Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,175,000
Commercial real estate
11 Us Hwy 46 Budd Lake, NJ 07828-1807
Entity Owned
~
Est. High Equity
Property ID
US59-1934095
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1943
Construction
CONCRETE BLOCKS
Total area
5,364 SF
Lot
1.15 ac (49,998 SF)
Zoning code
C-1
APN
27 00101-0000-00001
UPID
US59-1934095
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$874k
Blend (final)
Blend
$1.18M
Owner & transaction history
11 Route 46 Budd Lake LLC
11 Route 46 Budd Lake LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-1 · Budd Lake, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Budd Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Budd Lake submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,320,000
ML approach
$1,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,305,000
Current use
OFFICE BUILDING
$1,125,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$219 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$29,748
Tax year 2022
Assessed value
$910,000
Assessed 2023
Previous assessed
$910,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$480,000
Assessed improvement
$430,000
Land market value
$480,000
Improvement market value
$430,000
Total market value
$910,000
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1943
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Total area
5,364 SF
Lot
1.15 ac (49,998 SF)
Zoning code
C-1
APN
27 00101-0000-00001
UPID
US59-1934095
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Budd Lake, NJ
Zoning C-1 · permitted uses
C-1 · Budd Lake, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Budd Lake. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1943
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
1.15 ac
Current owner
From public records · entity-resolved
11 Route 46 Budd Lake LLC
Entity
Mailing address
73 GRN POND RD, ROCKAWAY, NJ 07866-2029
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2025
—
11 Route 46 Budd Lake LLC
Rnd Auto & Truck LLC
Deed
$950,000 · Td Bank NA
Oct 23, 2023
$1,150,000
Rnd Auto & Truck LLC
Blue Sky Real Estate Holdings LLC
Deed
$950,000 · Blue Sky Real Holdings LLC
Nov 24, 2014
$1,080,000
Sky Real Estate Holdings Blue
Blue Sky Land & Building LLC
Grant Deed
related
—
Feb 22, 2007
$1,139,000
Blue Sky Land And Building LLC
Village Enterprises
Deed
$920,000 · Commerce Bank
—
—
Blue Sky Land & Building LLC
—
Deed Of Trust
related
$843,200 · Pnc Bank
—
—
Village Enterprises LLC
—
Deed Of Trust
related
$570,000 · First Hope Bank
—
—
Village Enterprise LLC
—
Deed Of Trust
related
$250,000 · First Hope Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 11 Us Hwy 46?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
