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    Property profile & analytics

    228 3rd St Florence, NJ 08518-1919

    • Residential income homes
    • 1,440 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Last Sale
    May 15, 2024
    $320,000
    Location Intelligence
    Property ID
    US59-2199772
    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

    • Residential income homes

    Property Details for 228 3rd St

    Year built
    1920
    Construction
    FRAME
    Lot size
    0.08 lot acres
    Property size
    1,440 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    15 00043-0000-00005
    APU
    1500043000000005

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $300,000
      7%
      $280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $295,000
      Retail
      $295,000
      Mixed-Use
      $345,000
      Hospitality
      $375,000
      Educational
      $375,000
      Residential Income
      $315,000
      Energy
      $300,000
      Income-Based Land
      $310,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8081
    Latitude
    40.1209
    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
    $4,491
    $43,700
    $128,300
    $172,000
    -
    $43,700
    $128,300
    $172,000

    Comparable in this City

    • Value Estimation
      $350,000
      2,048 SF

      200 Frnt St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,048 SF
      200 Frnt St, Florence, NJ 08518-1335
      View Details
    • Value Estimation
      $150,000
      1,312 SF

      25 Wilbur Henry Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,312 SF
      25 Wilbur Henry Dr, Florence, NJ 08518-2701
      View Details
    • Value Estimation
      $230,000
      1,250 SF

      203 Woodlawn Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,250 SF
      203 Woodlawn Ave, Florence, NJ 08518-1011
      View Details
    • Value Estimation
      $305,000
      3,072 SF

      26 Frnt St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,072 SF
      26 Frnt St, Florence, NJ 08518-1411
      View Details
    • Value Estimation
      $320,000
      2,934 SF

      716-718 Frnt W St, Unit 718

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,934 SF
      716-718 Frnt W St, Florence, NJ 08518-1111
      View Details
    • Value Estimation
      $370,000
      1,709 SF

      409 3rd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,709 SF
      409 3rd St, Florence, NJ 08518-1812
      View Details

    Similar Nearby for Sale

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      Renovated mixed-use building with retail space and residential units.
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      Florence Commercial/Residential Opportunity

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    • $79,000
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      Beautiful riverfront lot with direct access to the Delaware River.
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    • $279,000
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      Florence Retail Opportunity For Sale

      Retail property in Florence, NJ, fully renovated with parking.
      320 W Front St, Florence, NJ 08518
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      Buildable Lot in Florence, NJ

      Approved lot for semi-detached duplex in Florence, New Jersey.
      38 Lot 3.02, Florence, NJ 08518
      View Details
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    228 3rd St
    Florence, NJ 08518-1919
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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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