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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Industrial properties
1201-1219 Wade Blvd Millville, NJ 08332
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-1733965
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1940
Total area
7,370 SF
Lot
22.03 ac (959,627 SF)
Zoning code
I-1
APN
10 00576-0000-00006
UPID
US59-1733965
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
$495k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$361k
Blend (final)
Blend
$510k
Owner & transaction history
1210 Wade Blvd LLC · 5 yrs held
1210 Wade Blvd LLC
since 2021
Last sale
$450,000
7 recorded transactions
Zoning & alternative use
I-1 · Millville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$715,000
+108.1%
Apartment house (5+ units)
$660,000
+90.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Millville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$650,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$345,000
Current use
COMMERCIAL (GENERAL)
$715,000
Change: +108% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$660,000
Change: +91% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $450k (Jun 25 2021)
Last sale anchor
$450k
Jun 25 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$69 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$9,512
Tax year 2022
Assessed value
$250,900
Assessed 2023
Previous assessed
$250,900
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$175,200
Assessed improvement
$75,700
Land market value
$175,200
Improvement market value
$75,700
Total market value
$250,900
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1940
Heating
NONE
Units
1
Total area
7,370 SF
Lot
22.03 ac (959,627 SF)
Zoning code
I-1
APN
10 00576-0000-00006
UPID
US59-1733965
Jurisdiction
CUMBERLAND
Zoning & alternative use
I-1 · Millville, NJZoning I-1 · permitted uses
I-1 · Millville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$345,000
COMMERCIAL (GENERAL)
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$660,000
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1940
Heating
NONE
Units
1
Lot
22.03 ac
Current owner
From public records · entity-resolved
1210 Wade Blvd LLC
Entity
Free & Clear · 5 yrs held
Mailing address
646 S DELSEA DR, VINELAND, NJ 08360-4459
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2025
—
1201 Wade Blvd LLC
—
Deed
related
$3,733,235 · Century Savings Bank
Jun 25, 2021
$450,000
1210 Wade Blvd LLC
R Way Tooling&metal LLC
Deed
—
Sep 4, 2019
—
R Way Tooling & Metal Works Ll
—
Deed
related
$4,500,000 · Td Bk NA
Dec 3, 2018
—
R Way Tolling&metal Works
R Way Tolling&metal Works
Quit Claim Deed
related
—
Mar 1, 2017
—
R Way Tooling LLC
R Way Tooling LLC
Quit Claim Deed
related
—
Aug 13, 2013
$141,000
Rway Tooling LLC
City Of Millville
Grant Deed
—
—
—
R Way Tooling & Metal Works Ll
—
Deed Of Trust
related
$4,500,000 · Td Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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