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    5 Chestnut St Somers Point, NJ 08244-1130
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    Property profile & analytics

    5 Chestnut St, Somers Point, NJ 08244-1130

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    • Commercial real estate
    • 3,748 SF
    • 0.37 lot acres
    Off-Market
    Last Sale Jan 23, 2024
    Property ID
    US59-2182751
    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.

    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sure Storage / Storage Facility
    • ERCO Ceiling & Interiors / Interior Design / Hardware & Home Improvement

    Property Details for 5 Chestnut St

    Year built
    1960
    Lot size
    0.37 lot acres
    Zone code
    IPID
    Property type
    Commercial real estate
    APN
    21 02031-0000-00004
    APU
    2102031000000004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2024 — Sigma Properties LLC Gregory S Sykora Deed —
    Dec 12, 2023 — Gregory S Sykora Esther Sykora Intrafamily Transfer · related —
    Oct 24, 2023 — Esther Sykora Esther Sykora Intrafamily Transfer · related —
    — — Sigma Properties LLC — Deed Of Trust · related $900k · Pnc Bank

    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $930,000
      6.5%
      $855,000
      7%
      $795,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $835,000
      Market price range: $342k - $1.05M
      AI Estimate
      $542,000
      Market price range: $230k - $622k
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $670,000
      Current use
      OFFICE BUILDING
      $1,075,000
      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
    -74.6153
    Latitude
    39.3111
    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
    $22,004
    $293,500
    $365,100
    $658,600
    -
    $293,500
    $365,100
    $658,600
    More about this property
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