Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1345 Somers Point Rd Egg Harbor Township, NJ 08234

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Property Features for 1345 Somers Point Rd

    General Information

    Property type
    Land
    Lot Size
    87,991 SF

    We can help!

    Listing Contact
    MICHAEL SHAMBERG

    Listing Agency: PRUDENTIAL DIVERSIFIED REALTY Listing Agent: MICHAEL SHAMBERG

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

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Hotel & Motel HVAC Service Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Egg Harbor Township
    County
    Atlantic
    State
    New Jersey
    Longitude
    -74.698867
    Latitude
    39.361686

    Nearby Similar for Sale

    • New
      $459,900
      1,700 SF

      Turnkey Garden Center Opportunity

      Established garden center with building, parking, and growth potential.
      643 Zion Rd, Egg Harbor Township, NJ 08234
      View Details
    • New
      $459,900
      1,700 SF

      Turnkey Garden Center Opportunity

      Established garden center with building, parking, and growth potential.
      643 Zion Rd, Egg Harbor Township, NJ 08234
      View Details
    • $949,999
      0.92 Acres

      Prime Office Building For Sale

      Professional building with 12 offices in Egg Harbor Township, NJ.
      3110 Ocean Heights Ave, Egg Harbor Township, NJ 08234
      View Details
    • $475,000

      Corner Commercial Property For Sale

      Commercial property with strong visibility and income potential in Egg Harbor.
      2588 Tilton Rd, Egg Harbor Township, NJ 08234
      View Details
    • $479,900
      0.56 Acres

      Commercial - Egg Harbor Township, NJ

      Established garden center with building, parking, and growth potential.
      643 Zion Rd, Egg Harbor Township, NJ 08234
      View Details
    • $4,000,000
      4.16 Acres

      Egg Harbor Township Office Building

      Professional office building in Egg Harbor Township, New Jersey.
      3133 Fire Rd, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space at Busy Intersection

      Retail space available in new construction with high visibility.
      6105 West Jersey Ave, Cardiff, NJ 08234
      View Details
    • Contact for pricing
      1 SF

      Prime Location Near Atlantic City

      Property near Garden State Parkway, close to Atlantic City Boardwalk.
      3043 Ocean Heights Ave, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing
      30,000 SF

      30,000 SF Building in Egg Harbor

      30,000 SF building with 15,000 SF available and seller financing.
      12 Canale Dr, Egg Harbor Township, NJ 08234
      View Details
    • Contact for pricing

      Retail Space Available For Sale

      Retail space with dedicated entrance and shared parking.
      6814 Tilton Rd, Egg Harbor Township, NJ 08234
      View Details
    • $325,000
      1,846 SF

      Flex Space with Garage Bays

      Flex space with ample parking, garage bays, and office.
      6604 Delilah Rd, Egg Harbor Township, NJ 08234
      View Details
    • $14,995,000
      6.98 Acres

      Premium Office Building in Wooded Setting

      High-end office building with modern systems and expansion potential.
      3393 Bargaintown Rd, Egg Harbor Township, NJ 08234
      View Details

    FAQs

    Where is this land located?
    The property is located at 1345 Somers Point Rd Egg Harbor Township, NJ.
    What is the asking price?
    The asking price for this property is $79,900.
    (609) 432-6650 Call to check price and availability
    Request Owner's contact information
    1345 Somers Point Rd Egg Harbor Township, NJ 08234
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1345 Somers Point Rd
    Egg Harbor Township, NJ 08234
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1345 Somers Point Rd Egg Harbor Township, NJ 08234
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    MICHAEL SHAMBERG
    Real Estate License ID: 0229998
    (609) 432-6650 (609) 652-6690
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!