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Property profile & analytics
FOR SALE
Commercial real estate
115 Us Highway 46 Mountain Lakes, NJ 07046
Entity Owned
~
Est. High Equity
Property ID
US59-0824521
For Sale
1 / 18
$385,000
115 Us Highway 46, Mountain Lakes, NJ 07046
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.05 ac (2,265 SF)
Zoning code
OL-2
APN
25 00116-0000-00005- 01
UPID
US59-0824521
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
Current use
Occupant on record · Public records
-
Peter Dabrowski MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mountain Lakes Property LLC
Mountain Lakes Property LLC
since 2025
Last sale
$200,000
7 recorded transactions
Zoning & alternative use
OL-2 · Mountain Lakes, 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 Mountain Lakes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mountain Lakes 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,881
Tax year 2022
Assessed value
$372,700
Assessed 2023
Previous assessed
$327,600
+13.8% YoY
Effective rate
2.38%
On assessed value
Assessed land
$105,000
Assessed improvement
$267,700
Land market value
$105,000
Improvement market value
$267,700
Total market value
$372,700
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
For Sale
Heating
NONE
Lot
0.05 ac (2,265 SF)
Zoning code
OL-2
APN
25 00116-0000-00005- 01
UPID
US59-0824521
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OL-2 · Mountain Lakes, NJ
Zoning OL-2 · permitted uses
OL-2 · Mountain Lakes, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mountain Lakes. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Mountain Lakes Property LLC
Entity
Mailing address
115 US HWY 46A, MOUNTAIN LAKES, NJ 07046-1668
Mailing matches property
Yes
Owner-occupied
Yes
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
28 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2025
$200,000
Mountain Lakes Property LLC
Pd Holdings LLC
Deed
$1,200,000 · Ohana Investments LLC
Aug 21, 2025
—
Mountain Lakes Property LLC
—
Deed
related
$1,200,000 · Ohana Investments LLC
Aug 8, 2025
$530,000
Sannicandro Group LLC
Dikengil Properties II LLC
Deed
—
Jul 30, 2025
$200,000
Mountain Lakes Property LLC
Pd Holdings LLC
Deed
—
Jul 24, 2025
$200,000
Mountain Lakes Property LLC
Pd Holdings LLC
Deed
—
Jun 17, 2025
$245,000
Granite Office Properties LLC
All Business Properties LLC
Deed
$183,750 · Td Bank NA
Jun 17, 2025
—
Eva Balogh
—
Deed
related
$225,000 · Charles Shulman And Dey Court LLC
Sep 23, 2024
$1,190,000
Ara Properties LLC
Mountlakes Holdings LLC
Deed
$690,000 · Spencer Savings Bank Sla
Feb 9, 2024
$260,000
Damasco Garden Properties LLC
Wa Wardle Associates LLC
Deed
$132,400 · Td Bank NA
Aug 17, 2023
$299,000
Riemer Insurance Company INC
K Squared LLC
Deed
—
Mar 15, 2023
$425,000
Dikengil Properties II LLC
Kmch Lakes Properties LLC
Deed
—
Jul 7, 2022
$394,000
Kmch Lakes Properties LLC
Macmd Mountain Lakes LLC
Deed
—
Jun 30, 2022
$195,000
Jggg Realty LLC
Tcg Properties LLC
Deed
—
Jun 22, 2022
$1,400,000
Mountlakes Holdings LLC
Aj Property Holdings Nj LLC
Deed
—
Nov 9, 2021
$365,000
K Squared LLC
C3k LLC
Bargain & Sale Deed
—
Apr 29, 2021
—
Swmlbp LLC
Swmlbp LLC
Deed
related
$232,000 · Investors Bank
Jan 23, 2020
$375,000
Aj Property Holdings Nj LLC
Sullivan Associates
Grant Deed
—
Sep 18, 2019
$917,320
Aj Property Holdings LLC
Mt 46 Corp INC
Grant Deed
—
Apr 11, 2019
—
Eva Balogh
Moor,philip O
Quitclaim Deed
related
$143,500 · Velocity Com'l Cap
Nov 30, 2017
$350,000
Macmd Mountain Lakes LLC
Mt 46 Corp INC
Grant Deed
—
Jan 3, 2017
$132,500
Iron Horse Invs LLC
Leng-dor USA INC
Grant Deed
—
Nov 16, 2016
$165,000
You Should Smile LLC
Kimon,panagiotis & Cynthia L
Grant Deed
—
Aug 22, 2016
$348,000
Scott M Itzkowitz
Mt 46 Corp INC
Grant Deed
$313,500 · Private Individual
Aug 11, 2016
$600,000
Aj Property Holdings Nj LLC
Joe Santoro Holdings INC
Grant Deed
related
—
Apr 26, 2006
$1
James V Dromsky
Dromsky,perri
Quit Claim Deed
related
—
Apr 26, 2006
$380,000
C3k LLC
Dromasky,james V
Grant Deed
—
Jan 10, 2005
$1
Joe Santoro Holdings INC
Santoro,joel
Grant Deed
related
—
—
—
Lakes Business Park L Mountain
—
Deed Of Trust
related
$215,000 · Axxa INC
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.
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