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    156 Algonquin Pkwy Whippany, NJ 07981

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    For Lease
    Contact for pricing

    15,200 SF industrial space with 2,561 SF office.

    Property size:
    17,761 SF
    Lot size:
    1.48 Acres

    Property Features for 156 Algonquin Pkwy

    General Information

    Size
    17,761 SF
    Lot size
    1.48 Acres

    Source: Newmark | East Brunswick Agent Michael F. Schipper

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

    Overview

    Industrial Space with Office

    This property offers 15,200 square feet of industrial space, complemented by 2,561 square feet of office space, available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gym-Jitsu Mobile Martial ... Martial Arts Club Whippany Boxing Boxing Gym MooShim Tae Kwon ... Martial Arts School semper fitness Physical Fitness Program

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply 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
    Whippany
    County
    Morris
    State
    New Jersey
    Longitude
    -74.391679
    Latitude
    40.8257823

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    FAQs

    What type of property is this?
    Warehouse - 15,200 SF industrial space with 2,561 SF office.
    Where is this warehouse located?
    The property is located at 156 Algonquin Pkwy Whippany, NJ.
    What are key features of this property?
    This property features: - 15,200 SF Industrial Space available.; - Includes 2,561 SF Office Space.; - Space Available for Lease.
    (973) 936-4173
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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
    156 Algonquin Pkwy Whippany, NJ 07981
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