Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    515-517 Broadway, Unit 517 Cape May, NJ 08204-1209

    • Commercial real estate
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Mar 21, 2022
    $860,000
    Location Intelligence
    Property ID
    US59-1940177
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 515-517 Broadway

    Construction
    FRAME
    Lot size
    0.12 lot acres
    Property type
    Commercial real estate
    APN
    12 00008-0000-00005
    APU
    1200008000000005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cape May
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.9299
    Latitude
    38.9392
    CBSA code
    36140
    CBSA name
    OCEAN 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
    $7,656
    $407,500
    $157,500
    $565,000
    -
    $407,500
    $157,500
    $565,000

    Comparable in this City

    • Value Estimation by Request
      26.87 Acres

      491 Rte 9th 9

      COMMERCIAL (GENERAL) • 26.87 Acres
      491 Rte 9th 9, Cape May, NJ 08204-4720
      View Details
    • Value Estimation by Request
      2.75 Acres

      1317 Bch Ave

      COMMERCIAL (GENERAL) • 2.75 Acres
      1317 Bch Ave, Cape May, NJ 08204-2726
      View Details
    • Value Estimation by Request
      5.41 Acres

      997 Ocean Dr

      COMMERCIAL (GENERAL) • 5.41 Acres
      997 Ocean Dr, Cape May, NJ 08204-1855
      View Details
    • Value Estimation by Request
      9.20 Acres

      Park Blvd

      COMMERCIAL (GENERAL) • 9.20 Acres
      Park Blvd, Cape May, NJ 08204
      View Details
    • Value Estimation by Request
      9.14 Acres

      769 Rte 109

      COMMERCIAL (GENERAL) • 9.14 Acres
      769 Rte 109, Cape May, NJ 08204-4690
      View Details
    • Value Estimation by Request
      2.90 Acres

      903 Schellenger St

      COMMERCIAL (GENERAL) • 2.90 Acres
      903 Schellenger St, Cape May, NJ 08204-1774
      View Details

    Similar Nearby for Sale

    • $450,000

      Residential Vacant Lot, West Cape

      Undeveloped parcel in West Cape May, near beaches.
      308 Atlantic, West Cape May, NJ 08204
      View Details
    • $1,000,000
      8.17 Acres

      Prime Beach Property in Cape May

      8.17 acres of beach property in Cape May, NJ.
      610 Beach Ave, Cape May, NJ 08204
      View Details
    • $499,900

      Commercial Duplex in Prime Location

      Commercial duplex in North Cape May with business potential.
      3802 Bayshore Rd Rd, Cape May, NJ 08204
      View Details
    • $3,995,000
      0.06 Acres

      Prime Cape May Commercial Opportunity

      Three-parcel package in historic Cape May with retail and parking.
      609 Jefferson St, Cape May, NJ 08204
      View Details
    • $3,750,000

      Cape May Multifamily Investment Opportunity

      Three-story multifamily building with cottage near the beach.
      202 Perry St, Cape May, NJ 08204
      View Details
    • $1,300,000
      5,000 SF

      Versatile Commercial Space in Cape May

      Adaptable commercial space licensed for warehouse, office, and bakery use.
      525 Elmira St, Cape May, NJ 08204
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    515-517 Broadway, Unit 517
    Cape May, NJ 08204-1209
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.