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    Property profile & analytics

    802 Rte 109 Cape May, NJ 08204-4258

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US59-2143132
    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 802 Rte 109

    Property type
    Commercial real estate
    APN
    05 00782-0000-00010-0000-B01
    APU
    05007820000000100000B01

    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
    -74.9061
    Latitude
    38.962
    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
    2023
    $428
    $0.00
    $21,400
    $21,400
    -
    $0.00
    $21,400
    $21,400

    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
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    • Value Estimation by Request
      2.75 Acres

      1317 Bch Ave

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

      997 Ocean Dr

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

      Park Blvd

      COMMERCIAL (GENERAL) • 9.20 Acres
      Park Blvd, Cape May, NJ 08204
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    • 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

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    802 Rte 109
    Cape May, NJ 08204-4258
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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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