Entity Owned 
For Lease
1 / 2
$28 SF/Yr
514 State Route 33, Millstone, NJ 08535
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Property summary
AI-generated overview
The property is a mixed-use commercial facility containing retail, office, and warehouse spaces. The configuration includes approximately 4,000 +/- square feet of retail/office area and a warehouse component ranging from about 1,500 to 4,000 +/- square feet, with the space designed to be adaptable for different tenant needs through potential build-out or alterations. It is located on heavily traveled Highway 33 in Millstone, New Jersey, providing substantial roadside exposure. The property is zoned General Highway Commercial.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2002
Total area
15,095 SF
Lot
10.05 ac (437,778 SF)
Zoning code
HC
APN
33 00022-0000-00002- 03
UPID
US59-2079784
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.68M
Owner & transaction history
since 2019
7 recorded transactions
Zoning & alternative use
HC · Millstone Township, NJ
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, N…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 16 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.68M
Value range
$2.41M – $2.94M
±10% around blend
Estimated value / SF
$177 / SF
Confidence
High
16 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
Income certainty
100
$2.41M
blend $2.68M
$2.94M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,095 SF
Lot area
10.05 ac
Year built
2002
APN
33 00022-0000-00002- 03
Zoning
HC
Assessed value
$1,695,100
Annual tax
$40,954
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.14M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.40M
@ 6.5% CAP return
$3.14M
@ 7% CAP return
$2.91M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$40,954
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$3.35M
Weighted, 16 comps · high confidence
Evidence
16 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.5 mi away · 16,620 SF
14.5 mi away · 12,120 SF
15.4 mi away · 14,972 SF
15.4 mi away · 16,567 SF
16.2 mi away · 11,406 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.68M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 35 sales
$324
-45%
County 1093 sales
$259
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $177/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 16 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.42M
Move the market yield to see immediate price impact.
Value / SF
$160
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$152k
$3.05M
$2.18M
$1.69M
$169k
$3.39M
$2.42M
$1.88M
$186k
$3.73M
$2.66M
$2.07M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
16 found
High confidence · county-verified
Closest comparable
$1.95M
7.0 mi · Feb 2026 · $142/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$40,954
Tax year 2022
Assessed value
$1,695,100
Assessed 2023
Previous assessed
$1,695,100
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$571,000
Assessed improvement
$1,124,100
Land market value
$571,000
Improvement market value
$1,124,100
Total market value
$1,695,100
Applied tax rate
33.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
2002
Heating
NONE
Buildings
1
Total area
15,095 SF
Lot
10.05 ac (437,778 SF)
Zoning code
HC
APN
33 00022-0000-00002- 03
UPID
US59-2079784
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
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, N…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Buildings
1
Lot
10.05 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
HC
COMMERCIAL
Jurisdiction
Millstone Township, NJ
Recorded code
HC
Official district
HC
Official district profile
What the municipal code says about HC
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, N…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HC in Millstone Township, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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