505 New Rd Rd Somers Point, NJ 08244
Property profile & analytics
505 New Rd Rd Somers Point, NJ 08244
- Commercial real estate
- 13,684 SF
- 1.11 lot acres
Property ID
US59-1055812
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
- Steffen Victoria A / Law Firm
- Ellis and Ellis LLC / Law Firm
- Network Connectivity / (Bike/Boat/Book/etc) Store / Corporate Office
- Barbara E. Frank, LPC / Counselor
- Gigi's House / Alternative Medicine Practice
Property Details for 505 New Rd Rd
- Year built
- 1954
- Construction
- CONCRETE BLOCKS
- Lot size
- 1.11 lot acres
- Property size
- 13,684 SF
- Zone code
- HC-1
- Property type
- Commercial real estate
- APN
- 21 01017-0000-00003
- APU
- 2101017000000003
Description
This exceptional executive office building, situated on Route 9 in Atlantic County, offers unparalleled convenience and visibility. Built in 1954, the 4,089 square foot building boasts a highly desirable location with immediate access to the Garden State Parkway and Ocean City. The property benefits from excellent frontage on Route 9, placing it amongst major retailers including Rite Aid, ShopRite, Acme, Kmart, Auto Zone, Verizon, and AT&T, ensuring high traffic and brand recognition. Public transportation is conveniently located on-site. The building is zoned HC-1 and offers ample parking with 25 spaces available. Currently, two office suites are available for lease. Unit #2 offers 408 square feet for a monthly rent of $612 plus utilities, while Unit #5 provides 626 square feet at a monthly rent of $924 plus utilities. The building allows for flexible leasing options, with a minimum divisible space of 408 square feet and a maximum contiguous space of 2,400 square feet, making it ideal for a variety of business needs. This is a rare opportunity to secure prime office space in a high-traffic area with excellent accessibility and visibility. Don't miss out on this exceptional opportunity to establish your business in a thriving commercial hub.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,520,000
- AI Estimate
- $987,000
Market price range: $1.25M - $3.82MMarket price range: $838k - $2.27M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,440,000 Current use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Somers Point
- County
- Atlantic
- State
- New Jersey
- Longitude
- -74.601
- Latitude
- 39.3245
- 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
$40,059
$689,000
$510,000
$1,199,000
-
$689,000
$510,000
$1,199,000
