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    Property profile & analytics

    985 Rte 47th S Rio Grande, NJ 08242-1515

    • Turn key restaurants
    • 3.61 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US59-1444304
    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

    • Turn key restaurants

    Property Details for 985 Rte 47th S

    Year built
    1977
    Lot size
    3.61 lot acres
    Zone code
    TB
    Property type
    Turn key restaurants
    APN
    06 00466- 01-00045
    APU
    6004660100045

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rio Grande
    County
    Cape May
    State
    New Jersey
    Longitude
    -74.8967
    Latitude
    39.024
    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
    $41,396
    $598,300
    $1,378,600
    $1,976,900
    -
    $598,300
    $1,378,600
    $1,976,900

    Comparable in this City

    • Value Estimation by Request
      0.43 Acres

      1302 Rte 47

      RESTAURANT • 0.43 Acres
      1302 Rte 47, Rio Grande, NJ 08242-1304
      View Details
    • Value Estimation
      $335,000
      0.46 Acres

      1413 Rte 47

      RESTAURANT • 0.46 Acres
      1413 Rte 47, Rio Grande, NJ 08242-1305
      View Details
    • Value Estimation
      $2,125,000
      0.37 Acres

      3505 Rte 9th S

      RESTAURANT • 0.37 Acres
      3505 Rte 9th S, Rio Grande, NJ 08242-1637
      View Details
    • Value Estimation
      $760,000
      0.60 Acres

      1711 Rte 47th S

      RESTAURANT • 0.60 Acres
      1711 Rte 47th S, Rio Grande, NJ 08242-1405
      View Details
    • Value Estimation by Request
      0.52 Acres

      3402 Rte 9

      Retail properties • 0.52 Acres
      3402 Rte 9, Middle Township, NJ 08242
      View Details
    • Value Estimation
      $1,250,000
      3.06 Acres

      3156 Rte 9th S

      RETAIL STORES (PERSONAL SERVICES) • 3.06 Acres
      3156 Rte 9th S, Rio Grande, NJ 08242-1036
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,150 SF

      Prime Car Wash Business - NJ Shore

      Established Car Wash, High Traffic Area
      1315 Nj-47, Middle Township, NJ 08242
      View Details
    • Contact for pricing
      0.52 Acres

      Route 9 South Retail Land Opportunity

      High-traffic retail land, build-to-suit options.
      3402 Rte 9, Middle Township, NJ 08242
      View Details
    • $4,822,222
      14,820 SF

      Redevelopment Opportunity with Ongoing Income

      Redevelopment opportunity with existing tenant paying rent.
      3300 Route 9 S, Rio Grande, NJ 08242
      View Details
    • Contact for pricing

      Pad Sites Available For Sale

      Pad sites up to ±10,000 SF available.
      1302-1304 Route 47, Rio Grande, NJ 08242
      View Details
    • $3,000,000
      4,150 SF

      Established Car Wash Business Opportunity

      Successful car wash business with equipment and real estate for sale.
      1315 Route 47, Rio Grande, NJ 08242
      View Details
    • $1,950,000

      20 Acres Development Opportunity

      20 acre vacant lot in rapidly expanding Edgewood, New Jersey.
      Route 9 South, Rio Grande, NJ 08242
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      636 SF

      Retail Spaces Near High-Traffic Supermarket

      Retail spaces available near high-volume supermarket on Route 47.
      1700 Route 47 S, Rio Grande, NJ 08242
      View Details
    • Contact for pricing
      10,326 SF

      Rio Grande Plaza: Retail Sublease

      10,326 SF Retail Space Available
      1500 Route 47, Rio Grande, NJ 08242
      View Details
    • Contact for pricing
      89,890 SF

      Prime Rio Grande Retail Space

      Four Suites Available, 573-753 SF
      1700 Rte 47, Middle Township, NJ 08242
      View Details
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    985 Rte 47th S
    Rio Grande, NJ 08242-1515
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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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