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Property profile & analytics
FOR SALE
Commercial real estate
1601 North 2Nd St, Millville, NJ 08332
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1274838
For Sale
1 / 4
$7,100,000
1601 North 2Nd St, Millville, NJ 08332
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Total area
13,712 SF
Lot
1.31 ac (56,998 SF)
Zoning code
B-4
APN
10 00233-0000-00004
UPID
US59-1274838
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
-
Alafia OBGYN Physician
-
Lieberman Roger D DO Ophthalmologist
-
D'Arrigo Philip MD Physician
-
Reliant Radiology LLC Physician Medical Clinic
-
New Jersey Career Center Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.10M
Owner & transaction history
Glasstown Village LLC · 4 yrs held
Glasstown Village LLC
since 2022
Last sale
$7.4M
3 recorded transactions
Zoning & alternative use
B-4 · 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
$6,850,000
ML approach
$6,845,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.10M
Range $6.39M – $7.81M · ±10% · vs last sale $7.35M (Jan 21 2025)
Last sale anchor
$7.35M
Jan 21 2025
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
$518 / 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
$28,433
Tax year 2022
Assessed value
$750,000
Assessed 2023
Previous assessed
$750,000
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$200,000
Assessed improvement
$550,000
Land market value
$200,000
Improvement market value
$550,000
Total market value
$750,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1970
Heating
NONE
Stories
1
Units
1
Total area
13,712 SF
Lot
1.31 ac (56,998 SF)
Zoning code
B-4
APN
10 00233-0000-00004
UPID
US59-1274838
Jurisdiction
CUMBERLAND
Zoning & alternative use
B-4 · Millville, NJ
Zoning B-4 · permitted uses
B-4 · 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
1970
Heating
NONE
Stories
1
Units
1
Lot
1.31 ac
Current owner
From public records · entity-resolved
Glasstown Village LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1601 N 2ND ST, MILLVILLE, NJ 08332-1924
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 20, 2022
$992,250
Glasstown Village LLC
1601 Millville LLC
Deed
—
Dec 17, 2020
$540,000
1601 Millville LLC
Amazing Grace Community Church
Grant Deed
—
Jan 24, 2020
—
Amazing Grace Community Church
Kejzman Realty LLC
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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