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    236 Millbrook Ave Randolph, NJ 07869

    Sponsored
    For Sale
    $1,800,000

    Spacious 6,600 sq ft, high-income potential.

    Property size:
    6,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional commercial property, located at 236 Millbrook Ave, Unit 3L, Randolph, NJ, offers 6,600 square feet of meticulously renovated space within a historically significant building. Completed in 2011, the renovation ensured the preservation of the building's character while incorporating modern amenities. The property boasts an abundance of natural light, thanks to its large, attractive windows, creating a bright and welcoming atmosphere ideal for a variety of professional uses. Its suitability for law firms, accounting practices, insurance agencies, or medical offices is particularly noteworthy. Situated on a 1.61-acre lot, this property provides ample space and parking. The current long-term tenants generate a consistent rental income stream, presenting a compelling investment opportunity for an owner-operator seeking to establish their own practice while simultaneously benefiting from passive income. The property's prime location in Randolph, NJ, further enhances its appeal and potential for growth. This is a rare chance to acquire a well-maintained, income-producing commercial property in a desirable location. The building's elegant design and functional layout combine to create a truly exceptional commercial space. The asking price is $1,800,000.

    Property Features for 236 Millbrook Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,600 SF
    Lot Size
    70,132 SF

    Building Details

    Year Built
    1800
    Property Profile Location Intelligence

    Current Use by Public Records

    Law Advocates LLC Law Firm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Morris
    State
    New Jersey
    Longitude
    -74.55714
    Latitude
    40.86426

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious 6,600 sq ft, high-income potential.
    Where is this commercial real estate located?
    The property is located at 236 Millbrook Ave Randolph, NJ.
    What is the asking price?
    The asking price for this property is $1,800,000.
    (973) 598-1200
    Request Owner's contact information
    236 Millbrook Ave Randolph, NJ 07869
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    Randolph, NJ 07869
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    Realmo Value Estimation

    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.

    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.

    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
    236 Millbrook Ave Randolph, NJ 07869
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