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Property profile & analytics
OFF-MARKET
Commercial real estate
223 Main St, Millville, NJ 08332-5351
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US59-0543390
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1863
Construction
FRAME
Total area
3,960 SF
Lot
0.28 ac (12,323 SF)
APN
10 00477-0000-00007
UPID
US59-0543390
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
-
Waltman & Reilly Law Firm
-
O'Donnell Robert J Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Steven Munyon · 1 yrs held
Steven Munyon
since 2025
Last sale
$305,000
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$5,084
Tax year 2022
Assessed value
$134,100
Assessed 2023
Previous assessed
$134,100
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$19,000
Assessed improvement
$115,100
Land market value
$19,000
Improvement market value
$115,100
Total market value
$134,100
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1863
Construction
FRAME
Heating
NONE
Stories
3
Units
2
Rooms
6
Bathrooms
2
Total area
3,960 SF
Lot
0.28 ac (12,323 SF)
APN
10 00477-0000-00007
UPID
US59-0543390
Jurisdiction
CUMBERLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1863
Construction
FRAME
Heating
NONE
Stories
3
Units
2
Rooms
6
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Steven Munyon
Individual
Mailing address
1619 ARROWHEAD TRL, VINELAND, NJ 08361-6427
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2025
$305,000
Steven Munyon
Arc Management LLC
Deed
$228,750 · Crosscountry Mortgage LLC
Jun 18, 2024
—
Arc Management LLC
—
Deed
related
$315,000 · First National Bank Elmer
Oct 21, 2021
$285,000
Arc Management LLC
Chaad Investments LLC
Deed
$213,750 · First National Bank
Sep 11, 2019
$175,000
Chaad Investments LLC
R & R Way LLC
Grant Deed
$200,000 · 1st Colonial Cmnty Bk
Jan 29, 2014
$54,980
R & R Way LLC
223 East Main Street LLC
Grant Deed
—
Oct 28, 2002
$168,000
223 East Main St LLC
Johnson,harold & Hope
Grant Deed
$120,000 · Boardwalk Bk
—
—
R & R Way LLC
—
Deed Of Trust
related
$350,000 · Capital Bk/nj
—
—
Johnson,harold U & Hope M
—
Deed Of Trust
related
$50,000 · Miscellaneous Govt Agcy
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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