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    Property profile & analytics

    988 Main St Newport, NJ 08345

    • Commercial real estate
    • 1,128 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 988 Main St

    Year built
    1900
    Lot size
    0.23 lot acres
    Property size
    1,128 SF
    Property type
    Commercial real estate

    Description

    This exceptional waterfront business opportunity in Newport, NJ, presents a rare chance to acquire a thriving marina operation. Located at 988 Main Street, the property encompasses 0.23 acres and features a 1,128 square foot building. The turnkey operation includes 30 boat slips, fully equipped with 30 boats, and all necessary equipment for immediate operation. Dividing Creek Boat Rentals has enjoyed a long-standing reputation as a popular crabbing destination in South Jersey, establishing a strong customer base and proven profitability. The property's prime waterfront location ensures continued success and high demand. This is a unique opportunity for an investor seeking a profitable, established business with immediate revenue potential. The existing infrastructure and equipment minimize start-up costs and allow for seamless transition. The sale includes the building, all boat slips, the fleet of 30 boats, and all associated equipment, making this a truly turnkey acquisition. Serious inquiries are encouraged to schedule a viewing and explore this exceptional investment opportunity. Don't miss this chance to own a successful and established waterfront business in a desirable location. The property is priced at $575,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.1645
    Latitude
    39.3053

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      192 Bayview Rd

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      98 Husted Ln

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      View Details
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    988 Main St
    Newport, NJ 08345
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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
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