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    178 Main St Madison, NJ 07940

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    For Lease
    $25 SF/Yr ($10,500 /Mo)

    Two-story office building with elevator and ample parking.

    Property size:
    5,040 SF
    Lot size:
    0.59 Acres

    Property Features for 178 Main St

    General Information

    Size
    5,040 SF
    Lot size
    0.59 Acres

    Source: Avison Young | Morristown Agent Marc S. Krieger

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

    Overview

    Colonial Style Office Building

    This property features an attractive colonial-style facade and is the sister building to 180 Main Street. The building includes two floors accessible by an elevator. Operable windows are present throughout the building. Multiple package HVAC units are installed, and the building is fully sprinklered. Ample parking is available for tenants and visitors. The photos for this property were last updated in October 2021. The property has a size of 5,040 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Madison
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4087072
    Latitude
    40.7552206

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    FAQs

    What type of property is this?
    Office building - Two-story office building with elevator and ample parking.
    Where is this office building located?
    The property is located at 178 Main St Madison, NJ.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Ample parking available for tenants and visitors.; - Benefit from the convenience of an elevator.; - Operable windows let in fresh air and natural light.
    (201) 805-4875
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    178 Main St Madison, NJ 07940
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    Madison, NJ 07940
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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
    178 Main St Madison, NJ 07940
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