Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Land on Route 46 Title is generated by Realmo AI

    212 Route 46, Budd Lake, NJ 07828

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $100,000

    1.34-acre parcel with high visibility and frontage on Route 46.

    Type:Land or Vacant Lot
    Lot size:
    1.34 Acres
    Added:
    Jun 17, 2025
    Days on Market:
    339
    Last Refresh:
    Apr 5 at 8:46 pm

    Property Features for 212 Route 46

    General Information

    Standard status
    Active
    Lot size
    1.34 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    ANDREW SABELLA

    Listing agent ANDREW SABELLA License #1112080

    Listing office ADDISON REAL ESTATE

    Listing date Jun 17, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of ADDISON REAL ESTATE

    HighLights

    • 1.34‑acre parcel with PB (Planned Business) zoning offers opportunity for development.
    • High visibility and frontage on US Route 46.
    • Located in the heart of Budd Lake, Mount Olive Township.
    • Easy access to I‑80 and Route 206.
    • Versatile range of permitted uses under PB zoning.

    Overview

    This 1.34-acre parcel is located in Mount Olive Township and is zoned PB. The property offers high visibility and frontage along US Route 46 in Budd Lake. It provides convenient access to I-80 and Route 206, as well as community centers. The property allows for a versatile range of permitted uses. Prospective buyers are advised to conduct due diligence regarding variances and setbacks.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Nail Salon Hotel & Motel Gym & Fitness Center Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Budd Lake
    County
    Morris
    State
    New Jersey
    Longitude
    -74.7506
    Latitude
    40.8835

    Nearby Similar for Sale

    • $220,000
      9,100 SF

      Versatile Office Condo on Route 46

      Commercial condo with high visibility, customizable space, and ample parking.
      354 Route46, Mount Olive Twp., NJ 07828-3201
      View Details
    • $450,000
      9,100 SF

      Commercial Condo and Land Opportunity

      Commercial condo with development rights in Morris County, New Jersey.
      354 Route46, Mount Olive Twp., NJ 07828-3201
      View Details
    • $1,600,000
      11,000 SF

      Medical Office Corner Suite

      Corner suite ideal for medical professionals, available immediately.
      125 US Highway 46, Budd Lake, NJ
      View Details
    • $200,000

      Land Available in Mount Olive

      Land for sale, buyer responsible for due diligence.
      25 Budd Ave, Mount Olive Twp., NJ 07828
      View Details

    FAQs

    What type of property is this?
    Land - 1.34-acre parcel with high visibility and frontage on Route 46.
    Where is this land located?
    The property is located at 212 Route 46 Budd Lake, NJ.
    What is the asking price?
    The asking price for this property is $100,000.
    What are key features of this property?
    This property features: 1.34‑acre parcel with PB (Planned Business) zoning offers opportunity for development.; High visibility and frontage on US Route 46.; Located in the heart of Budd Lake, Mount Olive Township.
    (862) 251-4915
    We can help!
    Listing Contact
    ANDREW SABELLA
    Real Estate License ID: 1112080
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    212 Route 46, Mount Olive Twp., NJ 07828
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!