Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    227 S Main St S Milltown, NJ 08850

    • Commercial real estate
    • 0.17 lot acres
    For Sale
    View listing
    $1,800
    Value Estimation
    Location Intelligence
    Property ID
    US59-1211519
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 227 S Main St S

    Construction
    CONCRETE BLOCKS
    Lot size
    0.17 lot acres
    Zone code
    B1
    Property type
    Commercial real estate
    APN
    11 00080-0000-00011
    APU
    1100080000000011

    Description

    This exceptional 0.17-acre commercial land parcel, located at 227 S Main Street in Milltown, presents a unique investment opportunity. Zoned B1, this single-tenant property offers approximately 660 square feet of open-format space, ideal for a variety of retail or commercial uses. The property boasts high visibility due to its Main Street location, ensuring significant foot traffic and exposure. With four parking spaces available on-site, customer and employee convenience is ensured. The single-story building sits on a lot with an APN of 1100080000000011. This is a blank canvas ready for your vision, offering the chance to establish a thriving business in a bustling area. The property's open format allows for flexible design and customization to suit your specific needs. Its prime location and ample parking make it an attractive proposition for both entrepreneurs and established businesses seeking expansion. Don't miss this chance to secure a valuable piece of Milltown's commercial real estate market. Contact us today to learn more about this exciting opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $290,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $265,000
      Mixed-Use
      $230,000
      Hospitality
      $270,000
      Educational
      $240,000
      Residential Income
      $285,000
      Energy
      $300,000
      Income-Based Land
      $280,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Milltown
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4326
    Latitude
    40.4443
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $13,532
    $73,900
    $131,100
    $205,000
    -
    $73,900
    $131,100
    $205,000

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Main St

      Commercial real estate • 0.17 Acres
      Main St, Milltown, NJ 08850
      View Details
    • Value Estimation
      $190,000
      1,396 SF

      214 Main St

      COMMERCIAL (GENERAL) • 1,396 SF
      214 Main St, Milltown, NJ 08850-1828
      View Details
    • Value Estimation
      $360,000
      1,745 SF

      70 Frd Ave

      COMMERCIAL (GENERAL) • 1,745 SF
      70 Frd Ave, Milltown, NJ 08850-1534
      View Details
    • Value Estimation
      $350,000
      2,065 SF

      28 Main St

      COMMERCIAL (GENERAL) • 2,065 SF
      28 Main St, Milltown, NJ 08850-1583
      View Details
    • Value Estimation
      $265,000
      1,724 SF

      173 Main St

      COMMERCIAL (GENERAL) • 1,724 SF
      173 Main St, Milltown, NJ 08850-1417
      View Details
    • Value Estimation
      $475,000
      2,400 SF

      114 Ryders Ln

      COMMERCIAL (GENERAL) • 2,400 SF
      114 Ryders Ln, Milltown, NJ 08850-1329
      View Details

    Similar Nearby for Sale

    • $1,100,000
      0.41 Acres

      Milltown Commercial Corner Lot Investment

      High-traffic corner lot, ideal retail space.
      Ryders Ln, Milltown, NJ 08850
      View Details
    • $715,000
      1,984 SF

      Milltown Commercial Building For Sale

      Move-in ready commercial building ideal for professional or medical use.
      187 N Main St, Milltown, NJ 08850
      View Details
    • Contact for pricing
      600 SF

      Mixed-Use Building in Milltown

      Mixed-use building in the heart of Milltown on Main St.
      100 S Main St, Milltown, NJ 08850
      View Details
    • $849,900
      1,724 SF

      Main Street Retail and Residence

      Versatile Main Street property with retail and residential/office space.
      173 N Main St, Milltown, NJ 08850
      View Details
    • $30,000,000
      174,001 SF

      Milltown Warehouse and Industrial Property

      174,001 SF warehouse and industrial property in Milltown, NJ.
      Ford Ave, Milltown, NJ 08850
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      660 SF

      Main Street Commercial Land Opportunity

      High-visibility retail space, prime location.
      227 Main St, Milltown, NJ 08850
      View Details
    • $22 SF/Yr
      500 SF

      Milltown Executive Office Suites

      Prime Milltown location, 3 suites available
      440 Main St, Milltown, NJ 08850
      View Details
    • Contact for pricing
      58,000 SF

      Air Conditioned Warehouse Near Turnpike

      Warehouse space available for short-term lease near NJ Turnpike.
      300 Ryders Ln, Milltown, NJ 08850
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    227 S Main St S
    Milltown, NJ 08850
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.