Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    160 Rt202 Montville, NJ 07045

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,200 /Mo

    Recently updated commercial space in Montville's Canal House.

    Lot size:
    1.01 Acres

    Property Features for 160 Rt202

    General Information

    Standard status
    Active
    Lot size
    1.01 Acres

    Building Details

    Year built
    1828

    We can help!

    Listing Contact
    Armene Abbattista
    Source: Corcoran

    Listing Agent: Armene Abbattista

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

    Learn more

    Overview

    Montville Commercial Space For Lease

    Located on the ground floor of the Canal House in Montville, this commercial space is available for lease. The recently updated space features exposed brick walls and running water with a sink. It is zoned B-1 and has a private entrance and parking lot. The property is situated off the main road, close to highway 287, offering great visibility and signage opportunities. Separate utilities are available. The space is suitable for various business ventures, including retail or office use. Immediate occupancy is available.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Montville
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3686
    Latitude
    40.915

    Nearby Similar for Lease

    • Contact for pricing
      2,500 SF

      Prime Montville Medical Office Space

      2,500 SF Medical Office For Lease
      32 Rte 46, Montville, NJ 07058
      View Details
    • $16 SF/Yr
      4,650 SF

      Como Ct Warehouse For Sale

      Single-tenant warehouse, ideal location.
      1 Como Ct, Montville, NJ 07082
      View Details
    • $1,350 /Mo

      Montville Office Suite For Rent

      Professional office suite in desirable Montville location.
      150 River Rd, Montville, NJ 07045
      View Details
    • Contact for pricing
      3,280 SF

      Prime Montville Executive Office Space

      NJ Executive Suites: 900-1800 sq ft available.
      115 Horseneck Rd, Montville, NJ 07045
      View Details
    • $2,000 /Mo

      Commercial Space with Office on Route 202

      Versatile commercial rental featuring office, reception, kitchen, and roll-up door.
      110 Rt202, Montville, NJ 07045
      View Details
    • $1,500 /Mo

      Move-In Ready Office Space

      Second-floor commercial office space with balcony, move-in ready.
      110 Rt 202, Montville, NJ 07045
      View Details
    • Contact for pricing
      1,500 SF

      Montville Office Space For Rent

      1500 SF office space available for rent in Montville.
      64 Us-46, Montville, NJ
      View Details
    • Contact for pricing
      16,878 SF

      Montville Office Space Available

      Office space for rent in Montville, New Jersey.
      340 Changebridge Rd, Montville, NJ 07045
      View Details
    • Contact for pricing
      1,126 SF

      Retail Space in Montville Center

      Neighborhood retail center space available for lease in Montville.
      263 Changebridge Rd, Montville, NJ 07045
      View Details
    • Contact for pricing
      2,924 SF

      Montville Office Space For Rent

      Office space available in Montville, New Jersey.
      43 Us-46, Montville, NJ
      View Details
    • Contact for pricing
      8,757 SF

      Industrial Facility with Highway Frontage

      83,830 SF industrial facility in 82-acre park for rent.
      45 Us-46, Montville, NJ
      View Details
    • Contact for pricing
      2,500 SF

      Montville Warehouse Space Available

      2500 sq ft warehouse space for rent in Montville.
      151 River Rd, Montville, NJ 07045
      View Details

    FAQs

    What type of property is this?
    Office space - Recently updated commercial space in Montville's Canal House.
    Where is this office space located?
    The property is located at 160 Rt202 Montville, NJ.
    What are key features of this property?
    This property features: - Prime commercial location in the famous Canal House.; - Private parking lot.; - Recently updated with charming, rustic features like exposed brick.
    (973) 696-0077
    Request Owner's contact information
    160 Rt202 Montville, NJ 07045
    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.
    160 Rt202
    Montville, NJ 07045
    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
    160 Rt202 Montville, NJ 07045
    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
    Armene Abbattista
    (973) 696-0077
    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.