Your AI Navigator in Commercial Real Estate
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

    800-830 Morris Tpke Short Hills, NJ

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $32 SF/Yr ($3,210 /Mo)

    83,430 SF office building with covered parking.

    Property size:
    1,204 SF
    Lot size:
    3.29 Acres

    Property Features for 800-830 Morris Tpke

    General Information

    Size
    1,204 SF
    Lot size
    3.29 Acres

    We can help!

    Listing Contact
    Jason M. Crimmins
    Source: Moodyscre

    Listing Agent: Jason M. Crimmins

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

    Learn more

    Overview

    Modern Office Building For Lease

    This is an 83,430 square foot, four-story office building situated on 3.57 acres. The building features two elevators providing access to all floors. Parking is abundant, with a ratio of 4 spaces per 1,000 square feet. Covered parking is available. On-site management is provided. The building has a new energy-efficient HVAC Daikin system and a new Kastle secured building system featuring Bluetooth hands-free door access 24/7. The property includes a roof solar system and plans for future EV car charging stations. Off-site amenities include a fitness center, child day care, restaurants, and banks.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Short Hills
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2971543
    Latitude
    40.727549

    Nearby Similar for Lease

    • $0.24 SF/Yr
      15,832 SF

      Short Hills Office Space

      Prime Essex County office suites, flexible options.
      830 Morris Tpke, Short Hills, NJ 07078
      View Details
    • Contact for pricing
      3,419 SF

      Retail Space in Short Hills

      Retail space available with ample parking and easy highway access.
      720-750 Morris Tpke, Short Hills, NJ
      View Details
    • Contact for pricing
      1,241 SF

      Retail Space in Short Hills

      Retail space for lease in a densely populated area.
      688-700 Morris Tpke, Short Hills, NJ
      View Details
    • Contact for pricing
      17,189 SF

      Six-Story Office Building Available

      195,000-SF office building on a 14.95-acre campus.
      101 John F Kennedy Pkwy, Short Hills, NJ
      View Details
    • Contact for pricing
      1,088 SF

      Short Hills Office Space Available

      Office space for lease in Short Hills, New Jersey.
      51 Jfk Pkwy, Short Hills, NJ
      View Details
    • Contact for pricing
      3,520 SF

      Short Hills Office Space Available

      Office space for lease at 150 JFK Pkwy, Short Hills.
      150 Jfk Pkwy, Short Hills, NJ
      View Details
    • Contact for pricing
      6,200 SF

      Short Hills Office Space

      6,200 SF office space available for rent.
      505 Millburn Ave, Short Hills, NJ 07041
      View Details

    FAQs

    What type of property is this?
    Office building - 83,430 SF office building with covered parking.
    Where is this office building located?
    The property is located at 800-830 Morris Tpke Short Hills, NJ.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: - New Kastle Secured Building featuring Bluetooth hands free door access 24/7; - New Energy Efficient HVAC Daikin System; - Abundant covered parking
    (973) 379-6644
    Request Owner's contact information
    800-830 Morris Tpke Short Hills, NJ
    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.
    800-830 Morris Tpke
    Short Hills, NJ
    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
    800-830 Morris Tpke Short Hills, NJ
    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
    Jason M. Crimmins
    (973) 379-6644
    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.