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    Property profile & analytics

    116 Main St, Unit 124 Newport, NJ 08345-2124

    • Commercial real estate
    • 1.33 lot acres
    OFF-MARKET
    Value Estimation
    $60,000
    Last Sale
    Jan 24, 2023
    $60,000
    Location Intelligence
    Property ID
    US59-2164501
    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 116 Main St

    Lot size
    1.33 lot acres
    Zone code
    R
    Property type
    Commercial real estate
    APN
    04 00017-0000-00014
    APU
    400017000000014

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.1646
    Latitude
    39.3037
    CBSA code
    47220
    CBSA name
    VINELAND-MILLVILLE-BRIDGETON, 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
    $1,064
    $31,500
    $10,000
    $41,500
    -
    $31,500
    $10,000
    $41,500

    Comparable in this City

    • Value Estimation
      $300,000
      928 SF

      159 Cv Rd

      COMMERCIAL (GENERAL) • 928 SF
      159 Cv Rd, Newport, NJ 08345-2033
      View Details
    • Value Estimation
      $230,000
      1,952 SF

      127 Main St

      COMMERCIAL (GENERAL) • 1,952 SF
      127 Main St, Newport, NJ 08345-2127
      View Details
    • Value Estimation by Request
      576 SF

      306 Nantuxent Dr

      COMMERCIAL (GENERAL) • 576 SF
      306 Nantuxent Dr, Newport, NJ 08345-2035
      View Details
    • Value Estimation
      $295,000
      3.23 Acres

      129 Main St

      COMMERCIAL (GENERAL) • 3.23 Acres
      129 Main St, Newport, NJ 08345-2125
      View Details
    • Value Estimation by Request
      0.31 Acres

      192 Bayview Rd

      COMMERCIAL (GENERAL) • 0.31 Acres
      192 Bayview Rd, Newport, NJ 08345-2051
      View Details
    • Value Estimation
      $340,000
      2,064 SF

      98 Husted Ln

      COMMERCIAL (GENERAL) • 2,064 SF
      98 Husted Ln, Newport, NJ 08345-2017
      View Details
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    116 Main St, Unit 124
    Newport, NJ 08345-2124
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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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