Mountain Lakes Office
115 Us Highway 46, Mountain Lakes, NJ 07046
Commercial - Mountain Lakes Boro, NJ
Property size:
2,542 SFLot size:
0.06 AcresPrice / SF:
$176/SF- Added:
- Mar 24, 2026
- Days on Market:
- 70
- Last Refresh:
- Jun 1 at 7:06 am
Property Features for 115 Us Highway 46
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- OL-2
- Parking features
- Parking Lot
- Standard status
- Active
- Size
- 2,542 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10242
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1987
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Block, Brick, Glass
- Roof type
- Asphalt, Shingle
- Architectural style
- Other
Listing agent CHERYL DARMANIN (973) 783-7400
Listing office KELLER WILLIAMS - NJ METRO GROUP 237 LORRAINE AVE, Montclair, NJ (973) 783-7400
Listing date Mar 24, 2026
MLS# 4016335
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.
HighLights
- Immediate income from existing tenant, ideal for investors.
- Excellent regional connectivity with easy access to Route 46, Interstate 80, Interstate 287, and Interstate 280.
- Approximately 2,542 square feet of office space across two levels.
- Flexible and functional layout with multiple private offices, reception area, open workspace, and conference room.
- Located in the well‑established Mountain Lakes Business Park.
- Abundant natural light and ample shared parking.
Overview
Available for sale is a professional office condominium located in the Mountain Lakes Business Park at 115 Route 46 in Mountain Lakes, NJ. Units D29 and D30 provide approximately 2,542 square feet of office space on two levels, featuring a flexible and functional layout. The main level includes multiple private offices, a reception area, and an open workspace. An internal staircase leads to the upper level, which features additional office space and a conference room. The property is currently leased, providing immediate income for investors. The suite benefits from abundant natural light and access to ample shared parking. The property is zoned OL-2. The lot size is 0.06 acres. The location along Route 46 provides convenient access to Interstate 80, Interstate 287, and Interstate 280, offering regional connectivity throughout Morris County and Northern New Jersey.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.3k | $30.00 |
| − Vacancy | −$24.4k | −$9.60 |
| EGI | $51.9k | $20.40 |
| − OpEx | −$13.0k | −$5.10 |
| NOI | $38.9k | $15.30 |
2,542 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$555.6K
$486.2K – $648.2K
NOI $38,893 @ 7.0% cap · market cap 8.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,464 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Peter Dabrowski MD
Pediatrician
Location Insight
- Map
- Local Demand
- City
- Mountain Lakes
- County
- Morris
- State
- New Jersey
- Longitude
- -74.442169
- Latitude
- 40.877138
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Professional office space in Mountain Lakes Business Park.
Where is this office units located?
The property is located at 115 Us Highway 46 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: Immediate income from existing tenant, ideal for investors.; Excellent regional connectivity with easy access to Route 46, Interstate 80, Interstate 287, and Interstate 280.; Approximately 2,542 square feet of office space across two levels.
