Financial
Distress signals
Property profile

5 Mars Ct Boonton, NJ 07005

FOR LEASE
Industrial properties
Property ID
US59-0118578
24,500 SF 3.31 ac lot Built 1980
Last sale Feb 2025 · $7,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 34,500-square-foot industrial property in Boonton, NJ, presents a unique investment opportunity. Situated on a 3.31-acre lot, this versatile space is perfectly suited for a variety of commercial uses, including light manufacturing, warehousing, and distribution. The property boasts 3,900 square feet of modern office and administrative space, seamlessly integrated with the expansive warehouse area. Maintain a comfortable and efficient operation with the recently updated HVAC

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$38k
Tax billed · 2022
Assessed value · 2023$4.75M
Assessed land$662k
Assessed improvement$4.09M
Effective rate0.81%

Value estimate

· Sep 2026
$8.48M
$7.63M – $9.32M
AI approach$8.35M
Submarket $/SF estimate$6.13M
NOI build-up
Gross scheduled income$162k
Vacancy & credit loss−$10k
Operating expenses−$46k
NOI · 764,372.76% cap applied$107k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
County average, outlier-cleaned · 85 recorded sales of this use type
Observed band · Q1–Q3$134 – $250
Qualifying comparables7

Cap rate analysis

How does the asset earn?
764,372.76%
$107k 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?
I2
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.5
Realty agency9.2
Electrical Service9.0

Location

5 Mars Ct Boonton, NJ 07005
County assessor Recorded deeds · 7 transfers 7 qualifying comp sales 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

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
500 Division, Boonton, NJ 07005 $5,300,000 Jul 2025 28,850 SF
309 Wootton, Boonton, NJ 07005 $8,000,000 Feb 2022 16,975 SF
1 Mars, Boonton, NJ 07005-2416 $11,100,000 Sep 2020 21,714 SF
6 Mars, Boonton, NJ 07005-9309 $11,100,000 Sep 2020 17,500 SF
2 Plane, Boonton, NJ 07005 $525,000 Aug 2020 23,780 SF
62 Parsippany, Boonton, NJ 07005-1031 $2,394,000 Dec 2019 20,825 SF
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
6 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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