Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    504 Ely Harmony Rd Millstone, NJ 08510

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    504 Ely Harmony Rd Millstone, NJ 08510

    View on Map
    • Commercial real estate
    • 1,728 SF
    • 3.00 lot acres
    For Sale
    $1,200,000
    View Listing →
    Millstone Commercial Property - High Traffic Area For Sale
    $1,200,000
    1,728 SF

    Millstone Commercial Property - High Traffic Area

    Three-acre corner lot, I-195 access, existing building.

    504 Ely Harmony Rd, Millstone, NJ 08510
    View Listing
    Property ID
    US59-0950186
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    4%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 504 Ely Harmony Rd

    Construction
    FRAME
    Lot size
    3.00 lot acres
    Property size
    1,728 SF
    Zone code
    R-13
    Property type
    Commercial real estate
    APN
    33 00063-0000-00020
    APU
    3300063000000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $575,000
      ML approach
      $530,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $390,000
      6.5%
      $360,000
      7%
      $335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $755,000
      Market price range: $272k - $913k

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Millstone Township
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.3714
    Latitude
    40.1977
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $7,417
    $205,000
    $102,000
    $307,000
    -
    $205,000
    $102,000
    $307,000

    Comparable in this City

    • Value Estimation by Request
      1,728 SF

      504 Ely Harmony Rd

      Commercial real estate • 1,728 SF
      504 Ely Harmony Rd, Millstone, NJ 08510
      View Details
    • Value Estimation by Request

      3 Wren Hvn Dr

      COMMERCIAL (GENERAL)
      3 Wren Hvn Dr, Millstone Township, NJ 08510
      View Details
    • Value Estimation
      $590,000
      3,600 SF

      441 Millstone Rd

      COMMERCIAL (GENERAL) • 3,600 SF
      441 Millstone Rd, Millstone Township, NJ 08510-1115
      View Details
    • Value Estimation
      $715,000
      5,460 SF

      488 Monmouth Rd

      COMMERCIAL (GENERAL) • 5,460 SF
      488 Monmouth Rd, Clarksburg, NJ 08510-1219
      View Details
    • Value Estimation
      $855,000
      5,859 SF

      465 Stagecoach Rd

      COMMERCIAL (GENERAL) • 5,859 SF
      465 Stagecoach Rd, Millstone Township, NJ 08510-1406
      View Details
    • Value Estimation by Request
      2.25 Acres

      508 Monmouth Rd

      COMMERCIAL (GENERAL) • 2.25 Acres
      508 Monmouth Rd, Millstone Township, NJ 08510-1120
      View Details

    Similar Nearby for Sale

    • $1,200,000
      1,728 SF

      Millstone Commercial Property - High Traffic Area

      Three-acre corner lot, I-195 access, existing building.
      504 Ely Harmony Rd, Millstone, NJ 08510
      View Details
    • Contact for pricing

      Liquor License Opportunity in Millstone

      Class C liquor license for sale in Millstone, New Jersey.
      Monmouth Rd, Millstone, NJ 08510
      View Details
    • $850,000
      8.00 Acres

      Millstone Land Subdivision Opportunity

      8+ acre land parcel in Millstone, NJ for sale.
      16 Hidden Pines Dr, Millstone, NJ 08510
      View Details
    • Contact for pricing

      Highway Commercial Land Near Outlets

      4.02 acre commercial land with high traffic visibility.
      490 Monmouth Rd, Millstone Township, NJ 08510
      View Details
    • $250,000

      Commercial Land Near I-195

      2.5-acre commercial land parcel near major highways.
      514 Monmouth Rd, Millstone Township, NJ 08510
      View Details
    • $2,999,999
      Pending

      29 Acres Prime Real Estate

      29 acres of prime real estate in Monmouth County.
      370 Millstone Rd, Clarksburg, NJ 08510
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    504 Ely Harmony Rd
    Millstone, NJ 08510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    504 Ely Harmony Rd, Millstone, NJ, 08510

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!