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Property profile & analytics
FOR LEASE
Industrial properties
1401 Wheaton Ave, Millville, NJ 08332
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-3075176
For Lease
1 / 2
$13,880,000
1401 Wheaton Ave, Millville, NJ 08332
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Lot
12.75 ac (555,390 SF)
Zoning code
I-1
APN
10 00264-0000-00012
UPID
US59-3075176
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
Current use
Occupant on record · Public records
-
Wavepoint 3PL Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.88M
Owner & transaction history
Mt 1401 LLC · 4 yrs held
Mt 1401 LLC
since 2022
Last sale
$13.5M
7 recorded transactions
Zoning & alternative use
I-1 · Millville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$18,040,000
ML approach
$10,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.88M
Range $12.49M – $15.27M · ±10% · vs last sale $13.50M (Apr 20 2022)
Last sale anchor
$13.50M
Apr 20 2022
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
—
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
$11,373
Tax year 2022
Assessed value
$300,000
Assessed 2023
Previous assessed
$300,000
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$100,000
Assessed improvement
$200,000
Land market value
$100,000
Improvement market value
$200,000
Total market value
$300,000
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
For Lease
Year built
1961
Heating
NONE
Units
1
Lot
12.75 ac (555,390 SF)
Zoning code
I-1
APN
10 00264-0000-00012
UPID
US59-3075176
Jurisdiction
CUMBERLAND
Zoning & alternative use
I-1 · Millville, NJ
Zoning 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
Millville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Heating
NONE
Units
1
Lot
12.75 ac
Current owner
From public records · entity-resolved
Mt 1401 LLC
Entity
Mailing address
1386 BRIDPORT DR, TOMS RIVER, NJ 08755-1459
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2024
—
Cr 1401 LLC
—
Deed
related
$21,365,500 · Fulton Bank
Sep 22, 2022
—
Cr 1401 LLC
—
Deed
related
$15,700,000 · Parkebank
Apr 20, 2022
$13,500,000
Mt 1401 LLC
1401 Wheaton LLC
Deed
$10,000,000 · Golden Bridge LLC
Oct 17, 2018
—
1401 Wheaton LLC
1300 Wheaton LLC
Grant Deed
—
Sep 8, 2006
$1,250,000
Sij Group LLC
The Glass Group INC
Grant Deed
—
Jul 12, 2006
$1
Kimble Glass INC
Kimble Glass INC
Grant Deed
related
—
Jul 12, 2006
$10
Glass Group INC
Kimble Glass INC
Grant Deed
related
—
Jan 4, 2006
$2,310,424
Kimble Glass INC
The Glass Group INC
Grant Deed
—
—
—
Sij Group LLC
—
Deed Of Trust
related
$4,200,000 · Sun Nat'l Bk
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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