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    99 Howard Blvd Mount Arlington, NJ 07856
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    99 Howard Blvd Mount Arlington, NJ 07856

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    • Retail properties & Spaces
    • 3,469 SF
    • 3.59 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 99 Howard Blvd

    Lot size
    3.59 lot acres
    Property size
    3,469 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional free-standing medical office building, located at 99 Howard Boulevard in Mount Arlington, New Jersey, presents a unique redevelopment opportunity. The property boasts a total of 3,469 square feet of vacant space, situated on a sizable lot ranging from 1.053 to 3.59 acres. The building is currently available for lease as a single-tenant occupancy. The property type is versatile, encompassing retail, office, and land uses, making it suitable for a variety of businesses. The building's convenient location in Morris County, New Jersey, offers excellent accessibility and visibility. With ample parking accommodating 28 vehicles, the property is well-suited for a medical practice or other commercial enterprise requiring substantial space and convenient parking. The property's zoning and potential for redevelopment should be investigated further by prospective tenants. The address is 99 Howard Blvd, Mount Arlington, NJ 07856. The property is classified as a single-tenant building with a total of 3,469 square feet. The entire building is currently vacant and ready for immediate occupancy. The expansive lot size provides significant potential for future expansion or development. This is a rare opportunity to secure a substantial commercial property in a desirable location. Further details regarding zoning and permitted uses are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Arlington
    County
    Morris
    State
    New Jersey
    Longitude
    -74.6343
    Latitude
    40.8999

    Comparable in this City

    • Value Estimation by Request
      1.05 Acres

      99 Howard Blvd

      Land • 3,469 SF
      99 Howard Blvd, Mount Arlington, NJ 07856
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    • Value Estimation by Request
      1.05 Acres

      99 Howard Blvd

      Land • 1.05 Acres
      99 Howard Blvd, Mount Arlington, NJ 07856
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    • Value Estimation by Request
      4.57 Acres

      100 Stierli Ct

      OFFICE BUILDING • 4.57 Acres
      100 Stierli Ct, Mount Arlington, NJ 07856-1312
      View Details
    • Value Estimation
      $665,000
      7,250 SF

      5 Howard Blvd

      COMMERCIAL (GENERAL) • 7,250 SF
      5 Howard Blvd, Mount Arlington, NJ 07856-1300
      View Details
    • Value Estimation by Request
      3,605 SF

      403 Howard Blvd

      COMMERCIAL (GENERAL) • 3,605 SF
      403 Howard Blvd, Mount Arlington, NJ 07856-1182
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    • Value Estimation by Request
      4,480 SF

      324 Howard Blvd

      COMMERCIAL (GENERAL) • 4,480 SF
      324 Howard Blvd, Mount Arlington, NJ 07856-1220
      View Details

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    Mount Arlington, NJ 07856
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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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