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    Property profile & analytics

    409 3rd St Florence, NJ 08518-1812

    • Residential income homes
    • 1,709 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Last Sale
    Nov 02, 2023
    $345,000
    Location Intelligence
    Property ID
    US59-0652524
    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

    • Residential income homes

    Property Details for 409 3rd St

    Year built
    1918
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    1,709 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    15 00033-0000-00014
    APU
    1500033000000014

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $320,000
      6.5%
      $310,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $295,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $360,000
      Mixed-Use
      $350,000
      Hospitality
      $360,000
      Educational
      $350,000
      Residential Income
      $320,000
      Energy
      $300,000
      Income-Based Land
      $320,000
      Food Service
      $300,000

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8109
    Latitude
    40.1221
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD 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
    $5,052
    $67,500
    $126,000
    $193,500
    -
    $67,500
    $126,000
    $193,500

    Comparable in this City

    • Value Estimation
      $350,000
      2,048 SF

      200 Frnt St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,048 SF
      200 Frnt St, Florence, NJ 08518-1335
      View Details
    • Value Estimation
      $150,000
      1,312 SF

      25 Wilbur Henry Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,312 SF
      25 Wilbur Henry Dr, Florence, NJ 08518-2701
      View Details
    • Value Estimation
      $230,000
      1,250 SF

      203 Woodlawn Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,250 SF
      203 Woodlawn Ave, Florence, NJ 08518-1011
      View Details
    • Value Estimation
      $145,000
      1,260 SF

      45 3rd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,260 SF
      45 3rd St, Florence, NJ 08518-1916
      View Details
    • Value Estimation
      $350,000
      896 SF

      1100 Riverview Dr

      APARTMENT HOUSE (UNDER 5 UNITS) • 896 SF
      1100 Riverview Dr, Florence, NJ 08518-1613
      View Details
    • Value Estimation
      $200,000
      1,632 SF

      732 2nd St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,632 SF
      732 2nd St, Florence, NJ 08518-1104
      View Details

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    409 3rd St
    Florence, NJ 08518-1812
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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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