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    Property profile & analytics

    1197 Rte 40 Pilesgrove, NJ 08098-3111

    • Turn key restaurants
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Location Intelligence
    Property ID
    US59-2917803
    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

    • Turn key restaurants

    Property Details for 1197 Rte 40

    Year built
    1965
    Lot size
    0.46 lot acres
    Property type
    Turn key restaurants
    APN
    10 00040-0000-00015
    APU
    1000040000000015

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pilesgrove
    County
    Salem
    State
    New Jersey
    Longitude
    -75.3041
    Latitude
    39.6479
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD 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
    $5,727
    $87,500
    $76,400
    $163,900
    -
    $87,500
    $76,400
    $163,900

    Comparable in this City

    • Value Estimation
      $415,000
      26.53 Acres

      Kings Hwy

      RESTAURANT • 26.53 Acres
      Kings Hwy, Woodstown, NJ 08098
      View Details
    • Value Estimation
      $430,000
      1.42 Acres

      861 Rte 40

      RESTAURANT • 1.42 Acres
      861 Rte 40, Woodstown, NJ 08098
      View Details
    • Value Estimation
      $325,000
      0.59 Acres

      1002 Rte 40

      BAR, TAVERN • 0.59 Acres
      1002 Rte 40, Pilesgrove, NJ 08098-1172
      View Details
    • Value Estimation by Request
      2.17 Acres

      Rte 40

      RETAIL STORES (PERSONAL SERVICES) • 2.17 Acres
      Rte 40, Woodstown, NJ 08098
      View Details
    • Value Estimation by Request
      8.03 Acres

      876 Rte 45

      CONVENIENCE STORE • 8.03 Acres
      876 Rte 45, Pilesgrove, NJ 08098-2804
      View Details
    • Value Estimation
      $4,590,000
      0.08 Acres

      1-3-5 Main St

      FINANCIAL BUILDING • 0.08 Acres
      1-3-5 Main St, Woodstown, NJ 08098-1111
      View Details

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      Woodstown Commercial/Residential Opportunity on Route 40

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      55-Acre Land Parcel on Route 40

      55.25-acre land parcel with highway frontage in Pilesgrove, NJ.
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    Similar Nearby for Lease

    • Contact for pricing
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    1197 Rte 40
    Pilesgrove, NJ 08098-3111
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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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