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    Property profile & analytics

    535 Millburn Ave Millburn, NJ 07078

    • Retail properties
    • 5,000 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 535 Millburn Ave

    Property size
    5,000 SF
    Property type
    Retail properties

    Description

    This exceptional retail property, located at 535 Millburn Avenue in Millburn, New Jersey, offers a fantastic opportunity for a discerning business. The property is a single-tenant space within a larger building, boasting a total of 5,000 square feet. Currently, 2,400 square feet of this prime retail space is available for lease, presenting a significant opportunity for expansion or a new venture. The property is classified as Commercial Retail in Essex County, and is conveniently located at 535 Millburn Ave, Millburn, NJ 07078. Parking is readily available via street parking and nearby municipal lots, ensuring convenient access for both customers and employees. The address is easily accessible and situated in a vibrant commercial area, offering high visibility and foot traffic. The available space is adaptable and can accommodate a variety of retail businesses. This is an excellent chance to establish or expand a business in a thriving New Jersey community. The property's size and location make it an ideal choice for businesses seeking a prominent presence in a desirable market. Serious inquiries are encouraged to explore this exceptional leasing opportunity. The property is zoned for commercial use.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Millburn
    County
    Essex
    State
    New Jersey
    Longitude
    -74.3217
    Latitude
    40.7192

    Comparable in this City

    • Value Estimation by Request
      6,500 SF

      565 Millburn Ave

      Individual retail properties • 6,500 SF
      565 Millburn Ave, Millburn, NJ 07078
      View Details
    • Value Estimation by Request
      8,500 SF

      750 Morris Tpke

      Individual retail properties • 8,500 SF
      750 Morris Tpke, Short Hills, NJ 07078
      View Details
    • Value Estimation by Request
      633.00 Acres

      John F Kennedy Pkwy

      COMMERCIAL (GENERAL) • 633.00 Acres
      John F Kennedy Pkwy, Short Hills, NJ 07078
      View Details
    • Value Estimation by Request
      0.22 Acres

      507 Millburn Ave, Unit 509

      COMMERCIAL (GENERAL) • 0.22 Acres
      507 Millburn Ave, Short Hills, NJ 07078-2522
      View Details
    • Value Estimation by Request
      0.34 Acres

      704 Morris Tpke

      COMMERCIAL (GENERAL) • 0.34 Acres
      704 Morris Tpke, Short Hills, NJ 07078-2614
      View Details
    • Value Estimation by Request
      10,508 SF

      162 Hobart Ave

      COMMERCIAL (GENERAL) • 10,508 SF
      162 Hobart Ave, Short Hills, NJ 07078-2848
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      83,430 SF

      Prime Millburn Office Space

      Executive suites, flexible layouts, ample parking.
      830 Morris Tpke, Millburn, NJ 07078
      View Details
    • $0.24 SF/Yr
      15,832 SF

      Short Hills Office Space

      Prime Essex County office suites, flexible options.
      830 Morris Tpke, Short Hills, NJ 07078
      View Details
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    535 Millburn Ave
    Millburn, NJ 07078
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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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