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Property profile & analytics
OFF-MARKET
Residential income homes
224 2nd St Millville, NJ 08332-6516
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0994702
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1939
Total area
3,216 SF
Lot
0.08 ac (3,280 SF)
Zoning code
B-3
APN
10 00412-0000-00017
UPID
US59-0994702
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
-
Glasstown Residence @ River Park Vacation Rental
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
Phoenician Construction LLC · 7 yrs held
Phoenician Construction LLC
since 2018
Last sale
$130,000
4 recorded transactions
Zoning & alternative use
B-3 · 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
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
$3,768
Tax year 2022
Assessed value
$99,400
Assessed 2023
Previous assessed
$99,400
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$33,500
Assessed improvement
$65,900
Land market value
$33,500
Improvement market value
$65,900
Total market value
$99,400
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1939
Heating
NONE
Stories
2
Units
1
Rooms
14
Bathrooms
5
Total area
3,216 SF
Lot
0.08 ac (3,280 SF)
Zoning code
B-3
APN
10 00412-0000-00017
UPID
US59-0994702
Jurisdiction
CUMBERLAND
Zoning & alternative use
B-3 · Millville, NJ
Zoning B-3 · permitted uses
B-3 · 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
1939
Heating
NONE
Stories
2
Units
1
Rooms
14
Bathrooms
5
Lot
0.08 ac
Current owner
From public records · entity-resolved
Phoenician Construction LLC
Entity
Free & Clear · 7 yrs held
Mailing address
125 GLENRIDGE AVE UNIT #863, MONTCLAIR, NJ 07042-6839
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2018
$105,000
Phoenician Construction LLC
311 Oak LLC
Grant Deed
—
Oct 24, 2018
$100,000
311 Oak LLC
Feldman,moshe & Balsheva
Grant Deed
—
Sep 11, 2017
$350,000
Moshe Z Feldman
6 Fourth LLC
Grant Deed
—
Aug 2, 2011
$390,000
6 Fourth LLC
Shuster,sandra B
Grant Deed
$340,000 · Sandra Shuster
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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