Property profile

10 New York Ave Somers Point, NJ 08244

OFF-MARKET
Commercial real estate
Property ID
US59-1548116
5,352 SF 0.27 ac lot
Entity Owned 29-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction CONCRETE BLOCKS
Total area 5,352 SF
Lot 0.27 ac (11,600 SF)
Zoning code HVC
APN 21 01512-0000-00034
UPID US59-1548116

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Psychotherapist
  • Medical Clinic
  • Medical Clinic

Location

10 New York Ave Somers Point, NJ 08244-2367
Somers Point metro Census 12802 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.12M
Blend (final) Blend
$870k

Owner & transaction history

Zoning & alternative use

HVC · Somers Point, NJ
Zoning description

Historic Village Commercial (HVC) Zone. § 114-100 Historic Village Residential (HVR) Zone. § 114-101 Historic Village Waterfront Zone. § 114-102 Guidelines for design review. § 114-103 Supplemental guidelines. Article XV…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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