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    Property profile & analytics

    242 Salem Hancocks Bridge Rd Salem, NJ 08079

    • Commercial real estate
    • 7,467 SF
    • 4.52 lot acres
    For Sale
    View listing
    $600,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Holladays Used Auto Parts / Auto Parts Store
    • Holladay's Auto Parts / Auto Parts Store / Used Auto Parts Store

    Property Details for 242 Salem Hancocks Bridge Rd

    Year built
    1960
    Lot size
    4.52 lot acres
    Property size
    7,467 SF
    Property type
    Commercial real estate

    Description

    Prime 4.52-acre Business Compound

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Salem
    State
    New Jersey
    Longitude
    -75.4661
    Latitude
    39.5426

    Comparable in this City

    • Value Estimation by Request

      Mckillip Rd

      COMMERCIAL (GENERAL)
      Mckillip Rd, Salem, NJ 08079
      View Details
    • Value Estimation by Request
      0.18 Acres

      82-84 Market St, Unit 84

      COMMERCIAL (GENERAL) • 0.18 Acres
      82-84 Market St, Salem, NJ 08079-1911
      View Details
    • Value Estimation by Request
      2.00 Acres

      New Brg Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      New Brg Rd, Salem, NJ 08079
      View Details
    • Value Estimation by Request
      0.34 Acres

      175 Oak St

      COMMERCIAL (GENERAL) • 0.34 Acres
      175 Oak St, Salem, NJ 08079-1618
      View Details
    • Value Estimation by Request
      31.72 Acres

      13 Waterworks Rd

      COMMERCIAL (GENERAL) • 31.72 Acres
      13 Waterworks Rd, Salem, NJ 08079-3006
      View Details
    • Value Estimation by Request
      7,500 SF

      242 Salem Hancocks Bridge Rd

      Commercial real estate • 7,500 SF
      242 Salem Hancocks Bridge Rd, Salem, NJ 08079
      View Details

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    242 Salem Hancocks Bridge Rd
    Salem, NJ 08079
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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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