Property profile

250 New Rd Somers Point, NJ 08244

OFF-MARKET
Commercial real estate
Property ID
US59-2031499
9.2 ac lot Built 2001
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2001
Lot 9.2 ac (400,665 SF)
Zoning code GB
APN 21 00499-0000-00015- 03
UPID US59-2031499

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Department Store
  • Pharmacy
  • Grocery & Convenience Store Food Market
  • Cafe & Coffee Shop

Location

250 New Rd Somers Point, NJ 08244-2177
Somers Point metro Census 12801 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2020
4 recorded transactions
2020
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

GB · Somers Point, NJ
Zoning description

14-28 Permitted uses. § 114-29 Area and bulk requirements. § 114-30 Additional design criteria. § 114-31 Open space consideration. § 114-32 Public access. § 114-33 Development subject to review and approval. Article VII…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 250 New Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message