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Property profile & analytics
FOR LEASE
Industrial properties

5 Mars Ct Boonton, NJ 07005

24,500 SF 3.31 ac lot Built 1980
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-0118578
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 systems and energy-saving LED lighting throughout. High ceilings, ranging from 15 to 24 feet, offer unparalleled flexibility for storage, equipment placement, and operational layout. Ample on-site parking ensures convenient access for employees and clients. Benefit from the strategic location, providing easy access to major transportation arteries including Routes 46, 80, and 287, significantly streamlining logistics and distribution. This property offers a compelling combination of size, functionality, and location, making it an ideal choice for businesses seeking to expand or establish a strong presence in the thriving Boonton market. The asking price is $7,495,000.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1980
Construction STEEL FRAME
Total area 24,500 SF
Lot 3.31 ac (144,184 SF)
Zoning code I2
APN 21 00003-0000-00038- 5
UPID US59-0118578
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
$8.35M
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.13M
Blend (final) Blend
$7.49M
Owner & transaction history
5 Mars Ct LLC · 1 yrs held
5 Mars Ct LLC
since 2025
Last sale
$7.3M
7 recorded transactions
2025
$7.3M
2023
$6.7M
2021
Price N/A
2018
$2.1M
2016
$1.8M
2007
$1.6M
1969
Price N/A
Zoning & alternative use
I2 · Boonton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $5.1M +17.2%
Commercial (general) $4.8M +9.1%
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