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Financial
Distress signals
Property profile

218 Groveland Ave Somers Point, NJ 08244

OFF-MARKET
Industrial properties
Property ID
US59-1037078
6,120 SF 0.25 ac lot Built 1975
Last sale May 2018 · $827,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$13k
Tax billed · 2022
Assessed value · 2023$389k
Assessed land$163k
Assessed improvement$226k
Effective rate3.34%

Value estimate

· Oct 2026
$310k
$279k – $341k
AI approach$310k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$103/SF
County average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$44 – $146

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
HC-1
Eating and drinking establishments shall be governed by the landscaping regulations of the HC-1 District, as contained in Article VIII , ...
General categoryCOMMERCIAL
JurisdictionATLANTIC

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.5
Auto Parts Store10.6
Wholesale Shop10.5

Location

218 Groveland Ave Somers Point, NJ 08244-2009
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 8 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
216 Groveland, Somers Point, NJ 08244 $827,500 Jul 2021 6,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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