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    Property profile & analytics

    603 Bayshore Rd Villas, NJ 08251-3008

    • Turn key restaurants
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Last Sale
    Nov 15, 2022
    $375,000
    Location Intelligence
    Property ID
    US59-0465374
    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

    • Mel's Place / Restaurant

    Property Details for 603 Bayshore Rd

    Year built
    1965
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.37 lot acres
    Zone code
    GB
    Property type
    Turn key restaurants
    APN
    05 00047-0000-00024
    APU
    500047000000024

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Villas
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.9346
    Latitude
    39.0338
    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
    $4,929
    $130,800
    $124,200
    $255,000
    -
    $130,800
    $124,200
    $255,000

    Comparable in this City

    • Value Estimation
      $1,060,000
      0.45 Acres

      1891 Bayshore Rd

      RESTAURANT • 0.45 Acres
      1891 Bayshore Rd, Villas, NJ 08251-1857
      View Details
    • Value Estimation
      $275,000
      0.56 Acres

      301 Bayshore Rd

      RESTAURANT • 0.56 Acres
      301 Bayshore Rd, Villas, NJ 08251-3002
      View Details
    • Value Estimation
      $275,000
      0.17 Acres

      1265 Bayshore Rd

      RESTAURANT • 0.17 Acres
      1265 Bayshore Rd, Villas, NJ 08251-2517
      View Details
    • Value Estimation
      $250,000
      0.35 Acres

      916 Bay Shr Rd

      RESTAURANT • 0.35 Acres
      916 Bay Shr Rd, Del Haven, NJ 08251-3634
      View Details
    • Value Estimation
      $655,000
      0.66 Acres

      1075 Bayshore Rd

      RESTAURANT • 0.66 Acres
      1075 Bayshore Rd, Villas, NJ 08251
      View Details
    • Value Estimation by Request

      107 Fulling Mill Rd

      Retail properties
      107 Fulling Mill Rd, Villas, NJ 08251
      View Details

    Similar Nearby for Sale

    • $1,299,000
      4,250 SF

      Established Auto Repair Business For Sale

      Turn-key auto repair business with real estate and equipment included.
      105 Fulling Mill Rd, Villas, NJ 08251
      View Details
    • $1,075,000
      0.97 Acres

      Leased Mixed-Use Commercial Complex

      Fully leased, updated commercial complex near Cape May and Wildwoods.
      2004 Bay Shore Rd, Villas, NJ 08251
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    • $384,990

      New Construction Townhome Near Beaches

      New 3-bedroom, 2.5-bath townhome in Villas, NJ.
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    • $1,299,900

      Villas, NJ Commercial Investment

      Six-Unit Multi-Building Complex, High Visibility
      2004 Bay Shore Rd, Villas, NJ 08251
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    • $500,000
      0.45 Acres

      Villas, NJ Development Opportunity

      Cleared .45-acre lot near Cape May and Delaware Bay beaches.
      999 Bay Shore Rd, Villas, NJ 08251
      View Details
    • $439,790

      New Construction Townhome Near Jersey Shore

      New 3-bedroom townhome in Villas, NJ, near beaches.
      220 Bentz Ave, Villas, NJ 08251
      View Details

    Property Visit Statistics

    • Visits by month
      3.2k
    • Visitors by month
      2.0k
    • Avg Time on site
      43 min
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    603 Bayshore Rd
    Villas, NJ 08251-3008
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    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
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