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Property profile & analytics
OFF-MARKET
Estimated value
$270,000
Commercial real estate
706 Perrineville Rd Millstone Township, NJ 08535-6152
Individually Owned
14-yr Hold
Free & Clear
Property ID
US59-3073868
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1954
Construction
CONCRETE BLOCKS
Total area
3,111 SF
Lot
3.02 ac (131,551 SF)
Zoning code
NC
APN
33 00009-0000-00006
UPID
US59-3073868
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Luis Ordonez · 14 yrs held
Luis Ordonez
since 2012
6 recorded transactions
Zoning & alternative use
NC · Millstone Township, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
NC, NEIGHBORHOOD COMMERCIAL ZONE. [ Ord. No. 96-16 ; Ord. No. 00-04 , § II; Ord. No. 02-11 § I] Purpose: The Neighborhood Commercial zoning district is intended to provide for small-scale, retail and service uses. § 35-5-10.1 Permitted Principal Uses. [ Ord. No. 00-04 , § II; Ord. No. 02-11
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
204.83 ac
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$270k
Range $243k – $297k · ±10%
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
$87 / 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
$5,504
Tax year 2022
Assessed value
$227,800
Assessed 2023
Previous assessed
$227,800
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$157,800
Assessed improvement
$70,000
Land market value
$157,800
Improvement market value
$70,000
Total market value
$227,800
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1954
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
1
Total area
3,111 SF
Lot
3.02 ac (131,551 SF)
Zoning code
NC
APN
33 00009-0000-00006
UPID
US59-3073868
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
NC · Millstone Township, NJZoning NC · permitted uses
NC · Millstone Township, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
NC, NEIGHBORHOOD COMMERCIAL ZONE. [ Ord. No. 96-16 ; Ord. No. 00-04 , § II; Ord. No. 02-11 § I] Purpose: The Neighborhood Commercial zoning district is intended to provide for small-scale, retail and service uses. § 35-5-10.1 Permitted Principal Uses. [ Ord. No. 00-04 , § II; Ord. No. 02-11
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
204.83 ac
Building & site characteristics
From public records
Year built
1954
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Buildings
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Luis Ordonez
Individual
Free & Clear · 14 yrs held
Mailing address
138 S MAIN ST, HIGHTSTOWN, NJ 08520-3443
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2012
$160,000
Luis Ordonez
Bayview Ln Svcg LLC
Grant Deed
—
Jun 9, 2011
—
Bayview Loan Svcng LLC
Golden,shaun
Grant Deed
related
—
Feb 27, 2006
$400,000
Freedom Real Estate LLC
High Point Automotive INC
Grant Deed
$350,000 · Highpoint Automotive INC
Jul 28, 2004
—
High Point Automotive INC
—
Trustees Deed
related
$25,000 · Luis F Ordonez
—
—
Freedom Real Estate LLC
—
Deed Of Trust
related
$250,000 · Michael Grizzaffi
—
—
Freedom Real Estate LLC
—
Deed Of Trust
related
$660,000 · Interbay Funding LLC
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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