1000 International Dr Budd Lake, NJ 07828-4308
Property profile & analytics
1000 International Dr, Budd Lake, NJ 07828-4308
- Hotels
- 79,868 SF
- 10.09 lot acres
Property ID
US59-2814443
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.
Location Intelligence
Current Use by Public Records
- Holiday Inn Budd Lake - Rockaway Area / Hotel & Motel
- Blink Charging Station / Electric Vehicle Charging Station
- Holiday Inn Budd Lake - Rockaway Area, an IHG Hotel / Hotel & Motel
- EVgo Charging Station / Electric Vehicle Charging Station
Property Details for 1000 International Dr
- Year built
- 2000
- Lot size
- 10.09 lot acres
- Zone code
- FTZ4
- Property type
- Hotels
- APN
- 27 00204-0000-00001
- APU
- 2700204000000001
Description
Exceptional investment opportunity: a 141-key Holiday Inn located at 1000 International Drive, Mt Olive, NJ 07828, in Morris County. This four-story, 100,000 square foot hotel, built in 1997 and renovated in 2017, sits on a 10.09-acre lot and boasts 150 parking spaces. The property features 65 king rooms, 65 double-double rooms, 4 suites, and 7 ADA-compliant rooms, all approximately 350 square feet. Amenities include two elevators, a fitness center, an indoor pool, and three banquet halls. The hotel benefits from an interior corridor design and a central gas heating and cooling system. The flat rubber roof is in place. The asking price is $9,750,000, representing a price per square foot of $97.50. The property's current occupancy is 45.2% as of December 31, 2023. Its strategic location along I-80, a major thoroughfare with approximately 50,000 vehicles daily, provides excellent visibility and accessibility. Furthermore, its proximity to New York City (less than an hour away) and several prominent wedding venues positions it for significant revenue growth. The property is approved for rebranding to a Hilton Garden Inn. Morris County's robust tourism sector, with over 5,300,000 visitors and over $292 million spent on lodging in 2022, presents a strong market for increased occupancy and revenue. Analysis indicates a potential for over $700,000 (21%) in additional room revenue based on market rates. The property's parcel number is 1427_204_1.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $1,390,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,141,000
Market price range: $1.39M - $9.09M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Budd Lake
- County
- Morris
- State
- New Jersey
- Longitude
- -74.7248
- Latitude
- 40.9083
- 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
$153,643
$2,636,400
$2,063,600
$4,700,000
-
$2,636,400
$2,063,600
$4,700,000
