505 Bay Ave Somers Point, NJ 08244-2563
Property profile & analytics
505 Bay Ave, Somers Point, NJ 08244-2563
- Commercial real estate
- 17,470 SF
- 0.90 lot acres
Property ID
US59-0066296
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
- Christopher J. Keenan, DO, FAAP, FACOP, FAAPM&R / Pediatrician / Medical Clinic
- CHOP Primary Care, Harborview / Somers Point / Pediatrician / Medical Clinic
- Sharon L. Held, DO, FACOP / Pediatrician / Medical Clinic
- Joseph A. Dieterle, DO, FACOP, FAAP / Pediatrician / Medical Clinic
- George P. Bross, DO, FACOP / Pediatrician / Medical Clinic
Property Details for 505 Bay Ave
- Year built
- 1994
- Lot size
- 0.90 lot acres
- Zone code
- HVW
- Property type
- Commercial real estate
- APN
- 21 01010-0000-00001- 01
- APU
- 210101000000000101
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 22, 2011 | — | Ole Hansen & Sons INC | — | Deed Of Trust · related | $2.6M · Sun National Bank |
| Oct 18, 2005 | $3,250,000 | Ole Hansen & Sons INC | Jacobson,mark P | Grant Deed | — |
| — | — | Bayside Developers | — | Deed Of Trust · related | $1.2M · First Union National Bank |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $4,325,000
- 6.5%
- $3,990,000
- 7%
- $3,705,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,661,000
- AI Estimate
- $2,378,000
Market price range: $1.59M - $4.88MMarket price range: $1.07M - $2.90M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $3,115,000 Current use
- OFFICE BUILDING
- $5,010,000 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
- -74.5889
- Latitude
- 39.3178
- 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
$96,488
$1,144,000
$1,744,000
$2,888,000
-
$1,144,000
$1,744,000
$2,888,000
