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Property profile & analytics
OFF-MARKET
Estimated value
$2,105,000
Turn key restaurants
3505 Rte 9th S, Rio Grande, NJ 08242-1637
Entity Owned
~
Est. High Equity
Property ID
US59-0978700
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Lot
0.37 ac (16,200 SF)
Zoning code
TC
APN
06 01464- 01-00009
UPID
US59-0978700
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.11M
Owner & transaction history
Bradway Properties LLC
Bradway Properties LLC
since 2026
Last sale
$1.7M
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
Method
Estimation
Statistic approach
$2,510,000
ML approach
$2,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.11M
Range $1.89M – $2.32M · ±10% · vs last sale $1.70M (May 10 2022)
Last sale anchor
$1.70M
May 10 2022
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
$23,682
Tax year 2022
Assessed value
$1,166,600
Assessed 2023
Previous assessed
$1,166,600
+0.0% YoY
Effective rate
2.03%
On assessed value
Assessed land
$449,500
Assessed improvement
$717,100
Land market value
$449,500
Improvement market value
$717,100
Total market value
$1,166,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Heating
NONE
Units
1
Lot
0.37 ac (16,200 SF)
Zoning code
TC
APN
06 01464- 01-00009
UPID
US59-0978700
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
Year built
1960
Heating
NONE
Units
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
Bradway Properties LLC
Entity
Mailing address
3505 RTE 9TH S, RIO GRANDE, NJ 08242-1637
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2026
$1,100,000
Bradway Properties LLC
Surfing Pig LLC
Deed
$1,755,000 · Sturdy Savings Bank
May 10, 2022
$1,700,000
Surfing LLC
Richard W Rutherford
Deed
—
Jan 31, 2019
—
Richard W Rutherford
—
Deed
related
$50,000 · Sturdy Svgs Bk
Jan 22, 2019
—
Richard W Rutherford
—
Deed
related
$250,000 · Sturdy Svgs Bk
Nov 10, 2005
$1
Erj
Delco LLC
Grant Deed
related
—
—
—
Richard W Rutherford
—
Deed Of Trust
related
$250,000 · Sturdy Svgs Bk
—
—
Richard W Rutherford
—
Deed Of Trust
related
$50,000 · Sturdy Svgs Bk
—
—
Richard W Rutherford
—
Deed Of Trust
related
$100,000 · Sturdy Svgs Bk
—
—
Richard W Rutherford
—
Deed Of Trust
related
$1,200,000 · Sturdy Svgs Bk
—
—
Rutherford,richard W
—
Deed Of Trust
related
$50,000 · Sun Nat'l Bk
—
—
Rutherford,richard W
—
Deed Of Trust
related
$425,000 · Sun Nat'l Bk
—
—
Rutherford,richard W
—
Deed Of Trust
related
$100,000 · Sun Nat'l Bk
—
—
Rutherford,richard
—
Loan Modification
related
$370,000 · Sun Nat'l Bk
—
—
Rutherford,richard W
—
Deed Of Trust
related
$100,000 · Sun Nat'l Bk
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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