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    1 Como Ct Montville, NJ 07082

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    1 Como Ct Montville, NJ 07082

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    • Warehouses
    • 24,120 SF
    • 2.00 lot acres
    For Lease
    $2,990,000
    View Listing →
    Como Ct Available For Lease
    $2,990,000

    Como Ct Available

    Commercial real estate for rent at Como Ct, Montville, NJ.

    1 Como Ct, Montville, NJ 7082
    View Listing
    Property ID
    US59-3079265
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1 Como Ct

    Construction
    CONCRETE BLOCKS
    Lot size
    2.00 lot acres
    Property size
    24,120 SF
    Zone code
    I1A
    Property type
    Warehouses
    APN
    21 00041-0000-00001- 5
    APU
    21000410000000015

    Description

    This exceptional industrial property, located at 1 Como Ct in Morris County, presents a unique investment opportunity. The single-tenant warehouse boasts a sturdy masonry construction and features high ceilings, providing ample storage and operational space. The property is classified as Class B and comprises a single-story building. Conveniently situated, it offers one drive-in loading dock for efficient goods handling, along with up to eight on-site parking spaces for employees and visitors. The warehouse is zoned for both retail and warehouse uses, offering flexibility for a variety of businesses. The electrical service is robust, featuring three-phase power with a 400-ampere capacity, ensuring sufficient power for demanding operations. This property is perfect for a business seeking a functional and well-located warehouse space in a thriving area. The single-tenant occupancy simplifies management and provides a stable income stream. The combination of its practical features, convenient location, and flexible zoning makes this warehouse an attractive proposition for discerning investors and business owners alike. Serious inquiries are encouraged to explore this exceptional opportunity further. The property's total square footage is currently unavailable.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,730,000
      OFFICE BUILDING
      $4,220,000
      APARTMENT HOUSE (5+ UNITS)
      $3,815,000
      INDUSTRIAL (GENERAL)
      $1,835,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Towaco
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3399
    Latitude
    40.9315
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $37,561
    $400,000
    $1,062,100
    $1,462,100
    -
    $400,000
    $1,062,100
    $1,462,100

    Comparable in this City

    • Value Estimation by Request
      10,000 SF

      435 Main Rd

      Flex space • 10,000 SF
      435 Main Rd, Montville Township, NJ 07082
      View Details
    • Value Estimation
      $1,780,000
      14,022 SF

      51 Indian E Ln

      WAREHOUSE, STORAGE • 14,022 SF
      51 Indian E Ln, Towaco, NJ 07082-1025
      View Details
    • Value Estimation by Request
      1,936 SF

      437 Rte 202

      INDUSTRIAL (GENERAL) • 1,936 SF
      437 Rte 202, Towaco, NJ 07082-1554
      View Details
    • Value Estimation
      $3,005,000
      27,606 SF

      425 Rte 202

      INDUSTRIAL (GENERAL) • 27,606 SF
      425 Rte 202, Towaco, NJ 07082-1554
      View Details
    • Value Estimation
      $5,365,000
      56,280 SF

      439 Rte 202

      INDUSTRIAL (GENERAL) • 56,280 SF
      439 Rte 202, Towaco, NJ 07082
      View Details
    • Value Estimation
      $6,905,000
      36,590 SF

      2 Como Ct

      INDUSTRIAL (GENERAL) • 36,590 SF
      2 Como Ct, Towaco, NJ 07082-1128
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land and Building Available

      33,200 SF industrial building on 2.3 acres for sale.
      Montville, NJ 07082
      View Details
    • $349,000
      0.81 Acres

      Residential Land in Montville Township

      Land for building a home near NYC and Towaco Train.
      33 White Hall Rd, Towaco, NJ 07082
      View Details
    View Listing
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    Montville, NJ 07082
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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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