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    Property profile & analytics

    1042 Rte 47th S Rio Grande, NJ 08242-1519

    • Commercial real estate
    • 3.51 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jan 03, 2025
    $1,278,006
    Location Intelligence
    Property ID
    US59-1842702
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1042 Rte 47th S

    Lot size
    3.51 lot acres
    Zone code
    TB
    Property type
    Commercial real estate
    APN
    06 01414- 01-00006
    APU
    6014140100006

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8888
    Latitude
    39.0208
    CBSA code
    36140
    CBSA name
    OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $62,331
    $692,200
    $2,378,300
    $3,070,500
    -
    $692,200
    $2,378,300
    $3,070,500

    Comparable in this City

    • Value Estimation by Request

      351 Ranger Rd, Unit 6

      COMMERCIAL (GENERAL)
      351 Ranger Rd, Rio Grande, NJ 08242-2229
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      6.34 Acres

      201 9th Ave

      COMMERCIAL (GENERAL) • 6.34 Acres
      201 9th Ave, Rio Grande, NJ 08242-1170
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    • Value Estimation by Request
      0.92 Acres

      1708 Rte 47th S

      COMMERCIAL (GENERAL) • 0.92 Acres
      1708 Rte 47th S, Rio Grande, NJ 08242-1406
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    • Value Estimation by Request
      3,000 SF

      351 Ranger Rd, Unit 5

      COMMERCIAL (GENERAL) • 3,000 SF
      351 Ranger Rd, Rio Grande, NJ 08242-2229
      View Details
    • Value Estimation by Request
      19.18 Acres

      3159 Rte 9th S

      COMMERCIAL (GENERAL) • 19.18 Acres
      3159 Rte 9th S, Rio Grande, NJ 08242-1012
      View Details
    • Value Estimation by Request
      0.69 Acres

      1403 Rte 47

      COMMERCIAL (GENERAL) • 0.69 Acres
      1403 Rte 47, Rio Grande, NJ 08242-1305
      View Details

    Similar Nearby for Sale

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    • $3,000,000
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      Established Car Wash Business Opportunity

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      4,150 SF

      Prime Car Wash Business - NJ Shore

      Established Car Wash, High Traffic Area
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    Similar Nearby for Lease

    • Contact for pricing
      636 SF

      Retail Spaces Near High-Traffic Supermarket

      Retail spaces available near high-volume supermarket on Route 47.
      1700 Route 47 S, Rio Grande, NJ 08242
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      Rio Grande Plaza: Retail Sublease

      10,326 SF Retail Space Available
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    • Contact for pricing
      89,890 SF

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    1042 Rte 47th S
    Rio Grande, NJ 08242-1519
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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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