Financial
Distress signals
Property profile

321 Millburn Ave Millburn, NJ 07041

FOR LEASE
Other commercial real estate
Property ID
US59-3160405
0.35 ac lot Built 1940
Last sale Jan 2014
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail space totaling 2,030 square feet, located on Millburn Ave in Millburn, New Jersey. It is equipped with heating and air conditioning, and the space is situated within walking distance of the train station, in an area characterized by high pedestrian activity.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$47k
Tax billed · 2022
Assessed value · 2023$2.42M
Assessed land$629k
Assessed improvement$1.79M
Effective rate1.94%

Value estimate

· Sep 2026
$500k
$450k – $550k
AI approach$500k
NOI build-up
Gross scheduled income$11k
Vacancy & credit loss−$3k
Operating expenses−$2k
NOI · 816.00% cap applied$6k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$295/SF
County average, outlier-cleaned · 734 recorded sales of this use type
Observed band · Q1–Q3$160 – $468

Cap rate analysis

How does the asset earn?
816.00%
$6k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionESSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store9.9
Shoe Repair8.6
Butcher8.3

Location

321 Millburn Ave Millburn, NJ 07041
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
281 Main, Millburn, NJ 07041-1162 $800,000 Dec 2025 No data
27 Main, Millburn, NJ 07041-1466 $1,200,000 May 2025 3,078 SF
45 Essex St, Millburn, NJ 07041-1668 $1,770,000 Apr 2025 5,740 SF
673 Ridgewood, Millburn, NJ 07041-1918 $438,000 Feb 2025 686 SF
393 Millburn, Millburn, NJ 07041-1326 $1,400,000 Sep 2024 No data
41 Main, Millburn, NJ 07041-1381 $1,890,000 Sep 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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