Two-Level Office
For Sale
$449,000
115 Us Highway 46 #D29/D, Mountain Lakes, NJ 07046
The suite is leased and includes private offices, open workspace, and a conference room.
Property Size2,526 SF
Price / SF$177.75
Days on Market214
Property Features for 115 Us Highway 46 #D29/D
General Information
Standard status
Active
Size
2,526 SF
Property subtype
Commercial
Zoning
OL-2
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
2,526 SF
Year Built
1987
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Keller Williams - Nj Metro Group
(973) 783-7400
Listed By:
Cheryl Darmanin · License #111786,NEWJERSEY
(973) 783-4000
Source:
Cammarotarealestate
Added: Mar 24
Changed: Oct 22
Last Checked: Oct 22 at 2:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams - Nj Metro Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium is arranged across two levels, with an internal staircase connecting the floors. The main level includes a reception area, private offices, and open workspace; the upper level adds office space and a conference room. The property was built in 1987 and is zoned OL-2. A tenant currently occupies the suite, and shared parking is available within the business park.
The property is located along Route 46, with access to I-80, I-287, and I-280.
The property is located along Route 46, with access to I-80, I-287, and I-280.
Key Highlights
- Currently leased to a tenant
- Two‑level layout with internal staircase
- Private offices, reception area, open workspace, and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,648
Cap Rate
8.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,960
$773.0K
Cap Rate 7%
$552,114
$552.1K
Cap Rate 9%
$429,422
$429.4K
Market Conditions
NOI Build-Up for 2,526 SF
Gross rent
$75.8K $30.00/SF
− Vacancy
−$24.2K −$9.60/SF
EGI
$51.5K $20.40/SF
− OpEx
−$12.9K −$5.10/SF
NOI
$38.6K $15.30/SF
Area
Morris County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,960
Cap Rate 7%
$552,114
Cap Rate 9%
$429,422
Alternative Uses
Best Use
Office B
$552.1K
$483.1K – $644.1K
NOI $38,648 @ 7.0% cap · market cap 8.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$659.6K
$577.1K – $769.5K
NOI $46,171 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
745
Businesses Nearby
Explore this area
Business Placement
Demographics for 07046, NJ
4,508
Population
1,451
Households
3.1
Avg Household Size
41
Median Age
84%
College-Educated
98%
High-School Grad
2.7 sq mi
ZIP Area
1,670
Density / Sq Mi
$250,001
Median Household Income
$127,604
Median Earnings
$2,941
Median Rent
$915,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite is leased and includes private offices, open workspace, and a conference room.
Where is this office unit located?
The property is located at 115 Us Highway 46 #D29/D Mountain Lakes, NJ.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Currently leased to a tenant; Two‑level layout with internal staircase; Private offices, reception area, open workspace, and conference room
