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    253 Rte, Unit 10 East Hanover, NJ

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    For Lease
    $21 SF/Yr ($6,125 /Mo)

    Stand-alone retail building with parking and signage opportunities.

    Property size:
    3,500 SF
    Lot size:
    0.49 Acres

    Property Features for 253 Rte

    General Information

    Size
    3,500 SF
    Lot size
    0.49 Acres

    Source: Meridian Capital Group Agent Adam Matloff

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

    Overview

    Retail Building with Large Parking

    This stand-alone retail building features a new roof and offers ample parking both on-site and in the rear. A significant signage opportunity is available on Route 10. The property is situated in a strong retail corridor with national tenants. The property size is 3,500 square feet.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    East Hanover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.36974
    Latitude
    40.819271

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    FAQs

    What type of property is this?
    Retail space - Stand-alone retail building with parking and signage opportunities.
    Where is this retail space located?
    The property is located at 253 Rte, Unit 10 East Hanover, NJ.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: - Stand-alone building; - Large on-site and rear parking; - New roof
    (212) 972-3600
    Request Owner's contact information
    253 Rte, Unit 10 East Hanover, NJ
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    East Hanover, NJ
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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
    253 Rte, Unit 10 East Hanover, NJ
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