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    331 New Rd Somers Point, NJ 08244

    For Lease
    Contact for pricing

    Commercial redevelopment with retail, office, and restaurant spaces for rent.

    Property size:
    9,500 SF
    Lot size:
    9.19 Acres

    Property Features for 331 New Rd

    General Information

    Size
    9,500 SF
    Lot size
    9.19 Acres

    Source: Brahin Properties, Inc. Agent Lee F. Brahin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Retail and Office Space

    A commercial redevelopment project, Defeo Plaza, is planned for 331 New Road in Somers Point, NJ. Situated on Route 9, directly across from the 279,026 square foot Somers Point Plaza, Defeo Plaza will offer approximately 19,000 square feet of new retail space, 9,500 square feet of office/medical facility space, and two restaurant outparcels with drive-thru capabilities. The new Defeo Plaza will feature access to two traffic lights and over 900 feet of frontage along Route 9, positioning it in the heart of the Somers Point commercial corridor. Somers Point has grown to nearly 30,000 households and a population of 75,000 within 5 miles. Occupancy rates for commercial properties are over 90%, making the Somers Point marketplace an attractive location to live and work.
    Insight Report Location Intelligence

    Current Use by Public Records

    McNaughton's Garden Center Garden Center

    Suggested Use

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

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

    Similar Places Nearby

    Somers Point Plaza, Ocean Heights Plaza, Coinstar Kiosk | Bitcoin ATM

    Location Insight

    • Map
    • Local Demand
    City
    Somers Point
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.596782
    Latitude
    39.329169

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    FAQs

    What type of property is this?
    Shopping center - Commercial redevelopment with retail, office, and restaurant spaces for rent.
    Where is this shopping center located?
    The property is located at 331 New Rd Somers Point, NJ.
    What are key features of this property?
    This property features: - High-visibility location: Over 900 feet of frontage on Route 9.; - High traffic location: Situated directly across from the Somers Point Plaza.; - Strong market: Somers Point has nearly 30,000 households within 5 miles.
    (215) 563-7222
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    Somers Point, NJ 08244
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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
    331 New Rd Somers Point, NJ 08244
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