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

    205 Rte 46th W Budd Lake, NJ 07828

    • Office buildings
    • 1,525 SF
    • 0.49 lot acres
    OFF-MARKET
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    6.2%
    Office buildings
    Location Intelligence
    Property ID
    US59-2148410
    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

    • Office buildings

    Property Details for 205 Rte 46th W

    Year built
    1947
    Lot size
    0.49 lot acres
    Property size
    1,525 SF
    Zone code
    C-1
    Property type
    Office buildings
    APN
    27 04400-0000-00054
    APU
    2704400000000054

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $385,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $406,000
      Market price range: $259k - $406k
      AI Estimate
      $378,000
      Market price range: $156k - $379k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $320,000
      Current use
      COMMERCIAL (GENERAL)
      $370,000
      Change: +16% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Budd Lake
    County
    Morris
    State
    New Jersey
    Longitude
    -74.7333
    Latitude
    40.8722
    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
    $13,926
    $337,500
    $88,500
    $426,000
    -
    $337,500
    $88,500
    $426,000

    Comparable in this City

    • Value Estimation
      $1,630,000
      5,350 SF

      30 Old Budd Lk Rd

      OFFICE BUILDING • 5,350 SF
      30 Old Budd Lk Rd, Budd Lake, NJ 07828-1804
      View Details
    • Value Estimation
      $440,000
      4,000 SF

      140 Rte 46

      OFFICE BUILDING • 4,000 SF
      140 Rte 46, Budd Lake, NJ 07828
      View Details
    • Value Estimation by Request
      74,000 SF

      100 Us-46

      Neighborhood centers • 74,000 SF
      100 Us-46, Mount Olive, NJ 07828
      View Details
    • Value Estimation by Request

      98 Us-46

      Office Properties & Spaces
      98 Us-46, Mount Olive, NJ 07828
      View Details
    • Value Estimation
      $560,000
      6.21 Acres

      350 International Dr

      INDUSTRIAL (GENERAL) • 6.21 Acres
      350 International Dr, Budd Lake, NJ 07828-4305
      View Details
    • Value Estimation by Request

      73 Us Hwy 46

      COMMERCIAL (GENERAL)
      73 Us Hwy 46, Budd Lake, NJ 07828
      View Details

    Similar Nearby for Sale

    • $1,600,000
      11,000 SF

      Medical Office Corner Suite

      Corner suite ideal for medical professionals, available immediately.
      125 Us Highway 46, Budd Lake, NJ 07828
      View Details
    • $450,000
      5.43 Acres

      Commercial Condo and Land Opportunity

      Commercial condo with development rights in Morris County, New Jersey.
      354 Route46, Budd Lake, NJ 07828
      View Details
    • $220,000
      9,100 SF

      Versatile Office Condo on Route 46

      Commercial condo with high visibility, customizable space, and ample parking.
      354 Route46, Budd Lake, NJ 07828
      View Details
    • $200,000

      Land Available in Mount Olive

      Land for sale, buyer responsible for due diligence.
      25 Budd Ave, Budd Lake, NJ 07828
      View Details
    • $180,000

      Land For Sale

      Land available for sale.
      100 Us-46, Budd Lake, NJ 07828
      View Details
    • $100,000

      Prime Land on Route 46

      1.34-acre parcel with high visibility and frontage on Route 46.
      212 Rte, Budd Lake, NJ 07828
      View Details

    Similar Nearby for Lease

    • $9,000 /Mo

      Lakeside Office Building For Rent

      Spacious office building with lake views, suitable for various uses.
      295 Route46, Budd Lake, NJ 07828
      View Details
    • $9,000 /Mo

      Lakeside Office Building For Rent

      Spacious office building with lake views, suitable for various uses.
      295 Route46, Budd Lake, NJ 07828
      View Details
    • Contact for pricing
      74,000 SF

      Village Green: Prime Retail/Office Space

      Mt. Olive, NJ: 74,000 SF Retail/Office Center
      100 Us Highway 46, Mount Olive, NJ 07828
      View Details
    • Contact for pricing

      Prime Retail/Commercial Space Available

      High-visibility location with flexible floor plans in Mount Olive, NJ.
      56 Rte, Mount Olive, NJ 07828
      View Details
    • Contact for pricing
      7,501 SF

      Warehouse and Office Space Available

      Warehouse and office space available for lease in Mount Olive.
      550 Clark Dr, Mount Olive, NJ 07828
      View Details
    • $2,000 /Mo
      9,100 SF

      Mount Olive Office Space For Lease

      Versatile office condo near Budd Lake with excellent visibility.
      354 Route46, Budd Lake, NJ 07828
      View Details
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    205 Rte 46th W
    Budd Lake, NJ 07828
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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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