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    2 W Hanover Ave Randolph, NJ 07869

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    For Lease
    Contact for pricing

    Retail space available at a 4-way traffic light intersection.

    Property size:
    8,400 SF
    Lot size:
    15.61 Acres

    Property Features for 2 W Hanover Ave

    General Information

    Size
    8,400 SF
    Lot size
    15.61 Acres

    Source: RIPCO Real Estate - New Jersey Agent Deborah Stone

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

    Overview

    Retail Space in Randolph Center

    This 8,400 square foot retail space is located at a 4-way traffic light intersection in the center of Randolph, NJ. The location benefits from significant traffic volume, with Sussex Turnpike recording an Average Annual Daily Traffic (AADT) count of 18,668 and West Hanover Avenue registering 8,504 AADT.
    Insight Report Location Intelligence

    Current Use by Public Records

    Edward J. Smith Dentist Estetica Hair Design Beauty Salon Curtis Hardenburg - State ... Insurance Agency Dr. Michelle H. ... Neuropsychologist Indigo Healing Hands ... Psychic

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Morris
    State
    New Jersey
    Longitude
    -74.5678779
    Latitude
    40.8266192

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    FAQs

    What type of property is this?
    Retail space - Retail space available at a 4-way traffic light intersection.
    Where is this retail space located?
    The property is located at 2 W Hanover Ave Randolph, NJ.
    What are key features of this property?
    This property features: - High traffic intersection with 18,668 AADT on Sussex Turnpike.; - Located in the center of town.; - Intersection includes a 4-way traffic light.
    (201) 777-2300
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    2 W Hanover Ave Randolph, NJ 07869
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    Randolph, NJ 07869
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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
    2 W Hanover Ave Randolph, NJ 07869
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