First-Floor Private Office
For Sale
Contact for pricing
10 Fairmount Ave, Chatham, NJ 07928
First-floor private office with a private waiting area within a four-office suite.
Property Size288 SF
Price / SF$2.69
Days on Market186
Property Features for 10 Fairmount Ave
General Information
Standard status
Active
Size
288 SF
Amenities
additional waiting area
restroom
kitchenette
storage space
natural light
no steps
Building Details
Year Built
1940
Listing Agency:
DRISCOLL REAL ESTATE LLC
Listed By:
SUSAN DRISCOLL
(973) 635-7272
Source:
Luminancerealty
Added: Apr 24
Changed: Oct 26
Last Checked: Oct 5 at 11:45PM
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 DRISCOLL REAL ESTATE LLC
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Investment Insights
Based on property information with market context.
Unit 1 is a professional office suite featuring a private office and a private waiting area, arranged as two rooms. The office is on the first floor and includes natural light. Entry to both the building and the suite is step-free, supporting easy access for clients and occupants.
The unit is part of a four-office suite and provides access to shared amenities, including an additional waiting area, restroom, kitchenette, and storage space.
The layout is designed to balance privacy and functionality within a small, multi-office setting.
The unit is part of a four-office suite and provides access to shared amenities, including an additional waiting area, restroom, kitchenette, and storage space.
The layout is designed to balance privacy and functionality within a small, multi-office setting.
Key Highlights
- First‑floor private office plus private waiting area within a four‑office suite
- Office includes two rooms approximately 12' x 14' and 12' x 10' with natural light
- Shared suite amenities include additional waiting area, restroom, kitchenette, and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,288
Suggested Prices Based on Cap Rates
Cap Rate 5%
$85,760
$85.8K
Cap Rate 7%
$61,257
$61.3K
Cap Rate 9%
$47,644
$47.6K
Market Conditions
NOI Build-Up for 288 SF
Gross rent
$7.6K $26.40/SF
− Vacancy
−$456 −$1.58/SF
EGI
$7.1K $24.82/SF
− OpEx
−$2.9K −$9.93/SF
NOI
$4.3K $14.89/SF
Area
Morris County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$85,760
Cap Rate 7%
$61,257
Cap Rate 9%
$47,644
Alternative Uses
Best Use
Office B
$62.9K
$55.1K – $73.4K
NOI $4,406 @ 7.0% cap · market cap 568.52%
Second Best
Healthcare Medical
$61.3K
$53.6K – $71.5K
NOI $4,288 @ 7.0% cap · market cap 553.29%
Theoretical Best
Office A
$75.2K
$65.8K – $87.7K
NOI $5,264 @ 7.0% cap · market cap 679.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Explore this area
Business Placement
Demographics for 07928, NJ
19,778
Population
6,837
Households
2.9
Avg Household Size
42
Median Age
83%
College-Educated
99%
High-School Grad
9.3 sq mi
ZIP Area
2,127
Density / Sq Mi
$236,000
Median Household Income
$101,563
Median Earnings
$2,441
Median Rent
$965,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor private office with a private waiting area within a four-office suite.
Where is this office unit located?
The property is located at 10 Fairmount Ave Chatham, NJ.
What are key features of this property?
This property features: First‑floor private office plus private waiting area within a four‑office suite; Office includes two rooms approximately 12' x 14' and 12' x 10' with natural light; Shared suite amenities include additional waiting area, restroom, kitchenette, and storage space
