Property profile

315 Shr Rd 321 Somers Point, NJ 08244

OFF-MARKET
Commercial real estate
Property ID
US59-1315363
6,786 SF 0.34 ac lot Built 1927
Individually Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1927
Construction BRICK
Total area 6,786 SF
Lot 0.34 ac (15,002 SF)
Zoning code HC-1
APN 21 00612-0000-00007
UPID US59-1315363

Cap rate & NOI

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

Location

315 Shr Rd, Unit 321 Somers Point, NJ 08244-2629
Somers Point metro Census 12801 ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2019
3 recorded transactions
2019
$442,709
2006
$1
1969
Price N/A

Zoning & alternative use

HC-1 · Somers Point, NJ
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)…

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
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