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    100 Us Highway 46 Mount Olive, NJ 07828

    • Neighborhood centers
    • 74,000 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 100 Us Highway 46

    Property size
    74,000 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    Village Green Shopping Center, located at 100 US-46 in Mt. Olive, NJ (zip code 07828), offers exceptional retail, executive office, and medical office space in Morris County. This multi-tenant property boasts a total of 74,000 square feet, providing ample opportunity for businesses of various sizes. The center currently has 7,739 square feet of vacant space available, with minimum divisible units starting at 1,909 square feet and a maximum contiguous space of 5,830 square feet. This flexibility allows for businesses to find a space that perfectly suits their needs. The property is conveniently situated along US-46, ensuring high visibility and accessibility for customers and employees. Ample parking is available with 475 spaces provided for tenants and visitors. The property's diverse suite of options includes space suitable for restaurants, strip centers, executive offices, and medical practices. This prime location in a thriving area of Morris County presents a unique opportunity for businesses seeking a well-established and highly visible location. Contact us today to learn more about the available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Olive
    County
    Morris
    State
    New Jersey
    Longitude
    -74.7256
    Latitude
    40.8874

    Comparable in this City

    • Value Estimation by Request

      98 Us-46

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      98 Us-46, Mount Olive, NJ 07828
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    • Value Estimation
      $490,000
      4,400 SF

      3 Netcong Rd

      REGIONAL SHOPPING CENTER, MALL • 4,400 SF
      3 Netcong Rd, Budd Lake, NJ 07828-2149
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    • Value Estimation
      $740,000
      19,748 SF

      371-375 Rte 46

      REGIONAL SHOPPING CENTER, MALL • 19,748 SF
      371-375 Rte 46, Budd Lake, NJ 07828
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    • Value Estimation
      $885,000
      3,158 SF

      331 Rte 46

      BAR, TAVERN • 3,158 SF
      331 Rte 46, Budd Lake, NJ 07828
      View Details
    • Value Estimation
      $570,000
      5.14 Acres

      51-53 International S Dr, Unit 53

      RESTAURANT • 5.14 Acres
      51-53 International S Dr, Budd Lake, NJ 07828-4400
      View Details
    • Value Estimation
      $445,000
      8,755 SF

      3 Mt Olive Rd

      RESTAURANT • 8,755 SF
      3 Mt Olive Rd, Budd Lake, NJ 07828-3005
      View Details

    Similar Nearby for Sale

    • $1,600,000
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      Medical Office Corner Suite

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      Commercial Condo and Land Opportunity

      Commercial condo with development rights in Morris County, New Jersey.
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      Versatile Office Condo on Route 46

      Commercial condo with high visibility, customizable space, and ample parking.
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      Land Available in Mount Olive

      Land for sale, buyer responsible for due diligence.
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    • Contact for pricing
      10.98 Acres

      Mount Olive Industrial Land

      10.98 Acres, Approved 64,515 SF Warehouse
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    • $165,000

      Residential Lot in Budd Lake

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    Similar Nearby for Lease

    • Contact for pricing
      74,000 SF

      Village Green: Prime Retail/Office Space

      Mt. Olive, NJ: 74,000 SF Retail/Office Center
      100 Us Highway 46, Mount Olive, NJ 07828
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      123,023 SF

      Mount Olive Retail Center Opportunity

      Prime NJ Retail Space Available, High Traffic
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    • $9,000 /Mo

      Lakeside Office Building For Rent

      Spacious office building with lake views, suitable for various uses.
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    • $9,000 /Mo

      Lakeside Office Building For Rent

      Spacious office building with lake views, suitable for various uses.
      295 Route46, Budd Lake, NJ 07828
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    • Contact for pricing

      Prime Retail/Commercial Space Available

      High-visibility location with flexible floor plans in Mount Olive, NJ.
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    • Contact for pricing
      7,501 SF

      Warehouse and Office Space Available

      Warehouse and office space available for lease in Mount Olive.
      550 Clark Dr, Mount Olive, NJ 07828
      View Details
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    100 Us Highway 46
    Mount Olive, NJ 07828
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    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
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