1121 Rte 47th 7th SRio Grande, NJ 08242

  • Office properties
  • 1.39 AC
Off market
$13,926,040 Estimated

Property Details for 1121 Rte 47th 7th S

Year built
1986
Construction
FRAME
Lot size
1.39 AC
Zone code
TC
Property type
Office properties
Property subtype
Other office properties
APN
06 01450-0000-00004-0000-C0007
APU
06014500000000040000C0007

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $19,117,134
    6.5%
    $17,646,584
    7%
    $16,386,114
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,911,202
    Geo Method
    $7,911,202
  • Alternative Use

    Use
    Valuation
    Residential
    $21,881,764
    Hospitality
    $20,043,578
    Educational
    $16,676,022
    Medical
    $17,249,536
    Retail
    $25,940,480
1121 Rte 47th 7th S, Rio Grande, New Jersey

Location Insight

City
Rio Grande
County
Cape May
State
New Jersey
Latitude
39.0148
Longitude
-74.8783
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
-
$59,500
$95,000
$154,500
-
$59,500
$95,000
$154,500

FAQs

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