You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $11,765,000
Commercial real estate

520 Myrtle Ave 550 Boonton, NJ 07005-1914

50,948 SF 5.6 ac lot Built 1999
Entity Owned 12-yr Hold ~ Est. High Equity
Property ID
US59-1589138
Property summary
AI-generated overview

This exceptional retail property, the Boonton ACME Shopping Center, located at 520 Myrtle Ave, Boonton, NJ 07005, presents a prime opportunity for businesses seeking high visibility and convenient access. The center boasts a total of 62,741 square feet of retail space, currently configured as a single, multi-tenant building. A significant advantage is the immediate highway visibility from I-287, Exit 45, ensuring substantial foot and vehicle traffic. The property is situated in Morris County, New Jersey, within a thriving neighborhood center. Currently, there is 1,833 square feet of vacant space available, ideal for a variety of retail uses. This presents a unique chance to establish or expand a business in a high-traffic location with excellent exposure. The property's strategic location and ample space make it an attractive investment for businesses seeking to capitalize on a strong retail market. The address is easily accessible and benefits from the high volume of traffic generated by its proximity to a major highway. This is a rare opportunity to secure a well-positioned retail space in a desirable New Jersey location. The available space is ready for immediate occupancy.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1999
Total area 50,948 SF
Lot 5.6 ac (243,762 SF)
Zoning code C-1
APN 01 00069-0000-00075- 06
UPID US59-1589138
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$14.70M
Blend (final) Blend
$11.77M
Owner & transaction history
Ub Boonton I LLC · 12 yrs held
Ub Boonton I LLC
since 2013
7 recorded transactions
2022
Price N/A
2013
$18,350
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C-1 · Boonton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $10.7M +7.4%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 520 Myrtle Ave, Unit 550?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message