Sign Up Successful!
You now have access to more from Realmo!
    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

    464 Ridgedale Ave East Hanover, NJ 07936

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,900 /Mo

    Ground floor retail space with ample parking and natural light.

    Lot size:
    1.02 Acres

    Property Features for 464 Ridgedale Ave

    General Information

    Standard status
    Active
    Lot size
    1.02 Acres

    Building Details

    Year built
    1990

    We can help!

    Listing Contact
    RYAN PALIANTO
    Source: Corcoran

    Listing Agent: RYAN PALIANTO

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

    Learn more

    Property Insight Report

    Overview

    East Hanover Retail Space Available

    This ground floor retail space is located in East Hanover. Situated in the back of the building, the space benefits from ample parking and natural light. The location experiences a high volume of local foot traffic, enhanced by its proximity to a well-established local restaurant. The layout includes a waiting area, two private offices, one private bathroom, and two storage areas. A very spacious area is also included, suitable for various purposes such as Yoga or Pilates. Zoned B-1, the property accommodates a wide range of business types.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Decoded: A Multi-Sensory Learning ... Learning Center

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hanover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3580589
    Latitude
    40.8273609

    Nearby Similar for Lease

    • $6,300 /Mo
      20,000 SF

      East Hanover Flex Space Available

      Versatile flex unit with warehouse and office/showroom space for rent.
      299 Ridgedale Ave, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      4,640 SF

      Former Bank Building For Lease

      Prime commercial space with high visibility and versatile layout.
      426 Ridgedale Ave, East Hanover, NJ 07936
      View Details
    • $1,295 /Mo
      30,492 SF

      Renovated Office Space For Rent

      Prime, renovated office space in a sought-after location.
      435 Ridgedale Ave, East Hanover, NJ 07936
      View Details
    • Contact for pricing

      Prime Retail Space in East Hanover

      Exceptional retail space with high visibility in a bustling area.
      405 Nj State Rte, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      4,000 SF

      Route 10 Retail Space Available

      Prime East Hanover Retail Space - 2,400 SF
      58-62 Rte 10, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      24,000 SF

      Route 10 Retail Center - East Hanover, NJ

      Prime Retail Space Available, Morris County
      320 Nj-10, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      12,000 SF

      Renovated Manufacturing Facility For Lease

      Renovated 12,000 SF manufacturing facility with climate control.
      19 West St, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      48,235 SF

      East Hanover Warehouse Space Available

      48,235 SF warehouse with 8,250 SF mezzanine office.
      31 Faranella Dr, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      113,462 SF

      East Hanover Warehouse Space Available

      314,413 SF warehouse divisible to 87,194 SF for lease.
      11 Mount Pleasant Ave, East Hanover, NJ 07936
      View Details
    • $24 SF/Yr
      8,500 SF

      Retail Space on Ridgedale Avenue

      Retail space available in East Hanover with abundant parking.
      476 Ridgedale Ave, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      2,000 SF

      East Hanover Warehouse Space Available

      Warehouse spaces with overhead doors and HVAC in East Hanover.
      12 Littell Rd, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      11,424 SF

      East Hanover Retail Space Available

      Retail space for lease in East Hanover Plaza.
      156 Rte, East Hanover, NJ
      View Details

    FAQs

    What type of property is this?
    Retail space - Ground floor retail space with ample parking and natural light.
    Where is this retail space located?
    The property is located at 464 Ridgedale Ave East Hanover, NJ.
    What are key features of this property?
    This property features: - High foot traffic location next to a popular restaurant.; - Versatile space suitable for various businesses due to B-1 zoning.; - Spacious area ideal for Yoga or Pilates.
    (973) 461-3118
    Request Owner's contact information
    464 Ridgedale Ave East Hanover, NJ 07936
    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.
    464 Ridgedale Ave
    East Hanover, NJ 07936
    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
    464 Ridgedale Ave East Hanover, NJ 07936
    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

    We can help!
    Listing Contact
    RYAN PALIANTO
    (973) 461-3118
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.