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Property profile

425 New Rd Somers Point, NJ 08244

OFF-MARKET
Commercial real estate
Property ID
US59-2006294
9,866 SF 2.4 ac lot Built 1998
Last sale May 1988 · $6,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$80k
Tax billed · 2022
Assessed value · 2023$2.40M
Assessed land$1.57M
Assessed improvement$834k
Effective rate3.34%

Value estimate

· Oct 2026
$2.22M
$1.99M – $2.44M
CAP approach$2.26M
Submarket $/SF estimate$2.76M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$178/SF
ZIP average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$91 – $279
Qualifying comparables6

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?
HC-1
Eating and drinking establishments shall be governed by the landscaping regulations of the HC-1 District, as contained in Article VIII , ...
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 agency26.0
Wholesale Shop13.9
Auto Parts Store13.8

Location

425 New Rd Somers Point, NJ 08244-2143
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
421 Bethel, Somers Point, NJ 08244-2081 $625,000 Jan 2026 5,856 SF
21 Macarthur, Somers Point, NJ 08244-1751 $315,000 Jun 2025 16,405 SF
420 New, Somers Point, NJ 08244-2144 $1,300,000 Jan 2025 5,950 SF
110 Hbr, Somers Point, NJ 08244-2470 $1,910,000 Dec 2023 12,314 SF
823 Bay, Somers Point, NJ 08244-2346 $3,016,000 May 2023 8,375 SF
602-606 New, Somers Point, NJ 08244-2041 $900,000 Dec 2022 16,805 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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