Add Listing
    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

    2046 Macopin Rd West Milford, NJ 07480

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $269,900

    High-visibility lot suitable for various commercial or residential uses.

    Property Features for 2046 Macopin Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Darcie Hunter
    Source: Corcoran

    Listing Agency: PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY-RIDGEWOOD Listing Agent: Darcie Hunter

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

    Learn more

    Overview

    West Milford Development Opportunity

    The property at 2046 Macopin Road, West Milford, NJ, presents a development opportunity in a high-visibility, mixed-use corridor with accessibility. This fairly level, wooded lot is situated at the junction of Macopin Road and Union Valley Road, with additional frontage along Mickens Road, offering exposure from multiple directions. The property is zoned OT - Transitional Residential/Commercial, allowing for a range of permitted uses including professional offices, medical or dental offices, daycare/childcare facilities, personal services, and other neighborhood-compatible commercial or residential uses. The lot gradually slopes upward from the road to a more level building area, providing flexibility for site planning and development. Its location offers access to Route 23, making it convenient for commuters, clients, and local traffic. It is suitable for investors, developers, or owner-users seeking a versatile property in a well-traveled North Jersey location.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    West Milford
    County
    Passaic
    State
    New Jersey
    Longitude
    -74.3738493
    Latitude
    41.126208

    Nearby Similar for Sale

    • $999,900
      3,750 SF

      Route 23 Commercial Building

      Modern 3,750 SF building on Route 23 for sale.
      1856 State Rt 23, West Milford, NJ 07480
      View Details
    • $625,000
      0.40 Acres

      Renovated Lakefront Ranch in West Milford

      Fully renovated 3-bedroom, 2-bath ranch with lake frontage.
      502 Otterhole Rd, West Milford, NJ 07480
      View Details
    • $579,000

      Renovated Ranch in West Milford

      Move-in ready, renovated ranch with open floor plan.
      9 Adelaide Ter, West Milford, NJ 07480
      View Details
    • $999,900
      3,750 SF

      Route 23 Commercial Building

      Modern 3,750 SF building on Route 23 for sale.
      1856 State Rt 23, West Milford, NJ 07480
      View Details
    • $395,000

      Beacon Hill Specialty Property

      Specialty property available for purchase in West Milford, NJ.
      54 Beacon Hill Rd, West Milford, NJ 07480
      View Details
    • $449,900

      West Milford Specialty Property

      Specialty property available for sale in West Milford, NJ.
      21 Plymouth Aly, West Milford, NJ 07480
      View Details
    • $1,500,000

      Mixed-Use Commercial Property For Sale

      Commercial building with garage bays and residential space.
      7 White Rd, West Milford, NJ 07421
      View Details
    • $279,900

      55+ Community with Many Amenities

      55+ community featuring amenities, activities, and bucolic setting.
      6315 Richmond Rd, West Milford, NJ 07480
      View Details
    • $279,000

      Active 55+ Community Home

      Two-bedroom, two-bath unit in a vibrant 55+ community.
      7308 Richmond Rd, West Milford, NJ 07480
      View Details
    • $269,500

      Active Adult Community Home

      Move-in ready home in a vibrant 55+ community.
      9302 Richmond Rd, West Milford, NJ 07480
      View Details
    • $472,500

      West Milford Specialty Property

      Specialty property available for sale in West Milford, NJ.
      28 Concord A, West Milford, NJ 07480
      View Details
    • $279,500

      Charming 55+ Community Heritage Unit

      Updated 2 bed, 2 bath unit in active adult community.
      2 Richmond Rd, West Milford, NJ 07480
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility lot suitable for various commercial or residential uses.
    Where is this commercial land located?
    The property is located at 2046 Macopin Rd West Milford, NJ.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: - High-visibility location at the junction of Macopin Road and Union Valley Road with frontage on Mickens Road.; - Zoned OT - Transitional Residential/Commercial, permitting a wide range of uses like professional offices, medical/dental, daycare, etc.; - Excellent accessibility and convenient access to Route 23.
    (973) 907-6042
    Request Owner's contact information
    2046 Macopin Rd West Milford, NJ 07480
    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.
    2046 Macopin Rd
    West Milford, NJ 07480
    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
    2046 Macopin Rd West Milford, NJ 07480
    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
    Darcie Hunter
    (973) 907-6042 (973) 962-7007 (201) 639-5555
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!