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Property profile & analytics
OFF-MARKET
Estimated value
$14,965,000
Industrial properties
2 Wren Hvn Dr Millstone Township, NJ 08510-2301
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2258209
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
6.08 ac (264,845 SF)
Zoning code
BP
APN
33 00053-0000-00004- 09
UPID
US59-2258209
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
$10.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.97M
Owner & transaction history
Ren Haven LLC · 4 yrs held
Ren Haven LLC
since 2022
Last sale
$14.7M
3 recorded transactions
Zoning & alternative use
BP · Millstone Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
BP, BUSINESS PARK ZONE. [ Ord. No. 96-16 ] Purpose: The Business Park zoning district is designed to provide for limited industrial uses within a rural business park setting. The Business Park zones are located near regional arterial roadways (Route 33 and Interstate 195). Due to environmental restrictions from the requirement for on-site septic and individu…
Zone name
Business Park
General category
INDUSTRIAL
Zone area
652.43 ac
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 Millstone Township submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millstone Township 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
$15,440,000
ML approach
$10,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.97M
Range $13.47M – $16.46M · ±10% · vs last sale $14.73M (Jan 20 2022)
Last sale anchor
$14.73M
Jan 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
$119,660
Tax year 2022
Assessed value
$4,952,800
Assessed 2023
Previous assessed
$4,952,800
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$302,100
Assessed improvement
$4,650,700
Land market value
$302,100
Improvement market value
$4,650,700
Total market value
$4,952,800
Applied tax rate
33.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Heating
NONE
Lot
6.08 ac (264,845 SF)
Zoning code
BP
APN
33 00053-0000-00004- 09
UPID
US59-2258209
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BP · Millstone Township, NJZoning BP · permitted uses
BP · Millstone Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
BP, BUSINESS PARK ZONE. [ Ord. No. 96-16 ] Purpose: The Business Park zoning district is designed to provide for limited industrial uses within a rural business park setting. The Business Park zones are located near regional arterial roadways (Route 33 and Interstate 195). Due to environmental restrictions from the requirement for on-site septic and individual wells, all industrial, warehouse, and other permitted uses must adhere to the environmental performance standards established by the New Jersey Department of Environmental Protection, the Monmouth County Health Department, and the Millstone Township Land Use and Development Regulations.
Zone name
Business Park
General category
INDUSTRIAL
Zone area
652.43 ac
Building & site characteristics
From public records
Heating
NONE
Lot
6.08 ac
Current owner
From public records · entity-resolved
Ren Haven LLC
Entity
Mailing address
4111 18TH AVE, BROOKLYN, NY 11218-5894
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
Jan 20, 2022
$14,725,000
Ren Haven LLC
Mdeimj LLC
Warranty Deed
$11,800,000 · Sterling National Bank
May 13, 2021
$7,740,000
Mdeimj LLC
106 Trenton Millstone LLC
Deed
$11,000,000 · Fulton Bank NA
Oct 29, 2018
$3,750,000
106 Trenton Plaza LLC
106 Trenton-lakewood Road LLC
Grant Deed
related
$2,000,000 · Other Institutional Lenders
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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