Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    US-9 & Ln Ml Rd Howell Township, NJ 07731
    Property profile & analytics

    US-9 & Ln Ml Rd, Howell Township, NJ 07731

    View on Map
    • Lifestyle centers
    • 435,074 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for US-9 & Ln Ml Rd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Lanes Mill Marketplace offers a prime retail opportunity in Monmouth County. This shopping center boasts a total of 435,074 square feet, currently featuring one large suite with 2,750 square feet immediately available for lease. The property enjoys exceptional visibility with 435 feet of frontage on Route 37, a major thoroughfare experiencing a high volume of traffic—62,890 vehicles per day. Ample parking is provided with 2,206 spaces available for customers and employees. The property's operational costs are transparent and predictable, with a trash removal fee of $0.50 per square foot and property taxes of $3.20 per square foot. This location presents a unique chance to establish or expand a retail business in a high-traffic area with significant visibility and convenient parking. The substantial square footage of the available space allows for considerable flexibility in design and layout. The property's strategic location within Monmouth County ensures access to a large and diverse customer base. This is an exceptional opportunity for a retailer seeking a prominent and well-positioned space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Howell Township
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2218
    Latitude
    40.1293

    Comparable in this City

    • Value Estimation by Request
      2,969 SF

      1990 Us-9

      Lifestyle centers
      1990 Us-9, Howell Township, NJ 07731
      View Details
    • Value Estimation by Request
      17,964 SF

      5313 Us-9

      Power centers
      5313 Us-9, Howell Township, NJ 07731
      View Details
    • Value Estimation by Request
      4.03 Acres

      4204 Us-9

      Retail properties & Spaces
      4204 Us-9, Howell Township, NJ 07731
      View Details
    • Value Estimation by Request

      Howell Township, NJ 07731

      Restaurants
      Howell Township, NJ 07731
      View Details
    • Value Estimation by Request
      17,500 SF

      2301 Us-9

      Land
      2301 Us-9, Howell Township, NJ 07731
      View Details
    • Value Estimation by Request
      26,772 SF

      2394-2458 Us-9

      Medical space
      2394-2458 Us-9, Howell Township, NJ 07731
      View Details

    Similar Nearby for Sale

    • $299,000

      High-Visibility Commercial Land on Route 9

      Prime commercial land with high development potential on Route 9.
      9 Rustic Dr, Howell, NJ 07731
      View Details
    • $325,000

      Route 9 Commercial Land Opportunity

      High-exposure commercial land on Route 9, ideal for various businesses.
      9 Rustic Dr, Howell, NJ 07731
      View Details
    • $1,900,000
      Pending

      Renovated Warehouse and Showroom

      Completely renovated building with warehouse, showroom, and offices.
      1029 Us Highway 9, Howell, NJ 07731
      View Details
    • $1,800,000
      5,852 SF

      Howell Mixed-Use Property For Sale

      Mixed-use property with storefront, office, and residential units.
      6850-6854 Us Highway 9, Howell, NJ 07731
      View Details
    • $1,900,000
      5,990 SF

      Renovated Building with Warehouse/Showroom

      Renovated building with showroom, offices, and warehouse space.
      1029 Us Highway 9, Howell, NJ 07731
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Pad Sites Available

      Retail and pad sites for rent in Howell Township, NJ.
      5313 Us Highway 9, Howell, NJ 07731
      View Details
    • Contact for pricing
      1,165 SF

      Community Center Retail Space Available

      Retail space for lease in high-traffic community center.
      4075 Rte 9, Howell, NJ 07731
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for lease in Howell Township, NJ.
      1990 Us Highway 9, Howell, NJ 07731
      View Details
    • Contact for pricing
      1,300 SF

      Retail Building with Drive-Thru

      Two-story, 3,800 SF building with drive-thru on Route 9.
      4007 Us Highway 9, Howell, NJ 07731
      View Details
    • $4,500 /Mo
      653,400 SF

      Equestrian Facility for Rent

      Spacious equestrian facility on 15 acres in Howell, NJ.
      919 Lakewood Farmingdale Rd, Howell, NJ 07731
      View Details
    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.
    US-9 & Ln Ml Rd
    Howell Township, NJ 07731
    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
    US-9 & Ln Ml Rd, Howell Township, NJ, 07731
    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!