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Property profile & analytics
FOR LEASE
Commercial real estate
490 Rte 33 Millstone, NJ 07726
Entity Owned
12-yr Hold
Free & Clear
Property ID
US59-1369694
For Lease
1 / 12
$2,225,000
490 Rte 33, Millstone, NJ 07726
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1985
Construction
BRICK
Total area
14,400 SF
Lot
6.52 ac (284,011 SF)
Zoning code
HC
APN
33 00022-0000-00010
UPID
US59-1369694
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
$2.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.23M
Owner & transaction history
Jersey Ctrl Power & Light Co · 12 yrs held
Jersey Ctrl Power & Light Co
since 2013
7 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 submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millstone 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,240,000
6.5%
$2,990,000
7%
$2,775,000
Blend value · Realmo final
$2.23M
Range $2.00M – $2.45M · ±10%
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
$155 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$32,143
Tax year 2023
Assessed value
$1,293,500
Assessed 2024
Previous assessed
$1,293,500
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$425,200
Assessed improvement
$868,300
Land market value
$425,200
Improvement market value
$868,300
Total market value
$1,293,500
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
Year built
1985
Construction
BRICK
Heating
NONE
Buildings
1
Stories
1
Total area
14,400 SF
Lot
6.52 ac (284,011 SF)
Zoning code
HC
APN
33 00022-0000-00010
UPID
US59-1369694
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
Year built
1985
Construction
BRICK
Heating
NONE
Stories
1
Buildings
1
Lot
6.52 ac
Current owner
From public records · entity-resolved
Jersey Ctrl Power & Light Co
Entity
Free & Clear · 12 yrs held
Mailing address
490 STATE RTE 33, MILLSTONE TWP, NJ 08535-8193
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
—
Corporate Park LLC
—
Deed
related
$1,000,000 · S & T Bank
Oct 3, 2013
—
Jersey Ctrl Power & Light Co
Gedi Corporate Park LLC
Grant Deed
related
—
—
—
Gedi Corporate Park LLC
—
Deed Of Trust
related
$600,000 · Amboy National Bank
—
—
Gedi Corporate Park LLC
—
Loan Modification
related
$570,000 · Amboy Nat'l Bk
—
—
Extreme Broadband Engineering
—
Deed Of Trust
related
$1,000,000 · Amboy Bank
—
—
Gedi Corporate Park LLC
—
Deed Of Trust
related
—
—
—
Gedi Corporate Park LLC
—
Loan Modification
related
$570,000 · Amboy Bank
—
—
Extreme Broadband Engineering
—
Deed Of Trust
related
$1,000,000 · Amboy Bank
—
—
Gedi Corporate Park LLC
—
Deed Of Trust
related
$1 · Amboy National Bank
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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