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    Property profile & analytics

    3845 Bayshore Rd North Cape May, NJ 08204-3261

    • Commercial real estate
    • 42.05 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US59-3138811
    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

    • Commercial real estate

    Property Details for 3845 Bayshore Rd

    Lot size
    42.05 lot acres
    Property type
    Commercial real estate
    APN
    05 00741- 01-00028- 01
    APU
    500741010002801

    Description

    This exceptional retail opportunity presents 2,000 square feet of vacant space within the Bay Shore Shopping Center, located at 3845 Bayshore Rd, Cape May, NJ 08204. Situated on a 3-acre lot in Lower Township, Cape May County, this property offers significant potential for a variety of retail businesses. The entire shopping center encompasses 2,000 square feet of building space, currently fully available for lease. The property's classification includes both retail and land components, making it suitable for a range of development or expansion plans. The multiple tenancy structure allows for flexibility in lease terms and configurations. The property's strategic location in Cape May, a popular New Jersey coastal destination, provides excellent visibility and accessibility to a substantial customer base. Given the current vacancy, this presents a unique chance to establish a presence in a thriving commercial area. The property's size and location make it an attractive investment for entrepreneurs seeking a high-traffic retail space. Interested parties are encouraged to explore the possibilities this prime location offers. Further details regarding lease terms and conditions are available upon request. The property is conveniently located at 38.9748585 latitude and -74.9382961 longitude.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    North Cape May
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.9389
    Latitude
    38.9753
    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
    $188,606
    $2,852,500
    $6,879,500
    $9,732,000
    -
    $2,852,500
    $6,879,500
    $9,732,000

    Comparable in this City

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      26.87 Acres

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      2.90 Acres

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      COMMERCIAL (GENERAL) • 2.90 Acres
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    3845 Bayshore Rd
    North Cape May, NJ 08204-3261
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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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