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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Commercial real estate
504 Ely Harmony Rd Millstone Township, NJ 08510-7924
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0950186
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
FRAME
Total area
1,728 SF
Lot
3 ac (130,680 SF)
Zoning code
R-13
APN
33 00063-0000-00020
UPID
US59-0950186
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
$530k
CAP Approach
CAP
$360k
Comparable Approach
Comparable
$755k
Blend (final)
Blend
$575k
Owner & transaction history
A & A Truck Parts INC · 4 yrs held
A & A Truck Parts INC
since 2022
Last sale
$550,000
4 recorded transactions
Zoning & alternative use
R-13 · Millstone Township, 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 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
$530,000
CAP Approach
CAP Return
Estimation
6%
$390,000
6.5%
$360,000
7%
$335,000
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $550k (May 5 2022)
Last sale anchor
$550k
May 5 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
$333 / 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
$7,417
Tax year 2022
Assessed value
$307,000
Assessed 2023
Previous assessed
$307,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$205,000
Assessed improvement
$102,000
Land market value
$205,000
Improvement market value
$102,000
Total market value
$307,000
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
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
Off-Market
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
1,728 SF
Lot
3 ac (130,680 SF)
Zoning code
R-13
APN
33 00063-0000-00020
UPID
US59-0950186
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-13 · Millstone Township, NJZoning R-13 · permitted uses
R-13 · Millstone Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
3 ac
Current owner
From public records · entity-resolved
A & A Truck Parts INC
Entity
Mailing address
80 HENDRICKSON RD, FREEHOLD, NJ 07728-7983
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
May 5, 2022
$550,000
A & A Truck Parts INC
Wanda Carmichael
Deed
—
Oct 15, 2009
—
Rudolph A Carmichael
Carmichael,rudolph
Quit Claim Deed
related
$250,000 · Emigrant Funding Corp
Jul 29, 2004
$687,500
Rudolph Carmichael
Madrigal,antonio JR & Deborah
Grant Deed
$250,000 · Deborah Madrigal
—
—
Deborah Madrigal
—
Deed Of Trust
related
$94,000 · Commerce Bank Shore NA
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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