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Property profile

3 Granville Ave Margate City, NJ 08402

OFF-MARKET
Other commercial real estate
Property ID
US59-1321467
0.08 ac lot
Last sale Jun 2023 · $1,175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This centrally located mixed-use building includes residential apartments and ground-floor office space. The second floor has two 2-bedroom, 1-bath apartments. The ground level contains three office spaces, for a total of five tenant-usable units (two residential and three office). The building is approximately 1.5 blocks from the beach and is situated within a central business district zoning area. The configuration provides separate income-producing components within a single structure.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$610k
Assessed land$321k
Assessed improvement$288k
Effective rate1.58%

Value estimate

· Oct 2026
$1.42M
$1.28M – $1.56M
AI approach$1.42M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$122/SF
Submarket average, outlier-cleaned · 239 recorded sales of this use type
Observed band · Q1–Q3$71 – $186

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?
CBD
CBD), C-1, C-2, Waterfront Special District (WSD) and Riparian (R) Zones; however, existing parking must be maintained. Parking for resid...
General categoryCIVIC_INSTITUTIONAL
JurisdictionATLANTIC

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop16.1
Hair Salon14.8
Nail Salon13.9

Location

3 Granville Ave Margate City, NJ 08402-2755
County assessor Recorded deeds · 1 transfer 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Jerome, Margate City, NJ 08402 $1,700,000 Feb 2026 No data
9402 Ventnor, Margate City, NJ 08402-2317 $900,000 Dec 2025 No data
7701 Ventnor, Margate City, NJ 08402-2838 $2,150,000 Dec 2025 No data
7838 Ventnor, Margate City, NJ 08402-2743 $875,000 Jan 2025 No data
7903 Ventnor, Margate City, NJ 08402-2742 $2,950,000 Nov 2024 No data
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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