Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Mill Ridge Lane Chester, NJ 7930

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-story, 16,000 SF office building with high-end finishes.

    Type:Office
    Property size:
    16,000 SF
    Added:
    Jan 27, 2026
    Days on Market:
    67
    Last Refresh:
    Nov 17 at 12:25 pm

    Property Features for 1 Mill Ridge Lane

    General Information

    Standard status
    Active
    Size
    16,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    2005

    Spaces For Lease

    at 1 Mill Ridge Lane Contact us

    We can help!

    Listing Contact
    Joseph Vindigni

    Listing agent Joseph Vindigni

    Listing office

    Listing date Jan 27, 2026

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Joseph Vindigni

    Overview

    Remodeled Office Building with Elevator

    This 16,000 square foot office building features two floors and an elevator. The suites have been newly remodeled with high-end interior finishes. The building is wired with fiber and offers a parking ratio of 4 spaces per 1,000 square feet. The property is part of a professionally landscaped campus with professionally maintained common areas. It is located on the corner of Route 24, near restaurants, banks, and other retail businesses.
    Location Intelligence

    Current Use by Public Records

    Andrew Lima, PsyD Physician Alexa Vernola Counselor Adsorbed Natural Gas ... Corporate Office Tyler Zaborsky Independent ... Insurance Agency The Law Office of Michael ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Morris
    State
    New Jersey
    Longitude
    -74.7035
    Latitude
    40.7823

    Nearby Similar for Lease

    • Contact for pricing

      Route 206 Retail Opportunity

      Updated retail building on Route 206 with high visibility.
      Chester Twp., NJ 07930-2012
      View Details
    • $24/mo

      Office Building in Historic Chester

      Office spaces available for lease in a three-story building.
      4 Mill Ridge Lane, Chester, NJ 07930
      View Details
    • Contact for pricing

      First Floor Office Unit

      First floor office unit with conference room and offices.
      32 Collis Lane, Chester Boro, NJ 07930
      View Details
    • Contact for pricing

      Chester Office Space Available Now

      Office space in Chester Woods Professional Park available for rent.
      385 State Route 24, Chester Twp., NJ 07930
      View Details
    • $24/mo

      Modern Office Space in Chester

      Office space for lease in historic Chester, New Jersey.
      2-4 Mill Ridge Ln, Chester, NJ
      View Details
    • Contact for pricing

      Office Space in Chester Boro

      2,200 sq. ft. office space in a high-visibility complex.
      95 W Main St, Chester Boro, NJ 07930
      View Details
    • Contact for pricing

      Garage/Shop with Loft Space

      2200 SF garage with loft space for rent.
      84 Route206, Chester Boro, NJ 07930
      View Details
    • $18/mo

      Office Suites Available For Rent

      Office suites for lease at $18 PSF plus CAM.
      31 Fairmount Ave, Chester, NJ 07930
      View Details
    • Contact for pricing

      Commercial Space in Chester Boro

      First-floor storefront suitable for art studio, office, retail, and more.
      28 MAIN ST, Chester Boro, NJ 07930-2534
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story, 16,000 SF office building with high-end finishes.
    Where is this office building located?
    The property is located at 1 Mill Ridge Lane Chester, NJ.
    What are key features of this property?
    This property features: Newly remodeled suites with high‑end interior finishes.; 16,000 SF building with two floors and elevator.; 4:1000 parking ratio.
    (973) 463-1011
    We can help!
    Listing Contact
    Joseph Vindigni
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!