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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Mountain Ave Hackettstown, NJ 07840

    • Commercial real estate
    • 1 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2841196
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 115 Mountain Ave

    Property size
    1 SF
    Property type
    Commercial real estate

    Description

    This exceptional executive office suite, totaling one square foot, is ideally situated at 115 Mountain Avenue in Hackettstown, New Jersey, within Warren County (zip code 07840). Located on the second floor, this corner unit offers a large, open layout with significant potential for various professional uses. The property is a single-tenant space, providing exclusive occupancy. A key advantage is the ample on-site parking available for tenants and their clients. The address is conveniently located in Hackettstown, offering easy access to local amenities and transportation networks. This unique offering presents a rare opportunity for a business seeking a highly visible and conveniently located professional space in a desirable New Jersey market. The property's size makes it suitable for a small business or individual professional requiring a compact, efficient workspace. Given its corner location, the suite benefits from excellent natural light and visibility. The single-tenant occupancy ensures privacy and control over the workspace. Interested parties are encouraged to inquire further to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hackettstown
    County
    Warren
    State
    New Jersey
    Longitude
    -74.8238227
    Latitude
    40.848047

    Comparable in this City

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      2,700 SF

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      Prime Hackettstown Retail/Office Opportunity
      470 Schooleys Mountain Rd, Hackettstown, NJ 07840
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    • $1,950 /Mo
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      Hackettstown Town Commercial Space

      New construction retail/office space in downtown Hackettstown.
      237 Main St, Hackettstown, NJ 07840
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    • $2,800 /Mo
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      Prime Retail/Professional Space Available

      Ground-level space with high visibility in Panther Valley Mall.
      1571 Panther V Mall, Allamuchy Twp, NJ 07840
      View Details

    Similar Nearby for Sale

    • $90,000
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      Hackettstown Office Space - 8,000 SF

      Prime Hackettstown office, highway-accessible, immediate occupancy.
      488 Schooleys Mountain Rd, Hackettstown, NJ 07840
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    • $1,500,000
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      Hackettstown Main Street Commercial Gem

      Prime location, 14,000 sqft, redevelopment potential.
      236 Main St, Hackettstown, NJ 07840
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      Hackettstown Retail Development Opportunity

      3.5 AC buildable land near Route 80 and downtown.
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      7.00 Acres

      Undeveloped Land in Mansfield Township

      7-acre lot with stream, wetlands, and flood zone.
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    • $53,500
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      Residential Land in Rural Setting

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      Hackettstown Multifamily Property for Sale

      Multifamily property in Hackettstown, NJ, available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      2,700 SF

      Prime Office Space, Newburgh Rd

      2,100 SF Office, Immediate Occupancy
      43 Newburgh Rd, Hackettstown, NJ 07840
      View Details
    • $14 SF/Yr
      15,000 SF

      Hastings Square Retail Space, Hackettstown NJ

      Prime Hackettstown Retail/Office Opportunity
      470 Schooleys Mountain Rd, Hackettstown, NJ 07840
      View Details
    • $1,950 /Mo
      7,405 SF

      Hackettstown Town Commercial Space

      New construction retail/office space in downtown Hackettstown.
      237 Main St, Hackettstown, NJ 07840
      View Details
    • $2,800 /Mo
      259,618 SF

      Prime Retail/Professional Space Available

      Ground-level space with high visibility in Panther Valley Mall.
      1571 Panther V Mall, Allamuchy Twp, NJ 07840
      View Details
    • $1,100 /Mo
      17,860 SF

      Hackettstown Office Space For Rent

      First-floor office space in a convenient Hackettstown location.
      699 Washington St, Hackettstown, NJ 07840
      View Details
    • $1,750 /Mo
      44,431 SF

      Prime Commercial Space on Route

      High-exposure, move-in-ready space on Route 46 in Mount Olive.
      445 Us Highway 46, Hackettstown, NJ 07840
      View Details
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    115 Mountain Ave
    Hackettstown, NJ 07840
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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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