Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space at Walmart Center Title is generated by Realmo AI

    2225-2291 N 2nd St, Millville, NJ

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Junior anchor and pad sites available in Millville, New Jersey.

    Type:RETAIL
    Property size:
    17,000 SF
    Lot size:
    33.36 Acres
    Added:
    May 23, 2025
    Days on Market:
    376
    Last Refresh:
    May 20 at 8:43 pm

    Property Features for 2225-2291 N 2nd St

    General Information

    Standard status
    Active
    Size
    17,000 SF
    Lot size
    33.36 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 2225-2291 N 2nd St Contact us

    We can help!

    Listing Contact
    Brendan Mulligan
    Brendan Mulligan

    Listing agent Brendan Mulligan

    Listing office Metro Commercial - PA

    Listing date May 23, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Metro Commercial - PA

    HighLights

    • Walmart‑anchored shopping center
    • Located at highest trafficked intersection Route 47 and Union Crossing Blvd
    • Strong road network
    • Jr. anchor and pad available
    • Targeting grocer tenants
    • Targeting fitness tenants

    Overview

    Located within a Walmart-anchored shopping center, this property offers junior anchor and pad sites. The location benefits from a strong road network and is situated at the intersection of Route 47 and Union Crossing Boulevard, which experiences high traffic volume. The property is suitable for a grocer, fitness center, or pad tenants. The property offers a total size of 17000 square feet.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Building Supply Auto Repair Shop Daycare Center Kitchen & Bath Showroom Big Box & Wholesale Store Department Store Hotel & Motel Bar & Pub HVAC Service Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millville
    County
    Cumberland
    State
    New Jersey
    Longitude
    -75.0208
    Latitude
    39.3668

    Nearby Similar for Lease

    • $11 SF/Yr
      6,899 SF

      Professional Building in Millville, NJ

      Flexible medical and professional suites available for lease.
      608-616 N HIGH Street, MILLVILLE, NJ 08332
      View Details
    • $1,200/Mo

      Downtown Millville Office Space Available

      Class A office space in Millville's downtown arts district.
      219 N HIGH Street, MILLVILLE, NJ 08332
      View Details
    • $3,681/Mo

      Millville Office Suite For Lease

      Office suite in Millville Airport Industrial Zone available for lease.
      207 BOGDEN Boulevard, MILLVILLE, NJ 08332
      View Details
    • $2,500/Mo

      Millville Executive Office Suite For Rent

      Modern office building in Millville Airport Industrial Zone. Utilities included.
      207 BOGDEN Boulevard, MILLVILLE, NJ 08332
      View Details
    • $650/Mo

      Office Space in Millville, NJ

      Office space for lease in Millville Airport Industrial Zone.
      207 BOGDEN Boulevard, MILLVILLE, NJ 08332
      View Details
    • $11 SF/Yr
      6,899 SF

      Professional Building with Flexible Suites

      Two-story building with flexible medical and office suite options.
      608-616 High St N, Millville, NJ 08332
      View Details
    • $700/Mo

      Office Space in Millville, NJ

      Office space for rent in Millville Airport Industrial Zone.
      207 BOGDEN Boulevard, MILLVILLE, NJ 08332
      View Details
    • Contact for pricing
      2,243 SF

      Retail Space in Power Center

      Retail opportunity in a multi-anchored shopping center.
      2108 N 2nd St, Millville, NJ
      View Details
    • Contact for pricing
      10,463 SF

      Retail Space in Union Lake Crossing

      Retail opportunity in a multi-anchored power center.
      2150 N 2nd St, Millville, NJ
      View Details
    • Contact for pricing
      5,227 SF

      Retail Space at Walmart Center

      Junior anchor and pad sites available in Millville, New Jersey.
      2267 N 2nd St, Millville, NJ
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Union Lake

      Prime retail opportunity in a high-traffic shopping center.
      2100 N 2nd St, Millville, NJ
      View Details
    • Contact for pricing
      5,400 SF

      Millville Warehouse with Freezer Unit

      5,400 SF warehouse with freezer, office, and truck stalls.
      1900 S 2nd St, Millville, NJ
      View Details

    FAQs

    What type of property is this?
    Shopping center - Junior anchor and pad sites available in Millville, New Jersey.
    Where is this shopping center located?
    The property is located at 2225-2291 N 2nd St Millville, NJ.
    What are key features of this property?
    This property features: Walmart‑anchored shopping center; Located at highest trafficked intersection Route 47 and Union Crossing Blvd; Strong road network
    (267) 519-7582 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brendan Mulligan
    Brendan Mulligan
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2225-2291 N 2nd St, Millville, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!