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Property profile

520 New Rd Somers Point, NJ 08244

OFF-MARKET
Commercial real estate
Property ID
US59-1071942
3,275 SF 1.22 ac lot Built 1978
Last sale Oct 2022 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 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?
$21k
Tax billed · 2022
Assessed value · 2023$620k
Assessed land$449k
Assessed improvement$172k
Effective rate3.34%

Value estimate

· Oct 2026
$760k
$684k – $836k
AI approach$755k
CAP approach$750k
Submarket $/SF estimate$786k

Realmo valuation models over county records and 10 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 comparables10

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 agency27.5
Auto Parts Store13.8
Wholesale Shop13.1

Location

520 New Rd Somers Point, NJ 08244-2039
County assessor Recorded deeds · 3 transfers 10 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
750 Shr, Somers Point, NJ 08244-2363 $590,000 Dec 2025 2,222 SF
661 New, Somers Point, NJ 08244-1966 $1,900,000 May 2025 3,168 SF
501 Dobbs, Somers Point, NJ 08244-2216 $670,000 May 2025 3,040 SF
31 Mays Lndg, Somers Point, NJ 08244-1111 $335,000 Mar 2025 2,091 SF
223 Shr, Somers Point, NJ 08244-2631 $430,000 Apr 2024 2,412 SF
22 Bethel, Somers Point, NJ 08244-1602 $999,400 Feb 2023 3,092 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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