Light Industrial Flex
For Sale
Contact for pricing
1152 State Route 10, Randolph, NJ 07869
Flex space with separate door and garage door access, offering multiple permitted uses.
Property Size1,000 SF
Price / SF$1.50
Days on Market60
Property Features for 1152 State Route 10
General Information
Standard status
Active
Size
1,000 SF
Listing Agency:
RE/MAX TOWN & VALLEY II
Listed By:
GARY RIBE · License #123835
(973) 219-4367
Source:
Sheeranrealestate
Added: Aug 18
Changed: Oct 5
Last Checked: Oct 16 at 1:28PM
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 RE/MAX TOWN & VALLEY II
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Investment Insights
Based on property information with market context.
This light industrial flex space provides approximately 1000' of usable area with both a standard door and a garage door entrance. The property supports multiple permitted uses and is located at 1152 State Route 10 in Randolph Township, New Jersey.
No CAM charges apply. Gas and electric are paid by the tenant.
No CAM charges apply. Gas and electric are paid by the tenant.
Key Highlights
- 1000' light industrial flex space
- Standard door and garage door entrances
- Multiple permitted uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,224
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,480
$224.5K
Cap Rate 7%
$160,343
$160.3K
Cap Rate 9%
$124,711
$124.7K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$17.0K $17.04/SF
− Vacancy
−$1.0K −$1.01/SF
EGI
$16.0K $16.03/SF
− OpEx
−$4.8K −$4.81/SF
NOI
$11.2K $11.22/SF
Area
Morris County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$224,480
Cap Rate 7%
$160,343
Cap Rate 9%
$124,711
Alternative Uses
Best Use
Flex RnD
$225.6K
$197.4K – $263.3K
NOI $15,795 @ 7.0% cap · market cap 1,053.00%
Second Best
Industrial
$160.3K
$140.3K – $187.1K
NOI $11,224 @ 7.0% cap · market cap 748.27%
Theoretical Best
Office A
$261.1K
$228.5K – $304.6K
NOI $18,278 @ 7.0% cap · market cap 1,218.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07869, NJ
25,993
Population
9,124
Households
2.8
Avg Household Size
41
Median Age
69%
College-Educated
96%
High-School Grad
20.1 sq mi
ZIP Area
1,293
Density / Sq Mi
$170,862
Median Household Income
$80,799
Median Earnings
$1,772
Median Rent
$636,400
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 Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with separate door and garage door access, offering multiple permitted uses.
Where is this flex space located?
The property is located at 1152 State Route 10 Randolph, NJ.
What are key features of this property?
This property features: 1000' light industrial flex space; Standard door and garage door entrances; Multiple permitted uses
