608 High N St, Unit 616 Millville, NJ 08332-3025
Property profile & analytics
608 High N St, Unit 616 Millville, NJ 08332-3025
- Commercial real estate
- 6,899 SF
- 0.18 lot acres
Property ID
US59-1203558
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.
Location Intelligence
Current Use by Public Records
- Dr. Emanuel Petroulakis, MD / Physician
- Dr. Saeed A. Butt, MD / Physician
- Dr. Maria T. Tsangaridou Petroulakis, MD / Physician
Property Details for 608 High N St
- Year built
- 1990
- Lot size
- 0.18 lot acres
- Property size
- 6,899 SF
- Zone code
- B-1
- Property type
- Commercial real estate
- APN
- 10 00313-0000-00001
- APU
- 1000313000000001
Description
This exceptional two-story, 6,899 sq ft office building in Millville, NJ, presents a remarkable investment opportunity. Located on a 0.306-acre lot at 608-616 N High St, this Class C property boasts 11 units, 22 parking spaces, and is currently vacant, offering immediate potential for high returns. Built in 1990, the building features two downstairs units, each with private bathrooms and reception areas, ideal for medical or professional services. Upstairs, nine designated office spaces (with potential for more) provide flexibility for individual tenants or a larger single tenant. A shared bathroom and kitchen area are also located upstairs. The property has historically generated significant rental income, exceeding $110,000 annually, with minimal operating expenses. The asking price is $325,000, representing a 10.05% cap rate and a pro-forma cap rate of 13.15%, with a pro-forma NOI of $42,732. The price per square foot is $47.11, and the price per unit is $29,545.45. This high-traffic location offers excellent visibility and accessibility, making it an ideal investment for both immediate income generation and long-term appreciation. Prior income/expense reports and upstairs floor plans are available upon request. The property is fee simple ownership.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.0391
- Latitude
- 39.4025
- CBSA code
- 47220
- CBSA name
- VINELAND-MILLVILLE-BRIDGETON, NJ 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
$13,269
$76,000
$274,000
$350,000
-
$76,000
$274,000
$350,000
