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    3118 Shunpike Rd Rio Grande, NJ 08242

    For Sale
    $400,000

    Other - Rio Grande, NJ

    Days on Market:
    71
    Last Refresh:
    Dec 8 at 9:06 am

    Property Features for 3118 Shunpike Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    TR

    Building Details

    Architectural style
    Other

    ATLANTIS REALTY 5228000

    Listing agent Rosemary Rallo (609) 522-8000 License #0341191

    Listing date Sep 29, 2025

    MLS# 250435 Listing URL

    Copyright © 2025 Cape May County Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land Parcel Development Opportunity

    This parcel in Rio Grande, NJ, presents a development opportunity. The property currently includes several income-producing homes. A plot map exists for six new homes. The highest and best use of this property would be development. The sale is contingent upon the buyer obtaining a major subdivision, including the lots the seller is keeping, at their sole cost. Please do not walk the property without notifying the listing agent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8824071
    Latitude
    39.0195767

    Nearby Similar for Sale

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      Established Car Wash Business Opportunity

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    • $4,822,222
      14,820 SF

      Redevelopment Opportunity with Ongoing Income

      Redevelopment opportunity with existing tenant paying rent.
      3300 Route 9 S, Rio Grande, NJ 08242
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    • Contact for pricing

      Pad Sites Available For Sale

      Pad sites up to ±10,000 SF available.
      1302-1304 Route 47, Rio Grande, NJ 08242
      View Details

    FAQs

    What type of property is this?
    Land - Land parcel suitable for development in Rio Grande, NJ.
    Where is this land located?
    The property is located at 3118 Shunpike Rd Rio Grande, NJ.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: - Opportunity to develop a unique property.; - Plot map available for six new homes.; - Currently has several income-producing homes.
    (609) 522-8000
    Request Owner's contact information
    3118 Shunpike Rd Rio Grande, NJ 08242
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3118 Shunpike Rd Rio Grande, NJ 08242
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