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Property profile & analytics
OFF-MARKET
Estimated value
$8,375,000
Industrial properties
92 Reese Rd Millville, NJ 08332-6228
Entity Owned
5-yr Hold
Free & Clear
Property ID
US59-3056064
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2004
Construction
METAL FRAME
Lot
23.4 ac (1,019,304 SF)
Zoning code
RC
APN
10 00580-0000-00009
UPID
US59-3056064
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
-
Regal Industrial Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.48M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.38M
Owner & transaction history
Regal E Rlty Grp LLC · 5 yrs held
Regal E Rlty Grp LLC
since 2021
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
RC · Millville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
keshore Mixed Use District (LMU). § 30-117.10 Downtown Commercial District (DC). § 30-117.11 Neighborhood Commercial District (NC). § 30-117.12 Highway Commercial District (HC). § 30-117.13 Regional Commercial District (RC). § 30-117.14 Airport Enterprise District (AE). § 30-117.15 Business Enterprise District (BE). § 30-117.16 Motorsports Enterprise Distric…
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
307.12 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 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
by Request
ML approach
$8,480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.38M
Range $7.54M – $9.21M · ±10% · vs last sale $8.32M (Jun 1 2021)
Last sale anchor
$8.32M
Jun 1 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
—
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
$132,075
Tax year 2022
Assessed value
$3,483,900
Assessed 2023
Previous assessed
$3,483,900
+0.0% YoY
Effective rate
3.79%
On assessed value
Assessed land
$247,000
Assessed improvement
$3,236,900
Land market value
$247,000
Improvement market value
$3,236,900
Total market value
$3,483,900
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
2004
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
23.4 ac (1,019,304 SF)
Zoning code
RC
APN
10 00580-0000-00009
UPID
US59-3056064
Jurisdiction
CUMBERLAND
Zoning & alternative use
RC · Millville, NJZoning RC · permitted uses
RC · Millville, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
keshore Mixed Use District (LMU). § 30-117.10 Downtown Commercial District (DC). § 30-117.11 Neighborhood Commercial District (NC). § 30-117.12 Highway Commercial District (HC). § 30-117.13 Regional Commercial District (RC). § 30-117.14 Airport Enterprise District (AE). § 30-117.15 Business Enterprise District (BE). § 30-117.16 Motorsports Enterprise District (ME). § 30-117.17 Farmland Production District (FP). § 30-117.18 Open Space Dist
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
307.12 ac
Building & site characteristics
From public records
Year built
2004
Construction
METAL FRAME
Heating
NONE
Stories
1
Units
1
Lot
23.4 ac
Current owner
From public records · entity-resolved
Regal E Rlty Grp LLC
Entity
Free & Clear · 5 yrs held
Mailing address
92 REESE RDB, MILLVILLE, NJ 08332-6228
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
36 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
—
Regal E Rlty Grp LLC
—
Deed
related
$250,000 · Somerset Trust Company
Apr 8, 2022
—
Regal E Rlty Grp LLC
—
Deed
related
$4,049,000 · Trenton Business Assistance Corporation
Jun 1, 2021
$8,321,500
Regal E Rlty Grp LLC
Superior Ventures LLC
Deed
—
Sep 4, 2019
—
Superior Ventures LLC
—
Grant Deed
related
$1,500,000 · Td Bk NA
Dec 3, 2018
—
Superior Ventures LLC
Superior Ventures LLC
Quit Claim Deed
$9,500,000 · Td Bank NA
Jan 10, 2018
—
Superior Ventures LLC
—
Loan Modification
related
$5,200,000 · M&t Bk
Jun 15, 2012
$55,000
Northeast Precast
Dera,bernard
Grant Deed
—
Mar 26, 2012
—
Superior Ventures LLC
—
Deed Of Trust
related
$2,457,722 · Susquehanna Bank
Jun 11, 2003
$158,000
Superior Ventures LLC
City Of Millville
Grant Deed
—
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$444,912 · Minotola Nat'l Bk
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$95,000 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$1,327,405 · Colonial Bank
—
—
Superior Ventures LLC
—
Loan Modification
related
$2,520,099 · Susquehanna Bk
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$1,250,000 · Susquehanna Bk
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$750,000 · Susquehanna Bk Dv
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$148,304 · Minotola Nat'l Bk
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$534,000 · Minotola Nat'l Bk
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$95,000 · Colonial Bank
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$681,000 · Minotola Nat'l Bk
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$250,266 · Minotola Nat'l Bk
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$2,600,000 · Susquehanna Bk
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$95,000 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$95,000 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$95,000 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$1,327,405 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$1,327,405 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$95,000 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$95,000 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$611,747 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$95,000 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$95,000 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$611,747 · Colonial Bank
—
—
Hsd Developers LLC
—
Deed Of Trust
related
$611,747 · Colonial Bank
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$2,375,000 · M&t Bk
—
—
Superior Ventures LLC
—
Deed Of Trust
related
$4,450,000 · M&t Bk
—
—
Superior Ventures LLC
—
Loan Modification
related
$3,125,000 · M&t Bk
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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