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Property profile & analytics
FOR LEASE
Commercial real estate
415 2Nd St S, Millville, NJ 08332
Individually Owned
14-yr Hold
Free & Clear
Property ID
US59-2136294
For Lease
1 / 24
$3,500/Mo
415 2Nd St S, Millville, NJ 08332
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Property summary
AI-generated overview
This exceptional 1.21-acre mixed-use property at 415 2nd St S, Millville, NJ, presents a unique investment opportunity. The 1,500 square foot building previously operated as a self-serve car and truck wash, offering a solid foundation for various ventures. The existing structure includes four self-wash bays, a drive-thru car wash building and systems, twelve vacuums, a truck wash bay, vending machines (air freshener, car wash supplies, and change), and a lint-free towel dispenser. These features could easily be restored, making it an ideal location for a car wash business, capitalizing on the existing infrastructure and the high traffic volume of Route 47.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2003
Total area
1,800 SF
Lot
1.21 ac (52,708 SF)
Zoning code
I-1
APN
10 00529-0000-00001- 01
UPID
US59-2136294
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
Singh,bajinder & Sukhwinder · 14 yrs held
Singh,bajinder & Sukhwinder
since 2011
7 recorded transactions
Zoning & alternative use
I-1 · 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
$3,791
Tax year 2022
Assessed value
$100,000
Assessed 2023
Previous assessed
$100,000
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$40,700
Assessed improvement
$59,300
Land market value
$40,700
Improvement market value
$59,300
Total market value
$100,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
2003
Heating
NONE
Stories
1
Units
1
Total area
1,800 SF
Lot
1.21 ac (52,708 SF)
Zoning code
I-1
APN
10 00529-0000-00001- 01
UPID
US59-2136294
Jurisdiction
CUMBERLAND
Zoning & alternative use
I-1 · Millville, NJ
Zoning I-1 · permitted uses
I-1 · 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
2003
Heating
NONE
Stories
1
Units
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Singh,bajinder & Sukhwinder
Individual
Free & Clear · 14 yrs held
Mailing address
604 BALIS DR, MULLICA HILL, NJ 08062-2848
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2020
—
Sukhwinder Singh
—
Deed
related
$400,000 · Colonial Bk Fsb
Dec 27, 2011
$425,000
Singh,bajinder & Sukhwinder
Colonial Bank Fsb
Grant Deed
—
Dec 4, 2006
$250,000
Millville Elite Enterprises Ll
Seaview Mgmt Company INC
Grant Deed
—
Apr 8, 2004
$825,000
Seaview Mgmt Co INC
Holly City Car Wash LLC
Grant Deed
$625,000 · Business Ln Ctr
Mar 5, 2004
—
Holly City Car Wash LLC
—
Trustees Deed
related
$325,000 · Millville Svgs Bk
—
—
Millville Elite Enterprises Ll
—
Deed Of Trust
related
$425,000 · Colonial Bk
—
—
Holly City Carwash LLC
—
Deed Of Trust
related
$100,000 · Millville Svgs Bk
—
—
Millville Elite Enterprises Ll
—
Deed Of Trust
related
$425,000 · Colonial Bk
—
—
Singh,sukhwinder & Bajinder
—
Deed Of Trust
related
$400,000 · Colonial Bk
—
—
Sukhwinder Singh
—
Loan Modification
related
$400,000 · Colonial Bk Fsb
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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