Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9 Horizon Dr Denville, NJ 07834

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $650,000

    17.46 acre land site suited for development.

    Lot size:
    17.46 Acres

    Property Features for 9 Horizon Dr

    General Information

    Lot size
    17.46 Acres

    We can help!

    Listing Contact
    Alessandro Alex Conte
    Source: Moodyscre

    Listing Agent: Alessandro Alex Conte

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

    Learn more

    Overview

    Residential Land Site For Sale

    This is a 17.46-acre land site suitable for development. Water, sewer, gas, and electric connections are available at the street. A conceptual lot subdivision suggests the potential for four or five lots. The property is zoned R-1B, which requires a minimum of two acres per residential lot. New construction homes are located across the street. The site borders Randolph and Morris Plains and is located within 2 miles of Route 10 shopping and amenities.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Denville
    County
    Morris
    State
    New Jersey
    Longitude
    -74.5149939
    Latitude
    40.8560488

    Nearby Similar for Sale

    • $1,250,000
      3,000 SF

      Professional Office Building For Sale

      State-of-the-art office building ideal for professional practices.
      21 Orchard St, Denville, NJ 07834
      View Details
    • $275,000

      Denville One-Bedroom Condo For Sale

      First-floor condo near downtown Denville with spacious layout.
      19 Savage Rd, Denville, NJ 07834
      View Details
    • Contact for pricing
      119,250 SF

      Denville Warehouse Space Available

      119,250 SF warehouse space with convenient highway access.
      20 Dock Rd, Denville, NJ
      View Details
    • $375,000

      Morris County Office Condo

      Office condo in Pocono Park, across from St Clare's.
      16 Pocono Rd, Denville, NJ 07834
      View Details
    • $2,500,000
      10,000 SF

      Denville Office Building For Sale

      10,000 SF office building in the heart of Denville, NJ.
      9 Mount Pleasant Tpke, Denville, NJ 07834
      View Details
    • $175,000

      Two-Room Office Condo For Sale

      Office condo with private bath, reception area, and storage.
      124 E Main St, Denville, NJ 07834
      View Details
    • $475,000

      Denville Township Specialty Property

      Specialty property available for sale in Denville Township, NJ.
      901 Hawley Ct, Denville, NJ 07834
      View Details
    • Contact for pricing
      0.92 Acres

      Prime Denville Commercial Lot

      0.92-acre lot, $3500/month. Ideal for your business.
      3118 Route10, Denville, NJ 07834
      View Details
    • Contact for pricing
      4.30 Acres

      Prime Denville Medical Office Space

      First-floor office, Route 10 access.
      3175 Rte 10, Denville, NJ 07834
      View Details
    • Contact for pricing
      4.30 Acres

      Denville Office Space - Route 10

      Prime Office Space, NNN Lease, Great Location
      3175 Rte 10, Denville, NJ 07834
      View Details
    • Contact for pricing
      10,000 SF

      Denville Medical Office Building

      10,000 SF Medical Office, 50% Occupied
      9 Mount Pleasant Tpke, Denville, NJ 07834
      View Details

    FAQs

    What type of property is this?
    Land - 17.46 acre land site suited for development.
    Where is this land located?
    The property is located at 9 Horizon Dr Denville, NJ.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - ±17.46 Acres Land Site Suited for Development; - Conceptual Lot Subdivision with Four/Five Lot Potential; - R-1B Zoning - Two Acre Residential Lot Minimum
    (973) 379-6644
    Request Owner's contact information
    9 Horizon Dr Denville, NJ 07834
    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.
    9 Horizon Dr
    Denville, NJ 07834
    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
    9 Horizon Dr Denville, NJ 07834
    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

    We can help!
    Listing Contact
    Alessandro Alex Conte
    Real Estate License ID: 0341793
    (973) 379-6644
    Learn more
    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.