Financial
Distress signals
Property profile

602-606 New Rd 606 Somers Point, NJ 08244

OFF-MARKET
Commercial real estate
Property ID
US59-1813486
16,805 SF 0.77 ac lot Built 1964
Last sale Dec 2022 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$28k
Tax billed · 2022
Assessed value · 2023$851k
Assessed land$540k
Assessed improvement$311k
Effective rate3.34%

Value estimate

· Sep 2026
$1.05M
$945k – $1.16M
AI approach$1.08M
Submarket $/SF estimate$1.03M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$178/SF
ZIP average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$91 – $279

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
HC-1
Eating and drinking establishments shall be governed by the landscaping regulations of the HC-1 District, as contained in Article VIII , ...
General categoryCOMMERCIAL
JurisdictionATLANTIC

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.5
Auto Parts Store13.8
Wholesale Shop13.1

Location

602-606 New Rd, Unit 606 Somers Point, NJ 08244-2041
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
421 Bethel, Somers Point, NJ 08244-2081 $625,000 Jan 2026 5,856 SF
21 Macarthur, Somers Point, NJ 08244-1751 $315,000 Jun 2025 16,405 SF
420 New, Somers Point, NJ 08244-2144 $1,300,000 Jan 2025 5,950 SF
110 Hbr, Somers Point, NJ 08244-2470 $1,910,000 Dec 2023 12,314 SF
823 Bay, Somers Point, NJ 08244-2346 $3,016,000 May 2023 8,375 SF
401-405 Bethel, Somers Point, NJ 08244-2108 $6,863,259 Feb 2023 24,480 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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