Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    195 Rte Ledgewood, NJ 07803

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 195 Rte

    Property type
    Office Properties & Spaces

    Description

    This exceptional office building, located at 195 Route 46 in Ledgewood, New Jersey, presents a compelling investment opportunity. Priced at $219,000, the property offers significant potential for growth and return. While the exact square footage is not currently specified, the building is situated on a zero-acre lot, suggesting a compact and efficient design. Its prime location on Route 46 ensures high visibility and accessibility, making it an ideal choice for a variety of businesses. The property's classification as an "Office" building indicates its suitability for professional use, potentially catering to a range of office-based enterprises. The absence of additional descriptive information necessitates further due diligence to fully assess the building's internal layout, amenities, and overall condition. Interested parties are encouraged to conduct a thorough inspection to determine the property's suitability for their specific needs and investment goals. This property represents a rare chance to acquire a strategically located office building in a thriving New Jersey market. The asking price reflects a competitive market value, making this an attractive proposition for discerning investors seeking a strong return on their investment. Further details regarding the property's specifications are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Ledgewood
    County
    Morris
    State
    New Jersey
    Longitude
    -74.6944
    Latitude
    40.8951

    Comparable in this City

    • Value Estimation
      $305,000
      0.04 Acres

      195 Rt 46

      CONDOMINIUM OFFICES • 0.04 Acres
      195 Rt 46, Mine Hill, NJ 07803
      View Details
    • Value Estimation
      $300,000
      0.02 Acres

      195 Rt 46

      CONDOMINIUM OFFICES • 0.02 Acres
      195 Rt 46, Mine Hill, NJ 07803
      View Details
    • Value Estimation
      $305,000
      0.04 Acres

      195 Rt 46

      CONDOMINIUM OFFICES • 0.04 Acres
      195 Rt 46, Mine Hill, NJ 07803
      View Details
    • Value Estimation
      $330,000
      1,827 SF

      195 Rt 46

      CONDOMINIUM OFFICES • 1,827 SF
      195 Rt 46, Mine Hill, NJ 07803
      View Details
    • Value Estimation
      $325,000
      1,500 SF

      195 Rt 46

      CONDOMINIUM OFFICES • 1,500 SF
      195 Rt 46, Mine Hill, NJ 07803
      View Details
    • Value Estimation
      $320,000
      0.04 Acres

      195 Rt 46

      CONDOMINIUM OFFICES • 0.04 Acres
      195 Rt 46, Mine Hill, NJ 07803
      View Details

    Similar Nearby for Sale

    • $200,000
      1.00 Acre

      Land For Sale, Mine Hill

      One acre of land available in Mine Hill Township, NJ.
      42 5Th Ave, Mine Hill, NJ 07803
      View Details
    • Contact for pricing
      0.47 Acres

      Route 46 Ledgewood Commercial Space

      High-visibility storefront, highway location. Great potential!
      171 Route46, Ledgewood, NJ 07803
      View Details
    • Contact for pricing
      0.47 Acres

      Route 46 Ledgewood Commercial Space

      High-visibility storefront, excellent location.
      171 Route46, Ledgewood, NJ 07803
      View Details
    • $200,000

      Approved Building Lot Available

      Building lot for a dream home, close to highways.
      5Th Ave, Mine Hill, NJ 07803
      View Details
    • $159,000
      3.30 Acres

      Land Parcel in Mine Hill

      Undeveloped land perfect for building a custom dream home.
      Mine Hill, NJ 07803
      View Details
    • $199,900

      Land For Sale, Mine Hill

      Land available in Mine Hill Twp., Morris County, New Jersey.
      42 5Th Ave, Mine Hill, NJ 07803
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo

      Medical Office Space Available

      Second-floor medical office space with waiting room, exam rooms, and more.
      195 Rt46, Mine Hill, NJ 07803
      View Details
    • $1,400 /Mo
      21,780 SF

      Renovated Retail Space on Route

      Newly renovated retail space in prime location on Route 46.
      173 Rt46, Mine Hill, NJ 07803
      View Details
    • Contact for pricing
      393,335 SF

      LEED Certified Distribution Facility

      Class-A distribution facility in Northern NJ, divisible from 100,000 SF.
      128 Iron Mountain Rd, Mine Hill, NJ 07803
      View Details
    • $2,650 /Mo

      Renovated Duplex Apartment For Rent

      Recently renovated 3-bedroom, 2-bathroom duplex apartment in prime location.
      173 Rt46, Mine Hill, NJ 07803
      View Details
    • $1,050 /Mo
      20,473 SF

      Route 46 Storefront Available

      Storefront on Route 46 with great visibility in Mine Hill.
      171 Route46, Mine Hill, NJ 07803
      View Details
    • Contact for pricing
      7,753 SF

      Mine Hill Industrial Space Available

      Column-free industrial unit in Mine Hill, New Jersey.
      102 Iron Mountain Rd, Mine Hill, NJ 07803
      View Details
    Request Owner's contact information
    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.
    195 Rte
    Ledgewood, NJ 07803
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.