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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Commercial real estate
945th Asbury Avea Ocean City, NJ 08226-3535
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2345683
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1913
Construction
BRICK
Total area
3,026 SF
Lot
0.04 ac (1,799 SF)
Zoning code
CB2
APN
08 00904-0000-00008
UPID
US59-2345683
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
$625k
CAP Approach
CAP
$420k
Comparable Approach
Comparable
$708k
Blend (final)
Blend
$625k
Owner & transaction history
Mtd Investments Properties LLC · 2 yrs held
Mtd Investments Properties LLC
since 2024
Last sale
$625,000
7 recorded transactions
Zoning & alternative use
CB2 · Ocean 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 Ocean City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ocean 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
$625,000
ML approach
$625,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$420,000
7%
$390,000
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $625k (Apr 15 2024)
Last sale anchor
$625k
Apr 15 2024
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
$207 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$4,199
Tax year 2023
Assessed value
$392,100
Assessed 2024
Previous assessed
$392,100
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$207,000
Assessed improvement
$185,100
Land market value
$207,000
Improvement market value
$185,100
Total market value
$392,100
Applied tax rate
8.0000
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
1913
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Total area
3,026 SF
Lot
0.04 ac (1,799 SF)
Zoning code
CB2
APN
08 00904-0000-00008
UPID
US59-2345683
Jurisdiction
CAPE MAY
Zoning & alternative use
CB2 · Ocean City, NJZoning CB2 · permitted uses
CB2 · Ocean City, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1913
Construction
BRICK
Heating
NONE
Stories
2
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Mtd Investments Properties LLC
Entity
Mailing address
522 MCGRAW LN, GLENMOORE, PA 19343-9596
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2024
$300,000
Mtd Investments Properties LLC
Himmel Wright Investments LLC
Deed
$300,000 · First National Bank Of Absecon
Apr 15, 2024
$625,000
George And Carole Frank 2021 Irrevo
Himmel Wright Investments LLC
Deed
$300,000 · First National Bank Of Absecon
Mar 23, 2016
$425,000
Himmelwright Investments LLC
Fulginiti,rita M & Anthony J
Grant Deed
$340,000 · Ocean Cty(nj) Hm Bk
Jun 7, 2006
$620,000
Fulginiti,anthony J & Rita M
Sternberg,william
Grant Deed
$496,000 · Crest Svgs
Jun 10, 2004
$400,000
Sternberg,william
Bizarre Bazaar INC
Grant Deed
$320,000 · Ken & Juliette Williamson
—
—
Rita M Fulginiti
—
Deed Of Trust
related
$417,000 · Crest Savings Bank Sla
—
—
Himmelwright Investments LLC
—
Deed Of Trust
related
$200,000 · Oceanfirst 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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