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Property profile & analytics
OFF-MARKET
Commercial real estate
3 Wren Hvn Dr Millstone Township, NJ 08510
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2375679
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Zoning code
BP
APN
33 00053-0000-00004- 04-B01
UPID
US59-2375679
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
Mdeimj LLC · 5 yrs held
Mdeimj LLC
since 2021
1 recorded transaction
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
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
$1,102
Tax year 2022
Assessed value
$45,600
Assessed 2023
Previous assessed
$45,600
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed improvement
$45,600
Improvement market value
$45,600
Total market value
$45,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Zoning code
BP
APN
33 00053-0000-00004- 04-B01
UPID
US59-2375679
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
Current owner
From public records · entity-resolved
Mdeimj LLC
Entity
Mailing address
99 JERSEY AVE, NEW BRUNSWICK, NJ 08901-3257
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2021
$7,740,000
Mdeimj LLC
106 Trenton Millstone LLC
Deed
$11,000,000 · Fulton Bank NA
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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