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    Property profile & analytics

    652 Us-46 Roxbury Township, NJ 07847

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 652 Us-46

    Property type
    Retail properties

    Description

    This exceptional retail opportunity presents two development concepts for a new strip center in the thriving Roxbury Township, New Jersey. Concept A offers approximately 8,820 square feet of retail space, while Concept B provides approximately 7,800 square feet, incorporating a convenient drive-thru option. Both concepts are zoned B-2 Highway Commercial, as detailed in the provided zoning ordinance and map (links available upon request). The property boasts excellent visibility and accessibility, situated on US-46 with a high traffic count of 15,803 AADT (NJDOT). Public water and sewer services are readily available. The location benefits from proximity to a variety of established national retailers, including AutoZone, Advance Auto Parts, White Castle, McDonald's, KFC, CVS, Walgreens, The Learning Experience, BJ's Wholesale Club, Retro Fitness, and Dairy Queen, ensuring high foot traffic and strong consumer demographics. This presents a unique chance to establish a successful retail presence in a vibrant and densely populated area. Detailed plans and specifications for both concepts are available upon request. Serious inquiries only.

    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
    Roxbury Township
    County
    Morris
    State
    New Jersey
    Longitude
    -74.6263
    Latitude
    40.8793

    Comparable in this City

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      $3,305,000
      20,970 SF

      760 Us Hwy 46

      COMMERCIAL (GENERAL) • 20,970 SF
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    • Value Estimation by Request
      2.81 Acres

      4th St

      INDUSTRIAL (GENERAL) • 2.81 Acres
      4th St, Kenvil, NJ 07847
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    • Value Estimation by Request
      1,864 SF

      95 Dell Ave

      INDUSTRIAL (GENERAL) • 1,864 SF
      95 Dell Ave, Kenvil, NJ 07847-2558
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    • Value Estimation by Request
      5,024 SF

      90 Dell Ave

      INDUSTRIAL (GENERAL) • 5,024 SF
      90 Dell Ave, Kenvil, NJ 07847-2559
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    • Value Estimation
      $525,000
      4,560 SF

      54 Dell Ave

      INDUSTRIAL (GENERAL) • 4,560 SF
      54 Dell Ave, Kenvil, NJ 07847
      View Details
    • Value Estimation
      $1,235,000
      9,568 SF

      922 Us Hwy 46

      COMMERCIAL (GENERAL) • 9,568 SF
      922 Us Hwy 46, Kenvil, NJ 07847-2634
      View Details

    Similar Nearby for Sale

    • $650,000

      Kenvil Mixed-Use Commercial Property

      Mixed-use commercial property with retail space, apartments, and parking.
      490 Rte, Kenvil, NJ 07847
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    • $650,000
      2,087 SF

      Roxbury Twp. Mixed-Use Property

      High-visibility corner property with commercial space and residential units.
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    • $299,000
      Pending

      Commercial Land in Roxbury Township

      1.5-acre commercial land in Kenvil, NJ, zoned B-2.
      894 Route46Ken, Roxbury Twp, NJ 07847
      View Details
    Request Owner's contact information
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    652 Us-46
    Roxbury Township, NJ 07847
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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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