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Property profile & analytics
OFF-MARKET Estimated value $265,000
Commercial real estate

824 Columbia Ave Millville, NJ 08332-3733

2,654 SF 0.24 ac lot Built 1930
Individually Owned ~ Est. High Equity
Property ID
US59-0639548
Property summary
AI-generated overview

This exceptional 2,715 square foot industrial property presents a compelling investment opportunity in Millville, NJ. Situated on the west side of Columbia Avenue, south of Sharp Street, this strategically located site boasts convenient access and excellent visibility. The property features public water, sewer, gas, and electric utilities, ensuring seamless operational efficiency. Concrete curbs and sidewalks are installed along the entire Columbia Avenue frontage, enhancing both aesthetics and accessibility. Entry to the property is directly from Columbia Avenue. Security is provided by a six-foot-high chain link fence encompassing the entire site. While the lot itself is irregular in shape, a portion offers unimproved parking space for approximately three to six vehicles. This property is ideal for a variety of industrial uses and represents a strong return on investment. The building's size, coupled with its prime location and readily available utilities, makes it an attractive prospect for businesses seeking a functional and well-situated space. The existing infrastructure, including the chain link fence and paved frontage, minimizes upfront capital expenditure. This is a rare opportunity to acquire a well-positioned industrial property in a thriving area. Don't miss out on this chance to secure a valuable asset.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1930
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,654 SF
Lot 0.24 ac (10,660 SF)
Zoning code I-1
APN 10 00352-0000-00019- 01
UPID US59-0639548
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k
Owner & transaction history
Narbut,jack
Narbut,jack
1 recorded transaction
1969
Price N/A
Zoning & alternative use
I-1 · Millville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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