Financial
Distress signals
Property profile

331 New Rd Somers Point, NJ 08244

FOR LEASE
Other office properties
Property ID
US59-0909885
32,906 SF Built 1997
Individually Owned Owner of record is an individual. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
331 New Rd, Somers Point, NJ 08244 For Lease
Contact for pricing 9,500 SF available
331 New Rd, Somers Point, NJ 08244
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Property summary

AI-generated overview

Defeo Plaza is a planned commercial redevelopment project at 331 New Road in Somers Point, New Jersey, positioned on Route 9 across from the 279,026-square-foot Somers Point Plaza. The development is intended to include approximately 19,000 square feet of retail space, approximately 9,500 square feet of office/medical facility space, and two restaurant outparcels with drive-thru capabilities. The site is planned to provide access via two traffic lights and to include over 900 feet of frontage along Route 9, aligning it with the Somers Point commercial corridor.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$113k
Tax billed · 2023
Assessed value · 2024$3.27M
Assessed land$2.30M
Assessed improvement$970k
Effective rate3.47%

Value estimate

· Sep 2026
$7.28M
$6.55M – $8.01M
CAP approach$7.91M
Submarket $/SF estimate$7.47M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$287/SF
County average, outlier-cleaned · 24 recorded sales of this use type
Observed band · Q1–Q3$146 – $425

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
GB
It is intended to encourage major commercial concentration with easy highway access, with sufficient controls and with an overall compati...
General categoryCOMMERCIAL
JurisdictionATLANTIC

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency25.5
Wholesale Shop14.4
Auto Parts Store13.5

Location

331 New Rd Somers Point, NJ 08244
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

12 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
Active listings of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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