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    Property profile & analytics

    3167 Rte 9th S Rio Grande, NJ 08242-1017

    • Commercial real estate
    • 1.89 lot acres
    OFF-MARKET
    Value Estimation
    $1,690,000
    Last Sale
    Jun 02, 2021
    $1,445,000
    Location Intelligence
    Property ID
    US59-2148115
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Tacos by the Shore / Mexican Restaurant
    • Grande Cafe / Ice Cream Shop / Breakfast Restaurant
    • T-Mobile Authorized Retailer / Cell Phone Store / Cell Phone Accessory Store

    Property Details for 3167 Rte 9th S

    Year built
    2002
    Lot size
    1.89 lot acres
    Zone code
    TC
    Property type
    Commercial real estate
    APN
    06 01464- 01-00014
    APU
    6014640100014

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,785,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,385,000
      6.5%
      $1,300,000
      7%
      $1,525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,565,000
      Geo Method
      $1,390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,365,000
      Retail
      $1,240,000
      Mixed-Use
      $1,520,000
      Hospitality
      $1,600,000
      Educational
      $1,315,000
      Residential Income
      $1,680,000
      Energy
      $1,675,000
      Income-Based Land
      $1,575,000
      Food Service
      $1,640,000

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8719
    Latitude
    39.0199
    CBSA code
    36140
    CBSA name
    OCEAN CITY, NJ METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $31,075
    $1,003,400
    $527,400
    $1,530,800
    -
    $1,003,400
    $527,400
    $1,530,800

    Comparable in this City

    • Value Estimation by Request

      351 Ranger Rd, Unit 6

      COMMERCIAL (GENERAL)
      351 Ranger Rd, Rio Grande, NJ 08242-2229
      View Details
    • Value Estimation by Request
      6.34 Acres

      201 9th Ave

      COMMERCIAL (GENERAL) • 6.34 Acres
      201 9th Ave, Rio Grande, NJ 08242-1170
      View Details
    • Value Estimation by Request
      0.92 Acres

      1708 Rte 47th S

      COMMERCIAL (GENERAL) • 0.92 Acres
      1708 Rte 47th S, Rio Grande, NJ 08242-1406
      View Details
    • Value Estimation by Request
      3,000 SF

      351 Ranger Rd, Unit 5

      COMMERCIAL (GENERAL) • 3,000 SF
      351 Ranger Rd, Rio Grande, NJ 08242-2229
      View Details
    • Value Estimation by Request
      19.18 Acres

      3159 Rte 9th S

      COMMERCIAL (GENERAL) • 19.18 Acres
      3159 Rte 9th S, Rio Grande, NJ 08242-1012
      View Details
    • Value Estimation by Request
      0.69 Acres

      1403 Rte 47

      COMMERCIAL (GENERAL) • 0.69 Acres
      1403 Rte 47, Rio Grande, NJ 08242-1305
      View Details

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      Commercial Vacant Land Development Opportunity

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    Similar Nearby for Lease

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      636 SF

      Retail Spaces Near High-Traffic Supermarket

      Retail spaces available near high-volume supermarket on Route 47.
      1700 Route 47 S, Rio Grande, NJ 08242
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    • Contact for pricing
      89,890 SF

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    3167 Rte 9th S
    Rio Grande, NJ 08242-1017
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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