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Property profile & analytics
OFF-MARKET
Estimated value
$1,590,000
Commercial real estate
3167 Rte 9th S Rio Grande, NJ 08242-1017
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-2148115
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Lot
1.89 ac (82,328 SF)
Zoning code
TC
APN
06 01464- 01-00014
UPID
US59-2148115
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
-
Tacos by the Shore Restaurant
-
Grande Cafe Restaurant
-
T-Mobile Authorized Retailer Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.59M
Owner & transaction history
Sport West INC · 5 yrs held
Sport West INC
since 2021
Last sale
$1.4M
6 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
Method
Estimation
Statistic approach
$1,785,000
ML approach
$1,675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.45M (Jun 2 2021)
Last sale anchor
$1.45M
Jun 2 2021
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
$31,075
Tax year 2022
Assessed value
$1,530,800
Assessed 2023
Previous assessed
$1,530,800
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$1,003,400
Assessed improvement
$527,400
Land market value
$1,003,400
Improvement market value
$527,400
Total market value
$1,530,800
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2002
Heating
NONE
Units
1
Lot
1.89 ac (82,328 SF)
Zoning code
TC
APN
06 01464- 01-00014
UPID
US59-2148115
Jurisdiction
CAPE MAY
Zoning & alternative use
TC · Rio Grande, NJZoning 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
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Units
1
Lot
1.89 ac
Current owner
From public records · entity-resolved
Sport West INC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 37, WILDWOOD, NJ 08260-0037
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2021
$1,445,000
Sport West INC
3167 Route 9 South LLC
Grant Deed
—
Apr 25, 2017
$1,600,000
3167 Route 9 South LLC
Ford,john P
Grant Deed
$1,200,000 · Provident Bk
Nov 10, 2005
$1
Erj
Delco LLC
Grant Deed
related
—
—
—
John P Ford
—
Deed Of Trust
related
$975,000 · Cape Bk
—
—
John P Ford
—
Deed Of Trust
related
$125,000 · Cape Bk
—
—
Ford,john P
—
Deed Of Trust
related
$35,000 · Michael B Nester
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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