Individually Owned 
For Sale
1 / 13
$2,300,000
110 Harbor Ln, Somers Point, NJ 08244
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Property summary
AI-generated overview
A net-lease medical office property with a total size of 12,000 square feet, configured to support three tenant spaces. The building is located to serve both Atlantic and Cape May Counties. It includes 50 on-site parking spaces and is maintained as an operational medical office facility.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Construction
CONCRETE BLOCKS
Total area
12,314 SF
Lot
1.01 ac (44,126 SF)
Zoning code
HVW
APN
21 01410-0000-00002
UPID
US59-1663721
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
-
Alternative Medicine Practice
-
Physician
-
Physician
-
Medical Clinic Hospital
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.24M
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$2.31M
Owner & transaction history
since 2023
Last sale
$1.9M
2 recorded transactions
Zoning & alternative use
HVW · Somers Point, NJ
Zoning description
It is intended to acknowledge the special and unique character of Somers Point's bayfront and riverfront village areas.
General category
SPECIAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.31M
Value range
$2.08M – $2.54M
±10% around blend
Estimated value / SF
$188 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
40
Income certainty
100
$2.08M
blend $2.31M
$2.54M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,314 SF
Lot area
1.01 ac
Year built
1976
Stories
1
APN
21 01410-0000-00002
Zoning
HVW
Assessed value
$1,692,000
Annual tax
$56,530
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.82M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.05M
@ 6.5% CAP return
$2.82M
@ 7% CAP return
$2.61M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$56,530
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$888k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
7.8 mi away · 10,032 SF
7.8 mi away · 10,032 SF
23.4 mi away · 15,055 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.31M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 39 sales
$178
+5%
Submarket 39 sales
$178
+5%
County 589 sales
$132
+43%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $188/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
7.90%
Selected cap rate for this other commercial real estate
Derived from the Somers Point market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.90%
9.0%
NOI (est.)
$180k *
Last sale · Dec 2023
$1.91M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.28M
Move the market yield to see immediate price impact.
Value / SF
$185
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.40%7.90%8.40%
$162k
$2.19M
$2.06M
$1.93M
$180k
$2.44M
$2.28M
$2.15M
$198k
$2.68M
$2.51M
$2.36M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$2.10M
0.7 mi · Oct 2025 · $241/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$56,530
Tax year 2022
Assessed value
$1,692,000
Assessed 2023
Previous assessed
$1,692,000
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$656,500
Assessed improvement
$1,035,500
Land market value
$656,500
Improvement market value
$1,035,500
Total market value
$1,692,000
Applied tax rate
21.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1976
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
12,314 SF
Lot
1.01 ac (44,126 SF)
Zoning code
HVW
APN
21 01410-0000-00002
UPID
US59-1663721
Jurisdiction
ATLANTIC
Zoning & alternative use
HVW · Somers Point, NJZoning HVW · permitted uses
HVW · Somers Point, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
It is intended to acknowledge the special and unique character of Somers Point's bayfront and riverfront village areas.
General category
SPECIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1976
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
1.01 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
HVW
SPECIAL
Jurisdiction
Somers Point, NJ
Recorded code
HVW
Official district
HVW
Official district profile
What the municipal code says about HVW
Zoning description
It is intended to acknowledge the special and unique character of Somers Point's bayfront and riverfront village areas.
General category
SPECIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HVW in Somers Point, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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