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Property profile & analytics
OFF-MARKET
Commercial real estate
3159 Rte 9th S, Rio Grande, NJ 08242-1012
Entity Owned
8-yr Hold
Free & Clear
Property ID
US59-1691139
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
19.18 ac (835,481 SF)
Zoning code
TC
APN
06 01464- 01-00015- 01
UPID
US59-1691139
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
-
Walmart Pharmacy Pharmacy
-
Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
-
Cape May Family Dental Dental Office
-
Verizon Electronics & Wireless Store
-
Walmart Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Grande Properties Dev LLC · 8 yrs held
Grande Properties Dev LLC
since 2017
7 recorded transactions
Zoning & alternative use
TC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$330,242
Tax year 2022
Assessed value
$16,268,100
Assessed 2023
Previous assessed
$16,268,100
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$4,341,200
Assessed improvement
$11,926,900
Land market value
$4,341,200
Improvement market value
$11,926,900
Total market value
$16,268,100
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
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
Heating
NONE
Units
1
Lot
19.18 ac (835,481 SF)
Zoning code
TC
APN
06 01464- 01-00015- 01
UPID
US59-1691139
Jurisdiction
CAPE MAY
Zoning & alternative use
TC · Rio Grande, NJ
Zoning TC · permitted uses
TC · Rio Grande, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rio Grande. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Units
1
Lot
19.18 ac
Current owner
From public records · entity-resolved
Grande Properties Dev LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 8050, BENTONVILLE, AR 72712-8055
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2017
—
Grande Properties Dev LLC
—
Deed
related
$2,800,000 · Univest Bk & Tr Co
Nov 30, 2017
$95,000
Grande Properties Dev LLC
Gpd H LLC
Grant Deed
—
Aug 17, 2017
—
Gpd II LLC
Grande Properties Dev LLC
Grant Deed
related
—
Aug 9, 2017
—
Grande Properties Dev LLC
Grande Properties Dev LLC
Quit Claim Deed
related
—
Feb 10, 2005
$700,000
Grande Properties Dev LLC
Ravitz,joseph H
Grant Deed
—
—
—
Grande Properties Dev LLC
—
Loan Modification
related
$14,600,000 · Cibc
—
—
Grande Properties Dev LLC
—
Deed Of Trust
related
$14,600,000 · Cibc
—
—
Grande Properties Dev LLC
—
Deed Of Trust
related
$2,800,000 · Univest Bk & Tr Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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