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    115 D28 Mountain Lakes, NJ 07046

    Sponsored
    For Sale
    $230,000

    1,234 SF Medical/Office, Vacant, $230K

    Property size:
    1,234 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,234 square foot office suite, located at 115 Route 46 D28 in Mountain Lakes, New Jersey, presents a compelling investment opportunity. Currently vacant and offered for sale at $230,000 ($186.39/SF), this Class B property is perfect for owner-users. Situated on a 0.028-acre lot, the single-unit space boasts four separate offices, a well-appointed kitchenette, and a private restroom. High-quality finishes and ample natural light create a professional atmosphere ideal for a variety of businesses, including medical practices, financial services, legal firms, or consulting groups. The building is meticulously maintained and professionally managed, ensuring a consistently excellent environment. Its prime location offers easy access to major highways, public transportation, and local amenities, with convenient access from Route 46. The modified lease structure provides flexibility for the new owner. This is a turnkey opportunity to acquire a well-located, functional office space in a thriving New Jersey community. The property is in Morris County, zip code 07046.

    Property Features for 115 D28

    General Information

    Property type
    Medical offices
    Square Feet
    1,234 SF
    Class
    B
    Lot Size
    1,220 SF

    Building Details

    Units
    1

    HighLights

    • $230,000 asking price for a 1,234 sq ft office suite.
    • Class B, vacant, single‑tenant medical/traditional office space.
    • Modified lease terms; For Sale By Owner.
    • Located at 115 Route 46 D28, Mountain Lakes, NJ 07046, on a 0.028‑acre lot.
    • $186.39/sq ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Mountain Lakes
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4419799
    Latitude
    40.8780851

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    FAQs

    What type of property is this?
    Medical office - 1,234 SF Medical/Office, Vacant, $230K
    Where is this medical office located?
    The property is located at 115 D28 Mountain Lakes, NJ.
    What is the asking price?
    The asking price for this property is $230,000.
    What are key features of this property?
    This property features: $230,000 asking price for a 1,234 sq ft office suite.; Class B, vacant, single-tenant medical/traditional office space.; Modified lease terms; For Sale By Owner.
    Request Owner's contact information
    115 D28 Mountain Lakes, NJ 07046
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    Mountain Lakes, NJ 07046
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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
    115 D28 Mountain Lakes, NJ 07046
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