201 Kates Blvd Millville, NJ 08332
- Commercial real estate
- 6,132 SF
- 0.55 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 201 Kates Blvd
- Year built
- 1980
- Lot size
- 0.55 lot acres
- Property size
- 6,132 SF
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 10 00535-0000-00001
- APU
- 1000535000000001
Description
This 800-square-foot office space is located in Holly City Plaza, a six-unit commercial building at 201 Kates Blvd, Millville, NJ 08332. Built in 1980, the plaza sits on a 0.55-acre lot and offers ample parking with 22 spaces. Suite 209 is a single-tenant space ideal for a variety of businesses, including retail, professional offices, or service-oriented enterprises. The building enjoys a high-traffic location, adjacent to R.M. Bacon Elementary School and a Methodist Church, ensuring excellent visibility. Current tenants include a fast-food restaurant and a convenience store, creating a vibrant and established commercial environment. The space is available for lease on a triple net basis at a monthly rate of $2,000. The property's convenient location and ample parking make it an attractive option for businesses seeking a strong presence in Millville, New Jersey. The adaptable layout of Suite 209 allows for customization to suit diverse business needs. This is a fantastic opportunity to establish or expand your business in a thriving commercial center. The property offers a blend of established businesses and high foot traffic, creating a dynamic and promising environment for new tenants.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $230,000
- 6.5%
- $230,000
- 7%
- $245,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $225,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $250,000
- Retail
- $230,000
- Mixed-Use
- $265,000
- Hospitality
- $220,000
- Educational
- $250,000
- Residential Income
- $200,000
- Energy
- $255,000
- Income-Based Land
- $250,000
- Food Service
- $225,000
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.032
- Latitude
- 39.3872
- CBSA code
- 47220
- CBSA name
- VINELAND-MILLVILLE-BRIDGETON, NJ METROPOLITAN STATISTICAL AREA