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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Retail space
3156 Rte 9th S Rio Grande, NJ 08242-1036
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-2121803
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Lot
3.06 ac (133,294 SF)
Zoning code
TCTR
APN
06 01436- 01-00005- 01
UPID
US59-2121803
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
-
Bee Kynd Spa Alternative Medicine Practice Spa & Massage Center
-
Create with Ash Studios (Bike/Boat/Book/etc) Store Photography Service
-
Escape NJ Escape Rooms Arcade & Gaming Center Family Recreation Center
-
Green Street Market Specialty Food Shop
-
Le Reve Designs Hardware & Home Improvement Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
D R Horton INC · 1 yrs held
D R Horton INC
since 2025
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
TCTR · Rio Grande, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Rio Grande submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rio Grande 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
$1,290,000
ML approach
$1,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Dec 13 2023)
Last sale anchor
$1.25M
Dec 13 2023
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
—
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
$43,221
Tax year 2022
Assessed value
$2,002,200
Assessed 2023
Previous assessed
$2,129,100
-6.0% YoY
Effective rate
2.16%
On assessed value
Assessed land
$933,400
Assessed improvement
$1,068,800
Land market value
$933,400
Improvement market value
$1,068,800
Total market value
$2,002,200
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Heating
NONE
Units
1
Lot
3.06 ac (133,294 SF)
Zoning code
TCTR
APN
06 01436- 01-00005- 01
UPID
US59-2121803
Jurisdiction
CAPE MAY
Zoning & alternative use
TCTR · Rio Grande, NJZoning TCTR · permitted uses
TCTR · Rio Grande, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
3.06 ac
Current owner
From public records · entity-resolved
D R Horton INC
Entity
Free & Clear · 1 yrs held
Mailing address
358 SAW ML RIV RD, MILLWOOD, NY 10546-1014
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2025
$501,000
D R Horton INC
2h Cape May LLC
Deed
—
Aug 27, 2024
—
3156 Development LLC
3156 South LLC
Deed
—
Dec 13, 2023
$1,250,000
Mavis Tire Supply LLC
Domike LLC
Deed
—
Sep 30, 2019
$360,000
Middle 9 LLC
Grace C Beatty
Grant Deed
—
Jun 13, 2008
—
3156 South LLC
Carel-jobin Ents LLC
Grant Deed
related
—
May 2, 2005
$862,500
Beazer Homes Corp
Grande Properties LLC
Grant Deed
—
—
—
3156 South LLC
—
Deed Of Trust
related
$600,000 · Monument 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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