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

    35 Old Ledgewood Rd Flanders, NJ 07836-9720

    • Warehouses
    • 5,000 SF
    • 1.58 lot acres
    OFF-MARKET
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1071175
    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

    • Warehouses

    Property Details for 35 Old Ledgewood Rd

    Year built
    1986
    Construction
    METAL FRAME
    Lot size
    1.58 lot acres
    Property size
    5,000 SF
    Zone code
    R-3
    Property type
    Warehouses
    APN
    27 04300-0000-00007
    APU
    2704300000000007

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $875,000
      APARTMENT HOUSE (5+ UNITS)
      $790,000
      COMMERCIAL (GENERAL)
      $650,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Flanders
    County
    Morris
    State
    New Jersey
    Longitude
    -74.7052
    Latitude
    40.8889
    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
    $12,233
    $164,800
    $209,400
    $374,200
    -
    $164,800
    $209,400
    $374,200

    Comparable in this City

    • Value Estimation
      $2,900,000
      23,400 SF

      3 Gold Mine Rd

      WAREHOUSE, STORAGE • 23,400 SF
      3 Gold Mine Rd, Roxbury Township, NJ 07836-0579
      View Details
    • Value Estimation by Request
      7,200 SF

      9 Flanders Netcong Rd

      WAREHOUSE, STORAGE • 7,200 SF
      9 Flanders Netcong Rd, Flanders, NJ 07836
      View Details
    • Value Estimation
      $1,065,000
      8,188 SF

      51 Old Ledgewood Rd

      WAREHOUSE, STORAGE • 8,188 SF
      51 Old Ledgewood Rd, Flanders, NJ 07836-9720
      View Details
    • Value Estimation
      $865,000
      6,192 SF

      280 Old Ledgewood Rd

      WAREHOUSE, STORAGE • 6,192 SF
      280 Old Ledgewood Rd, Flanders, NJ 07836-9751
      View Details
    • Value Estimation
      $750,000
      5,456 SF

      19 Flanders Netcong Rd

      WAREHOUSE, STORAGE • 5,456 SF
      19 Flanders Netcong Rd, Flanders, NJ 07836-9736
      View Details
    • Value Estimation
      $4,130,000
      35,052 SF

      199 Us Hwy 206

      WAREHOUSE, STORAGE • 35,052 SF
      199 Us Hwy 206, Flanders, NJ 07836-4501
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      2.6 Acre Buildable Land

      2.6 acre of buildable land, C-2 zoning.
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      2.78 Acres Wooded Land Parcel

      2.78 acres of wooded land with highway frontage.
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    • $1,300,000
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      Flanders Mixed-Use Commercial Property

      Prime Flanders location, two buildings, high potential.
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    • $5,000,000

      International Drive Commercial Land

      ±5 Acres, ±6,450 SF Building, $5M
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      0.22 Acres

      Flanders Office Space: Prime Location

      Four Rooms, 1.5 Baths, Great Value
      28 Plaza Rd, Flanders, NJ 07836
      View Details
    • $622,500
      15,600 SF

      Professional Office Condos For Sale

      Prime location, versatile layout, ideal for various professional uses.
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    Similar Nearby for Lease

    • $4,550 /Mo
      2,800 SF

      Roxbury Warehouse with Air Conditioning

      Air-conditioned warehouse space for lease, conveniently located near Route 80.
      3 Gold Mine Rd, Roxbury Township, NJ 07836
      View Details
    • $1,245 /Mo
      3,058 SF

      Mount Olive Office/Shop Space

      Versatile 650 sq ft space suitable for office or shop.
      230 Rte 206 south, Flanders, NJ 07836
      View Details
    • Contact for pricing
      514,903 SF

      The Gardens Retail Space

      High-traffic Morris County retail spaces
      10 International Dr, Mount Olive, NJ 07836
      View Details
    • Contact for pricing
      8,500 SF

      Roxbury Township Professional Office Space

      Divisible office space in well-maintained building on Route 206.
      185 Rte, Roxbury Township, NJ 07836
      View Details
    • $24 SF/Yr

      Mount Olive Township Property

      Property for rent in Mount Olive Township, New Jersey.
      230 Rte, Flanders, NJ 07836
      View Details
    • $1,100 /Mo

      Mount Olive Office Space Available

      Office space for rent with flexible leasing options.
      28 Plaza Rd, Roxbury Township, NJ 07836
      View Details
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    35 Old Ledgewood Rd
    Flanders, NJ 07836-9720
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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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