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Property profile

115 Us Highway 46 C23 Mountain Lakes, NJ 07046

FOR SALE
Other office properties
Property ID
US59-1669412
0.06 ac lot Built 1989
Last sale Feb 2015 · $285,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A second-floor office condominium within the Mountain Lakes Business Park. The unit is arranged with a large open work area, a reception or waiting room, one bathroom, five enclosed offices, and a loft overlooking the main floor; one office is sized for conference use, and additional storage supports day-to-day organization. The layout includes front and rear entrances providing separate access points, and the space is configured for office use. The property is located on US Highway 46 with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$419k
Assessed land$105k
Assessed improvement$314k
Effective rate2.38%

Value estimate

· Oct 2026
$340k
$306k – $374k
AI approach$340k
NOI build-up
Gross scheduled income$76k
Vacancy & credit loss−$24k
Operating expenses−$13k
NOI · 10.81% cap applied$39k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$209/SF
County average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$170 – $267

Cap rate analysis

How does the asset earn?
10.81%
$39k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OL-2
For permitted uses other than multi-family inclusionary development, as set forth in this chapter for the OL-2 Zone. (2) For multifamily ...
General categoryINDUSTRIAL
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon14.1
Nail Salon12.9
Convenience Store10.3

Location

115 Us Highway 46, Unit C23 Mountain Lakes, NJ 07046
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 8 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
1 Bloomfield, Mountain Lakes, NJ 07046-1466 $5,000,000 Jul 2019 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
4 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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