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Property profile & analytics
OFF-MARKET
Commercial real estate
245 Main St Milltown, NJ 08850-1826
Entity Owned
8-yr Hold
Free & Clear
Property ID
US59-0992949
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1956
Construction
CONCRETE BLOCKS
Total area
1,440 SF
Lot
0.43 ac (18,750 SF)
Zoning code
B1
APN
11 00082-0000-00001
UPID
US59-0992949
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
245 South Main St LLC · 8 yrs held
245 South Main St LLC
since 2017
5 recorded transactions
Zoning & alternative use
B1 · Milltown, 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 Milltown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milltown 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
$13,426
Tax year 2022
Assessed value
$173,200
Assessed 2023
Previous assessed
$173,200
+0.0% YoY
Effective rate
7.75%
On assessed value
Assessed land
$123,100
Assessed improvement
$50,100
Land market value
$123,100
Improvement market value
$50,100
Total market value
$173,200
Applied tax rate
11.0000
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
1956
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
1,440 SF
Lot
0.43 ac (18,750 SF)
Zoning code
B1
APN
11 00082-0000-00001
UPID
US59-0992949
Jurisdiction
MIDDLESEX
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B1 · Milltown, NJ
Zoning B1 · permitted uses
B1 · Milltown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milltown. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1956
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
245 South Main St LLC
Entity
Free & Clear · 8 yrs held
Mailing address
68 FINDERNE AVE, BRIDGEWATER, NJ 08807-3287
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2017
$263,000
245 South Main St LLC
Sheriff / Middlesex County|j9 Properties LLC
Trustees Deed
—
May 10, 2011
$360,000
J9 Properties LLC
Jsd Equities LLC
Grant Deed
—
Jun 11, 2007
—
Jsd Equities LLC
Jsd Equities LLC
Quit Claim Deed
related
—
—
—
J9 Properties LLC
—
Deed Of Trust
related
$110,000 · Daniel Grigonis
—
—
J9 Properties LLC
—
Deed Of Trust
related
$275,000 · Jsd Equities LLC
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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