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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Commercial real estate
235 Shr Rd Somers Point, NJ 08244-2655
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US59-3196791
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
FRAME
Total area
7,960 SF
Lot
0.65 ac (28,140 SF)
Zoning code
HC-1
APN
21 00512-0000-00007
UPID
US59-3196791
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
-
Roytman Druger Irene DDS Dental Office
-
By the Sea Dentistry Dental Office
-
Dr. Christoph Michel, DMD Dental Office
-
O'Hara Michael E OD Physician
-
Miss Jacqueline Carey Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
$1.77M
Blend (final)
Blend
$1.58M
Owner & transaction history
235 Building LLC · 22 yrs held
235 Building LLC
since 2003
7 recorded transactions
Zoning & alternative use
HC-1 · Somers Point, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Eating and drinking establishments shall be governed by the landscaping regulations of the HC-1 District, as contained in Article VIII , § 114-50 . B. Regulations governing motel and recreational sport facility uses: (1) All areas not covered by driveway or pedestrian walkways shall be landscaped. A complete site plan showing all proposed planting shall be r…
Zone name
Highway Commercial One
General category
COMMERCIAL
Zone area
107.64 ac
Top alternative use upside
Office building
$2.3M
+61.0%
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%
$1,970,000
6.5%
$1,820,000
7%
$1,690,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,420,000
Current use
OFFICE BUILDING
$2,285,000
Change: +61% · Conversion: Easy
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±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
$198 / 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
$46,540
Tax year 2022
Assessed value
$1,393,000
Assessed 2023
Previous assessed
$1,393,000
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$254,300
Assessed improvement
$1,138,700
Land market value
$254,300
Improvement market value
$1,138,700
Total market value
$1,393,000
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
2004
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
7,960 SF
Lot
0.65 ac (28,140 SF)
Zoning code
HC-1
APN
21 00512-0000-00007
UPID
US59-3196791
Jurisdiction
ATLANTIC
Zoning & alternative use
HC-1 · Somers Point, NJZoning HC-1 · permitted uses
HC-1 · Somers Point, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Eating and drinking establishments shall be governed by the landscaping regulations of the HC-1 District, as contained in Article VIII , § 114-50 . B. Regulations governing motel and recreational sport facility uses: (1) All areas not covered by driveway or pedestrian walkways shall be landscaped. A complete site plan showing all proposed planting shall be reviewed and approved by the Planning Board. (2) All perimeter setbacks shall have a buffer strip 10 feet wide consisting of evergreens of four feet minimum height at planting placed in double alternating rows six feet on center in each row with smaller evergreens or other deciduous plant material in between. Buffer strips shall be set back 10 feet from property lines where they abut a street. (3) All irregularly shaped areas in parking lots not used for parking shall be landscaped and bordered with brick or other natural materials. (4) All planting required shall be replaced and maintained regularly. (5) Fences shall be permitted, provided that: [Amended 7-9-1992 by Ord. No. 20-1992 ] (a) They are in the rear yard only. (b) They do not enter either side yard of the building to more than half of the building's length. (c) They are in conformance with § 114-184 of this chapter.
Zone name
Highway Commercial One
General category
COMMERCIAL
Zone area
107.64 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
2004
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
235 Building LLC
Entity
Mailing address
235 SHR RD STE A, SOMERS POINT, NJ 08244-2655
Ownership since
2003
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
Oct 7, 2003
$425,000
235 Building LLC
Max Gurcicz & Son INC
Grant Deed
—
Apr 29, 2003
$300,000
Max Gurwicz & Son INC
Temple Beth El Corp
Grant Deed
—
Jan 21, 1992
$575,000
Sms Assoc
Unknown
Grant Deed
—
—
—
235 Building LLC
—
Deed Of Trust
related
$125,000 · Pnc Bank
—
—
235 Building LLC
—
Deed Of Trust
related
$1,200,000 · Sun Life Assurance Co
—
—
235 Building LLC
—
Deed Of Trust
related
$436,000 · Pnc Bank
—
—
235 Building LLC
—
Deed Of Trust
related
$137,534 · Ocean City Home Bank
—
—
235 Building LLC
—
Deed Of Trust
related
$1,250,000 · Ocean City Home Bank
—
—
235 Building LLC
—
Deed Of Trust
related
$1,200,000 · American Equity Inv Life Ins
—
—
235 Building LLC
—
Deed Of Trust
related
$50,000 · Ocean City Home 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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