420 New Rd Somers Point, NJ 08244-2144
Property profile & analytics
420 New Rd, Somers Point, NJ 08244-2144
- Commercial real estate
- 5,950 SF
- 1.86 lot acres
Property ID
US59-1534694
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.
Location Intelligence
Current Use by Public Records
- Somers Point AutoParts Warehouse / Auto Parts Store
- Galloway Auto & Tire / Auto Repair Shop
Property Details for 420 New Rd
- Year built
- 1994
- Construction
- FRAME
- Lot size
- 1.86 lot acres
- Zone code
- GB
- Property type
- Commercial real estate
- APN
- 21 00499-0000-00015- 02
- APU
- 210049900000001502
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 9, 2025 | $1,300,000 | New Groveland Auto Group LLC | Cedar Bay LLC | Deed | — |
| Jul 16, 2004 | $1 | Cedar Bay LLC | Conway Automotive INC | Grant Deed | $300k · Robert Conway |
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,210,000
- ML approach
- $1,285,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,475,000
- 6.5%
- $1,360,000
- 7%
- $1,260,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,569,000
- AI Estimate
- $987,000
Market price range: $543k - $1.66MMarket price range: $364k - $987k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,060,000 Current use
- OFFICE BUILDING
- $1,705,000 Change: +61% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Somers Point
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.5991
- Latitude
- 39.3254
- CBSA code
- 12100
- CBSA name
- ATLANTIC 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
$41,362
$678,900
$559,100
$1,238,000
-
$678,900
$559,100
$1,238,000
