
1.58%
On assessed value
Assessed land
$765,000
Assessed improvement
$625,000
Land market value
$765,000
Improvement market value
$625,000
Total market value
$1,390,000
Applied tax rate
16.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1990
Heating
NONE
Stories
2
Units
1
Total area
7,943 SF
Lot
0.22 ac (9,600 SF)
Zoning code
MF
APN
16 00126-0000-00085- 01
UPID
US59-0110925
Jurisdiction
ATLANTIC
Zoning & alternative use
MF · Margate City, NJ
Zoning MF · permitted uses
MF · Margate City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Margate City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$2.3M
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
1990
Heating
NONE
Stories
2
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Berkshire Margate LLC
Entity
Mailing address
102 LARCH CIR STE #301, NEWPORT, DE 19804-2371
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2021
$3,000,000
Berkshire Margate LLC
Quincy Ventures LLC
Grant Deed
$2,343,750 · Wilmington Svg Fund Societyfsb
Feb 11, 2008
—
Quincy Ventures LLC
Quincy Ventures LLC
Quit Claim Deed
related
$1,600,000 · Newfield National Bank
Oct 6, 2005
$1,500,000
Stephen Marchel LLC
Decatur Properties LLC
Grant Deed
$900,000 · Ocean City Home Bank
Oct 19, 2001
—
Decatur Property LLC
S-g Partnership
Grant Deed
related
—
Oct 17, 2001
—
Decatur Properties LLC
S G Partnership
Grant Deed
related
—
—
—
Quincy Ventures LLC
—
Deed Of Trust
related
$1,540,000 · Ocean City Home Bank
—
—
Decatur Properties LLC
—
Deed Of Trust
related
$600,000 · Commerce Bank NA
—
—
Quincy Ventures LLC
—
Deed Of Trust
related
$300,000 · Ocean City Home Bank
—
—
Quincy Ventures LLC
—
Deed Of Trust
related
$400,000 · Ocean City Home Bank
—
—
Quincy Ventures LLC
—
Deed Of Trust
related
$2,250,000 · Univest Bk & Tr Co
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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