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600 Columbia Ave Millville, NJ 08332-3729

OFF-MARKET Industrial properties Google Maps
85,624 SF 3.86 ac lot Built 1930
Entity Owned 5-yr Hold Free & Clear
Estimated value (blended)
$2.03M
Range $1.83M – $2.23M (±10%)
Property ID US59-0149837

Property summary

AI-generated overview

This exceptional 120,000-square-foot industrial warehouse in Millville, New Jersey, is offered for sale at $6,600,000. The property boasts a strong net operating income (NOI) of $470,000 annually, driven by 100% occupancy with three credit-rated corporate tenants under long-term leases (all with over three years remaining). The building features six loading docks and two dock-high doors, facilitating efficient operations. The warehouse offers a 20-foot ceiling height, providing ample storage and operational flexibility. Located at 600 Columbia Ave, Millville, NJ 08332, this property is ideally situated for distribution and manufacturing needs within Cumberland County. The diversified tenant base minimizes risk and ensures a stable income stream. This investment opportunity presents a compelling combination of size, strong financial performance, and long-term lease security, making it an attractive addition to any real estate portfolio. The property is classified as industrial, with subtypes including distribution, manufacturing, and warehouse.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1930
Construction FRAME
Total area 85,624 SF
Lot 3.86 ac (168,142 SF)
Zoning code I-1
APN 10 00352-0000-00021
UPID US59-0149837

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Real Estate Agency
  • Electrical Service General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.75M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.02M
Blend (final) Blend
$2.03M

Owner & transaction history

since 2021
Last sale
$1.4M
7 recorded transactions
2025
Price N/A
2022
Price N/A
2021
$1.4M
2017
$435,000
2017
$620,000
2003
$560,000
1969
Price N/A

Zoning & alternative use

I-1 · Millville, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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