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Property profile & analytics
OFF-MARKET
Estimated value
$1,820,000
Commercial real estate
21 Macarthur Blvd Somers Point, NJ 08244-1751
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-2738003
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1958
Total area
16,405 SF
Lot
1.56 ac (67,954 SF)
Zoning code
HC-2
APN
21 01815-0000-00004
UPID
US59-2738003
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Econo Lodge Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.82M
Owner & transaction history
Mhs Of Somers Point LLC · 1 yrs held
Mhs Of Somers Point LLC
since 2025
7 recorded transactions
Zoning & alternative use
HC-2 · Somers Point, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Somers Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Somers Point submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,925,000
Current use
Blend value · Realmo final
$1.82M
Range $1.64M – $2.00M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$58,735
Tax year 2022
Assessed value
$1,446,000
Assessed 2023
Previous assessed
$1,446,000
+0.0% YoY
Effective rate
4.06%
On assessed value
Assessed land
$702,000
Assessed improvement
$744,000
Land market value
$702,000
Improvement market value
$744,000
Total market value
$1,446,000
Applied tax rate
21.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1958
Heating
NONE
Stories
2
Units
1
Total area
16,405 SF
Lot
1.56 ac (67,954 SF)
Zoning code
HC-2
APN
21 01815-0000-00004
UPID
US59-2738003
Jurisdiction
ATLANTIC
Zoning & alternative use
HC-2 · Somers Point, NJ
Zoning HC-2 · permitted uses
HC-2 · Somers Point, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Somers Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
2
Units
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Mhs Of Somers Point LLC
Entity
Free & Clear · 1 yrs held
Mailing address
300 E 8TH ST, OCEAN CITY, NJ 08226-3709
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2025
—
Mhs Of Somers Point LLC
Bhavesh Patel
Deed
—
Feb 10, 2023
—
Landmark Church INC
Landmark Church INC
Intrafamily Transfer
related
—
Sep 29, 2022
$315,000
Coastal Christian Ocean City INC
Bhavesh Patel
Deed
—
Sep 29, 2022
—
Bhavesh Patel
Bhavesh Patel
Intrafamily Transfer
related
—
May 27, 1998
$700,000
Bhavesh Patel
Quilon Enterprises INC
Grant Deed
—
—
—
Bhavesh Patel
—
Deed Of Trust
related
$109,000 · Susquehanna Patriot Bank
—
—
Bhavesh Patel
—
Deed Of Trust
related
$800,000 · Minotola National Bank
—
—
Bhavesh Patel
—
Deed Of Trust
related
$4,000,000 · Minotola National Bank
—
—
Bhavesh Patel
—
Deed Of Trust
related
$2,650,000 · Minotola National Bank
—
—
Bhavesh Patel
—
Deed Of Trust
related
$850,000 · Cape Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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