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Property profile & analytics
OFF-MARKET
Estimated value
$980,000
Industrial properties
1501 Oakland Ave Millville, NJ 08332-0009
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US59-3052222
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1944
Total area
10,980 SF
Lot
3.25 ac (141,570 SF)
Zoning code
I-1
APN
10 00484-0000-00001
UPID
US59-3052222
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
-
TWISTED ENGINEERING Industrial Manufacturer Production Facility
-
Telecare LLC Medical Clinic
-
Soldiers For Christ Church
-
TRI STATE LAWN CARE LLC Landscaping General Contractor
-
kayz kreationz (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$980k
Owner & transaction history
1501 Oakland LLC
1501 Oakland LLC
since 2026
7 recorded transactions
Zoning & alternative use
I-1 · Millville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.1M
+108.1%
Apartment house (5+ units)
$980,000
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$915,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,070,000
Change: +108% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$980,000
Change: +91% · Conversion: Difficult
Blend value · Realmo final
$980k
Range $882k – $1.08M · ±10%
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
$89 / 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
$29,839
Tax year 2022
Assessed value
$787,100
Assessed 2023
Previous assessed
$787,100
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$81,300
Assessed improvement
$705,800
Land market value
$81,300
Improvement market value
$705,800
Total market value
$787,100
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
1944
Heating
NONE
Stories
1
Units
1
Total area
10,980 SF
Lot
3.25 ac (141,570 SF)
Zoning code
I-1
APN
10 00484-0000-00001
UPID
US59-3052222
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
COMMERCIAL (GENERAL)
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$980,000
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
1944
Heating
NONE
Stories
1
Units
1
Lot
3.25 ac
Current owner
From public records · entity-resolved
1501 Oakland LLC
Entity
Mailing address
1189 LAKEWOOD FARMINGDALE RD, HOWELL, NJ 07731-8689
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
$5,400,000
1501 Oakland LLC
Oak Tree Properties LLC
Deed
$4,050,000 · Parke Bank
Mar 9, 2022
—
Oak Tree Properties LLC
—
Deed
related
$2,300,000 · Hanover Community Bank
Sep 6, 2005
$1,967,609
R & R Rentals LLC
Pmh Investments INC
Grant Deed
—
—
—
Eagle Property Management LLC
—
Deed Of Trust
related
$200,000 · City Of Millville
—
—
Pmh Inv INC
—
Deed Of Trust
related
$1,250,000 · First Nat'l Bk/elmer
—
—
Oak Tree Properties LLC
—
Deed Of Trust
related
$1,425,000 · Susquehanna Bank
—
—
R & R Rentals LLC
—
Deed Of Trust
related
$1,710,000 · Colonial Bk
—
—
R & R Rentals LLC
—
Deed Of Trust
related
$750,000 · Minotola Nat'l Bk
—
—
R & R Rentals LLC
—
Deed Of Trust
related
$400,000 · Millville Svgs Bk
—
—
R & R Rentals LLC
—
Deed Of Trust
related
$200,000 · Millville Svgs 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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