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    264 Route 206 Flanders, NJ 07836

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    Claim this Listing
    For Lease
    $3,000 /Mo

    Commercial - Mount Olive Twp., NJ

    Property size:
    5,736 SF
    Lot size:
    0.67 Acres
    Added:
    Jun 17, 2025
    Days on Market:
    304
    Last Refresh:
    Apr 16 at 11:06 am

    Property Features for 264 Route 206

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot
    Standard status
    Active
    Size
    5,736 SF
    Lot size
    0.67 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6824

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Floors in Building
    2
    Flooring type
    Laminate, Wood
    Building materials
    Block, Brick
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    ALEXIS PETERSON

    Listing agent ALEXIS PETERSON

    Listing office EXP REALTY, LLC 28 VALLEY ROAD, Montclair, NJ

    Listing date Jun 17, 2025

    MLS# 3970000 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.

    Overview

    Versatile Commercial Space Available

    A 2,000 square foot commercial space is available for lease on the second floor of a commercial property. The location offers foot traffic and layout options suitable for professional and retail uses. Other tenants include Alien Ink Tattoos, Innovative Fitness Training, and 3D Nails. The unit has a private entrance with stair access and its own lavatory. Signage opportunities are available. Utilities are separately metered. Ample shared parking is available on-site for clients and staff. The property is located in Mount Olive Twp., NJ, and the lot size is 0.67 acres. The property size is 5,736 square feet. The space is suited for a beauty bar (hair salon, spa, etc.) or medical or health-related services (massage, acupuncture, etc.).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Nail Salon Hotel & Motel Gym & Fitness Center Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Flanders
    County
    Morris
    State
    New Jersey
    Longitude
    -74.709779
    Latitude
    40.8365332

    Nearby Similar for Lease

    • Contact for pricing

      Mount Olive Office Space

      Versatile 650 sq ft office space with private entrance.
      230 Route 206 South, Mount Olive Twp., NJ 07836-9119
      View Details
    • Contact for pricing

      New Private Office Space Available

      Ground floor office with new amenities, easy highway access.
      230 Route206Cd04, Mount Olive Twp., NJ 07836
      View Details
    • Contact for pricing

      High-Traffic Retail Center Opportunity

      Retail spaces available in a high-traffic shopping center.
      10 International Dr S, Mt Olive, NJ 07836
      View Details
    • Contact for pricing

      Retail Space in Flanders

      Retail space available for lease in Flanders, New Jersey.
      30 International Dr S, Flanders, NJ
      View Details
    • Contact for pricing

      Retail Pad Site Opportunity

      Retail pad site with high traffic and major retailer access.
      61 International Dr S, Mt Olive, NJ 07836
      View Details

    FAQs

    What type of property is this?
    Retail space - 2,000 sq ft commercial space for lease.
    Where is this retail space located?
    The property is located at 264 Route 206 Flanders, NJ.
    What is the lease rate?
    The lease rate is $3,000 /Mo.
    What are key features of this property?
    This property features: Prime 2,000 sq ft commercial space.; High‑traffic location on the second floor above an established nail salon.; Ample shared on‑site parking for clients and staff.
    (973) 726-5700
    We can help!
    Listing Contact
    ALEXIS PETERSON
    Learn More
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    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
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