Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    765 State Route 10 Randolph, NJ 07869

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space in move-in condition with convenient highway access.

    Property size:
    1,335 SF
    Lot size:
    6.20 Acres

    Property Features for 765 State Route 10

    General Information

    Size
    1,335 SF
    Lot size
    6.20 Acres

    We can help!

    Listing Contact
    Helene Elbaum
    Helene Elbaum
    Source: Moodyscre

    Listing Agency: Newmark & Associates, Inc. Listing Agent: Helene Elbaum

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

    Learn more

    Property Insight Report

    Overview

    Move-in Ready Office Space

    This office space, situated within a two-story building encompassing approximately 25,000 square feet and equipped with an elevator, offers a functional layout. The space features a waiting room, a reception area complete with a refreshment bar, and three large private offices. The property benefits from a drive-up covered canopy entry and a prominent window line. Monument signage is available. The location provides convenient access to Route 10 East and West turnaround, and is close to area restaurants, banks, shopping, and the County College of Morris. Furthermore, it offers easy access to Highway Routes 287, 46, 80, and 10. The property is in move-in condition and has a total area of 1,335 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store 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
    -74.59202
    Latitude
    40.859295

    Nearby Similar for Lease

    • $1,700 /Mo
      109,771 SF

      Randolph Retail Space For Lease

      Retail storefront on busy highway, Randolph Twp., NJ.
      1152 State Route 10, Randolph, NJ 07869
      View Details
    • $1,700 /Mo

      Retail Space on Busy Highway

      Retail storefront and units available for lease on highway.
      1152 State Route 10, Randolph, NJ 07869
      View Details
    • $2,850 /Mo
      15,855 SF

      Randolph Office Space For Rent

      Pristine office space in Randolph with flexible layout.
      10 W Hanover Ave, Randolph, NJ 07869
      View Details
    • $2,500 /Mo

      Professional Office Space For Rent

      Professional office space available for rent off Route 10.
      447 State Route 10, Randolph, NJ 07869
      View Details
    • $2,500 /Mo

      Professional Office Space Available

      Professional office space for rent, Route 10 East location.
      447 Route 10, Randolph, NJ 07869
      View Details
    • Contact for pricing
      40,040 SF

      Randolph Warehouse Space Available

      40,040 SF warehouse space with existing racking available for lease.
      5 Aspen Dr, Randolph, NJ 07869
      View Details
    • Contact for pricing
      15,000 SF

      Randolph Industrial Space Available

      15,000 SF industrial space with office component for lease.
      6 Emery Ave, Randolph, NJ 07869
      View Details
    • Contact for pricing

      Flex Industrial Space For Lease

      15,000 SF flex space with direct access to Route 10.
      Randolph, NJ 07869
      View Details
    • Contact for pricing
      1,544 SF

      Randolph Retail Space Available

      Retail space available for lease in Randolph, New Jersey.
      477 State Route 10, Randolph, NJ 07869
      View Details
    • $36,000
      1,570 SF

      Randolph Creative Office Suite

      Turnkey Loft Office, Move-In Ready
      1250 Sussex Tpke, Randolph, NJ 07869
      View Details
    • $22 SF/Yr
      2,308 SF

      Randolph Office Space For Rent

      Office space available for lease in Randolph, New Jersey.
      477 Nj-10, Randolph, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in move-in condition with convenient highway access.
    Where is this office units located?
    The property is located at 765 State Route 10 Randolph, NJ.
    What are key features of this property?
    This property features: - ± 25,000 SF 2 Story Building with Elevator; - Three (3) large private offices; - Easy Access to Highway Routes 287, 46, 80 & 10
    (201) 320-3430 Call to check price and availability
    Request Owner's contact information
    765 State Route 10 Randolph, NJ 07869
    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.
    765 State Route 10
    Randolph, NJ 07869
    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
    765 State Route 10 Randolph, NJ 07869
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Helene Elbaum
    Helene Elbaum
    (201) 320-3430 (973) 884-4444
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!