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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Industrial properties
600 Columbia Ave, Millville, NJ 08332-3729
Entity Owned
4-yr Hold
Free & Clear
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Brahin Properties Inc Real Estate Agency
-
Necelectricians 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
$1.72M
Owner & transaction history
Rybm LLC · 4 yrs held
Rybm LLC
since 2021
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
I-1 · Millville, 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 Millville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millville 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
$2,030,000
ML approach
$1,745,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±10% · vs last sale $1.40M (Jul 30 2021)
Last sale anchor
$1.40M
Jul 30 2021
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
$20 / 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
$28,717
Tax year 2022
Assessed value
$757,500
Assessed 2023
Previous assessed
$757,500
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$82,200
Assessed improvement
$675,300
Land market value
$82,200
Improvement market value
$675,300
Total market value
$757,500
Applied tax rate
10.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
85,624 SF
Lot
3.86 ac (168,142 SF)
Zoning code
I-1
APN
10 00352-0000-00021
UPID
US59-0149837
Jurisdiction
CUMBERLAND
Zoning & alternative use
I-1 · Millville, NJ
Zoning I-1 · permitted uses
I-1 · Millville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
3.86 ac
Current owner
From public records · entity-resolved
Rybm LLC
Entity
Free & Clear · 4 yrs held
Mailing address
34 COTTAGE ST, MIDDLETOWN, NY 10940-4836
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
—
Rybm LLC
—
Deed
related
$600,000 · Park National Capital Funding LLC
May 31, 2022
—
Rybm LLC
—
Deed
related
$3,080,000 · Truist Bank
Jul 30, 2021
$1,400,000
Rybm LLC
An Sheng Columbia LLC
Deed
—
Oct 12, 2017
$435,000
Millvile 600 Columbia LLC
600 Columbia Associates LLC
Grant Deed
—
Oct 12, 2017
$620,000
An Sheng Columbia LLC
Millville 600 Columbia LLC
Grant Deed
—
Nov 5, 2003
$560,000
600 Columbia Assocs
Pmh Inv INC
Grant Deed
$400,000 · Commerce Bk
—
—
Pmh Investments
—
Deed Of Trust
related
$250,100 · Farmers & Merch
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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