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    Property profile & analytics

    88 Main St Milltown, NJ 08850-1820

    • Commercial real estate
    • 0.46 lot acres
    OFF-MARKET
    Value Estimation
    $700,000
    Last Sale
    May 30, 2023
    $600,000
    Location Intelligence
    Property ID
    US59-1166503
    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.

    Current Use by Public Records

    • South Side Automotive / Car Repair And Maintenance Service
    • Joe Service Center 2 / Auto Repair Shop

    Property Details for 88 Main St

    Construction
    CONCRETE BLOCKS
    Lot size
    0.46 lot acres
    Zone code
    B1
    Property type
    Commercial real estate
    APN
    11 00087-0000-00003
    APU
    1100087000000003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $690,000

    • CAP approach

      CAP return
      Estimation
      6%
      $690,000
      6.5%
      $670,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $750,000
      Geo Method
      $750,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $640,000
      Retail
      $700,000
      Mixed-Use
      $710,000
      Hospitality
      $725,000
      Educational
      $625,000
      Residential Income
      $545,000
      Energy
      $720,000
      Income-Based Land
      $700,000
      Food Service
      $575,000

    Location Insight

    • Map
    • Local Demand
    City
    Milltown
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4346
    Latitude
    40.4486
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA 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
    $21,790
    $197,300
    $132,800
    $330,100
    -
    $197,300
    $132,800
    $330,100

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      Main St

      Commercial real estate • 0.17 Acres
      Main St, Milltown, NJ 08850
      View Details
    • Value Estimation
      $190,000
      1,396 SF

      214 Main St

      COMMERCIAL (GENERAL) • 1,396 SF
      214 Main St, Milltown, NJ 08850-1828
      View Details
    • Value Estimation
      $360,000
      1,745 SF

      70 Frd Ave

      COMMERCIAL (GENERAL) • 1,745 SF
      70 Frd Ave, Milltown, NJ 08850-1534
      View Details
    • Value Estimation
      $350,000
      2,065 SF

      28 Main St

      COMMERCIAL (GENERAL) • 2,065 SF
      28 Main St, Milltown, NJ 08850-1583
      View Details
    • Value Estimation
      $265,000
      1,724 SF

      173 Main St

      COMMERCIAL (GENERAL) • 1,724 SF
      173 Main St, Milltown, NJ 08850-1417
      View Details
    • Value Estimation
      $475,000
      2,400 SF

      114 Ryders Ln

      COMMERCIAL (GENERAL) • 2,400 SF
      114 Ryders Ln, Milltown, NJ 08850-1329
      View Details

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    88 Main St
    Milltown, NJ 08850-1820
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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