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Property profile & analytics
FOR LEASE
Commercial real estate
453 State Route 33 Millstone Township, NJ 07726
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2033950
For Lease
1 / 22
$3,450/Mo
453 State Route 33, Millstone Township, NJ 07726
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
2,512 SF
Lot
0.75 ac (32,670 SF)
Zoning code
HC
APN
33 00024-0000-00007- 01
UPID
US59-2033950
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
$545k
CAP Approach
CAP
$520k
Comparable Approach
Comparable
$350k
Blend (final)
Blend
$575k
Owner & transaction history
Dimag Millstone Office Plaza LLC · 4 yrs held
Dimag Millstone Office Plaza LLC
since 2022
Last sale
$550,000
4 recorded transactions
Zoning & alternative use
HC · Millstone Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
HC, HIGHWAY COMMERCIAL ZONE. [ Ord. No. 96-16 ; Ord. No. 00-04 § III] Purpose: The Highway Commercial zoning district is intended to provide for service and retail commercial users along County Routes 526, 571 and 537, New Jersey Route 33 and Burnt Tavern Road.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
352.26 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
Method
Estimation
Statistic approach
$575,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$565,000
6.5%
$520,000
7%
$485,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $550k (Jul 6 2022)
Last sale anchor
$550k
Jul 6 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$229 / SF
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
$14,281
Tax year 2022
Assessed value
$591,100
Assessed 2023
Previous assessed
$591,100
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$199,500
Assessed improvement
$391,600
Land market value
$199,500
Improvement market value
$391,600
Total market value
$591,100
Applied tax rate
33.0000
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
Construction
BRICK
Heating
HEAT PUMP
Buildings
1
Stories
2
Total area
2,512 SF
Lot
0.75 ac (32,670 SF)
Zoning code
HC
APN
33 00024-0000-00007- 01
UPID
US59-2033950
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HC · Millstone Township, NJZoning HC · permitted uses
HC · Millstone Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
HC, HIGHWAY COMMERCIAL ZONE. [ Ord. No. 96-16 ; Ord. No. 00-04 § III] Purpose: The Highway Commercial zoning district is intended to provide for service and retail commercial users along County Routes 526, 571 and 537, New Jersey Route 33 and Burnt Tavern Road.
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
352.26 ac
Building & site characteristics
From public records
Construction
BRICK
Heating
HEAT PUMP
Stories
2
Buildings
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Dimag Millstone Office Plaza LLC
Entity
Mailing address
26 INDIAN PATH, MILLSTONE TOWNSHIP, NJ 08535-8081
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 6, 2022
$550,000
Dimag Millstone Office Plaza LLC
Millstone Office Plaza LLC
Deed
$770,000 · Gold Coast Bank Chicago Il
Sep 17, 2001
$1
Millstone Office Plaza LLC
Millett,john
Grant Deed
related
—
Jan 20, 2000
$320,000
John Millet
Hayes,james & Suydam Forman
Grant Deed
—
—
—
Millstone Office Plaza LLC
—
Deed Of Trust
related
$280,000 · First Union Natl Bk/duluth
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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