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    300 Myrtle Ave Boonton, NJ 07005

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    For Sale
    Contact for pricing

    70,423 NRSF self-storage facility in Morris County, New Jersey.

    Property size:
    100,000 SF

    Property Features for 300 Myrtle Ave

    General Information

    Size
    100,000 SF

    Source: William Sitar Jr. Agent William Sitar Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Institutional Quality Self-Storage Opportunity

    This is a +70,423 NRSF institutional quality self-storage investment opportunity located immediately off Exit 44 of I-287. Opened in September 2023, the multi-story, climate-controlled facility features a gross building size of +100,000 SF. The property includes an oversized drive-in door for loading and unloading, 2 freight elevators, and a total of 726 units, along with approximately 18 parking spaces. It benefits from great visibility right off the exit on Interstate 287 in an undersupplied market with favorable demographics in affluent Morris County, New Jersey.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Boonton
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4015312
    Latitude
    40.9063983

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    FAQs

    What type of property is this?
    Self storage facility - 70,423 NRSF self-storage facility in Morris County, New Jersey.
    Where is this self storage facility located?
    The property is located at 300 Myrtle Ave Boonton, NJ.
    What are key features of this property?
    This property features: - Institutional quality self-storage investment opportunity in affluent Morris County, New Jersey.; - Located with great visibility immediately off Exit 44 of I-287.; - Undersupplied market with great demographics.
    (973) 202-9119
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    300 Myrtle Ave Boonton, NJ 07005
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    Boonton, NJ 07005
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    Realmo Value Estimation

    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.

    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.

    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
    300 Myrtle Ave Boonton, NJ 07005
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