Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    230 Rte 206 south Flanders, NJ 07836

    Sponsored
    For Lease
    $1,245 /Mo ($4 SF/Yr)

    Commercial - Mount Olive Twp., NJ

    Property size:
    3,058 SF
    Lot size:
    1.11 Acres
    Days on Market:
    31
    Last Refresh:
    Feb 4 at 7:06 am

    Property Features for 230 Rte 206 south

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    commercial
    Parking features
    Parking Lot
    Size
    3,058 SF
    Lot size
    1.11 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Ductless

    Building Details

    Year built
    2001
    Floors in Building
    1
    Number of units
    1
    Building materials
    Concrete
    Roof type
    Flat
    Architectural style
    Other

    We can help!

    Listing Contact
    CINDY GRAHAM

    RE/MAX Heritage Properties (908) 433-9297

    Listing agent CINDY GRAHAM (908) 433-9297

    Listing date Jan 5, 2026

    MLS# 3986495 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Mount Olive Office/Shop Space

    This commercial space in Mount Olive Twp., NJ, offers 650 square feet of flexible space suitable for a variety of uses. Previously used as a light industrial shop, the space can be converted into office space with room for storage or light shipping operations. The property features a private exterior entrance on the right side of the building. Ample parking is available for employees and visitors. Shared restrooms are conveniently accessible through the building's main front entrance. The landlord will install flooring for a 2-year lease. The property is situated on a 1.11-acre lot. The building has a total size of 3058 square feet. It is perfect for small businesses, creative studios, or service providers looking for a functional and affordable space with convenient access. The property is zoned for commercial use.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Flanders
    County
    Morris
    State
    New Jersey
    Longitude
    -74.708090873408
    Latitude
    40.842224758978

    Nearby Similar for Lease

    • $599 /Mo
      15,000 SF

      New Private Office Space Available

      Ground floor office with new amenities, easy highway access.
      230 Route206Cd04, Flanders, NJ 07836
      View Details
    • Contact for pricing
      2,200 SF

      Divisible Office Space on Route 206

      Divisible office space in Roxbury Township with high visibility.
      195 Us Hwy, Flanders, NJ
      View Details
    • Contact for pricing
      2,493 SF

      Retail Space Near Route 80

      Retail spaces available in neighborhood center anchored by Weis Supermarket.
      293 Us - 206 Mt, Flanders, NJ
      View Details
    • Contact for pricing
      1,578 SF

      Retail Space in Neighborhood Center

      Retail spaces available in a neighborhood center anchored by Weis.
      293 Us-206, Flanders, NJ
      View Details
    • Contact for pricing
      4,738 SF

      Retail Space in Flanders

      Retail space available for lease in Flanders, New Jersey.
      30 International Dr S, Flanders, NJ 07828
      View Details
    • $24 SF/Yr

      Mount Olive Township Property

      Property for rent in Mount Olive Township, New Jersey.
      230 Rte, Flanders, NJ 07836
      View Details
    • $3,000 /Mo

      Mount Olive Specialty Property

      Specialty property available for rent in Mount Olive.
      264 Rte, Flanders, NJ 07836
      View Details

    FAQs

    What type of property is this?
    Office space - Versatile 650 sq ft space suitable for office or shop.
    Where is this office space located?
    The property is located at 230 Rte 206 south Flanders, NJ.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Versatile 650 sq ft space suitable for office, shop, or light industrial use.; - Private exterior entrance.; - Landlord will install flooring for a 2-year lease.
    (201) 841-4747
    Request Owner's contact information
    230 Rte 206 south Flanders, NJ 07836
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    230 Rte 206 south
    Flanders, NJ 07836
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    230 Rte 206 south Flanders, NJ 07836
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    CINDY GRAHAM
    Real Estate License ID: 1223903
    (201) 841-4747
    Learn more
    Google sign-in failed. Please try again or use another login method.