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Property profile & analytics
OFF-MARKET
Estimated value
$4,750,000
Commercial real estate
412 Us Hwy 46th W Hackettstown, NJ 07840-5337
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-1291672
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Construction
METAL FRAME
Total area
17,040 SF
Lot
10.02 ac (436,471 SF)
Zoning code
C-2
APN
27 08200-0000-00007
UPID
US59-1291672
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.75M
Owner & transaction history
Motion Lincoln Mercury LLC · 2 yrs held
Motion Lincoln Mercury LLC
since 2024
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
C-2 · Hackettstown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.6M
+38.4%
Industrial (general)
$3.0M
+18.2%
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 Hackettstown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hackettstown 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
Method
Estimation
Statistic approach
$4,750,000
ML approach
$4,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,570,000
Change: +38% · Conversion: Easy
INDUSTRIAL (GENERAL)
$3,045,000
Change: +18% · Conversion: Moderate
Blend value · Realmo final
$4.75M
Range $4.28M – $5.23M · ±10% · vs last sale $4.75M (May 10 2024)
Last sale anchor
$4.75M
May 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$279 / SF
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
$65,380
Tax year 2022
Assessed value
$2,000,000
Assessed 2023
Previous assessed
$2,000,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$1,252,500
Assessed improvement
$747,500
Land market value
$1,252,500
Improvement market value
$747,500
Total market value
$2,000,000
Applied tax rate
27.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Off-Market
Year built
1987
Construction
METAL FRAME
Heating
NONE
Stories
1
Total area
17,040 SF
Lot
10.02 ac (436,471 SF)
Zoning code
C-2
APN
27 08200-0000-00007
UPID
US59-1291672
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Hackettstown, NJ
Zoning C-2 · permitted uses
C-2 · Hackettstown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hackettstown. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.6M
INDUSTRIAL (GENERAL)
Est. value
$3.0M
OFFICE BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
METAL FRAME
Heating
NONE
Stories
1
Lot
10.02 ac
Current owner
From public records · entity-resolved
Motion Lincoln Mercury LLC
Entity
Mailing address
412 US HWY 46TH W, HACKETTSTOWN, NJ 07840-5337
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2024
—
Motion Lincoln Mercury LLC
Motion Motors Mount Olive INC
Intrafamily Transfer
related
—
Sep 1, 2021
$4,750,163
Motion Motors Mount Olive INC
Lustig Enterprises LLC
Deed
$2,413,832 · First Hope Bank
Sep 1, 2021
—
Motion Motors Mount Olive INC
—
Deed
related
$1,956,000 · Empire State Certified Development Corpo
Mar 18, 2021
$3,888,000
Lustig Enterprises LLC
Barnacle Realty
Correction Deed
related
—
Feb 8, 2019
$3,888,000
Lustig Ents LLC
Barnacle Realty
Grant Deed
—
Feb 5, 2019
—
Realty Barnacle
Kevil Michael
Quit Claim Deed
related
—
—
—
Realty Barnacle
—
Deed Of Trust
related
$1,000,000 · Gmac Bank
—
—
Realty Barnacle
—
Deed Of Trust
related
$1,500,000 · Gmac Mortgage Corp
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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