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Property profile & analytics

15 Main St Milltown, NJ 08850-1518

  • Banks
  • 3,770 SF
  • 0.87 lot acres
OFF-MARKET
Value Estimation
$850,000
Last Sale
Apr 23, 2025
$827,000
Location Intelligence
Property ID
US59-0933006
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Wells Fargo Bank / Bank / Atm
  • Wells Fargo ATM / Atm
  • Wells Fargo Advisors / Investment Service

Property Details for 15 Main St

Year built
1957
Construction
BRICK
Lot size
0.87 lot acres
Property size
3,770 SF
Zone code
B-2
Property type
Banks
APN
11 00032-0000-00018- 05
APU
110003200000001805

Description

This exceptional commercial property, located at 15 N Main St in Milltown, New Jersey (zip code 08850), presents a unique investment opportunity. The freestanding building, formerly a bank, offers approximately 3,354 square feet of space on the main level, plus an additional approximately 3,426 square feet in the basement, totaling approximately 6,780 square feet. Situated on a 0.87-acre lot, the property boasts ample parking with approximately 40 spaces, ensuring convenient access for customers and employees. The building features prominent signage on all four sides, along with a freestanding monument sign, providing excellent visibility and brand exposure. The property is being sold "As Is" and is vacant, free and clear of any existing tenancies. Note that the deed will include a two-year restriction against use by any financial institution. However, a variety of uses are permitted, including medical businesses, personal service establishments, professional offices, restaurants (excluding drive-thru, carry-out, or fast food), retail businesses, and single-family detached homes. The property offers full ingress and egress from Main Street, providing easy access for both customers and staff. The asking price for this prime commercial property is $750,000.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $895,000
  • CAP approach

    CAP return
    Estimation
    6%
    $910,000
    6.5%
    $915,000
    7%
    $760,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $870,000
    Geo Method
    $775,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $820,000
    Retail
    $745,000
    Mixed-Use
    $750,000
    Hospitality
    $760,000
    Educational
    $745,000
    Residential Income
    $815,000
    Energy
    $765,000
    Income-Based Land
    $895,000
    Food Service
    $895,000

Location Insight

  • Map
  • Local Demand
City
Milltown
County
Middlesex
State
New Jersey
Longitude
-74.4375
Latitude
40.4517
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$39,786
$312,400
$287,600
$600,000
-
$312,400
$287,600
$600,000
More about this property
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