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

    11 Middlebury Blvd Randolph, NJ

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    5,000 sq ft warehouse with office space for lease.

    Type:INDUSTRIAL
    Property size:
    5,000 SF
    Lot size:
    4.11 Acres
    Added:
    Feb 21, 2023
    Days on Market:
    1164
    Last Refresh:
    Apr 5 at 10:16 pm

    Property Features for 11 Middlebury Blvd

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    4.11 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 11 Middlebury Blvd Contact us

    We can help!

    Listing Contact
    Ronald Kraft
    Ronald Kraft

    Listing agent Ronald Kraft

    Listing office Allied Realty

    Listing date Feb 21, 2023

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Allied Realty

    Overview

    Randolph Warehouse Space Available

    This property offers 5,000 square feet of warehouse space, including 1,078 square feet of office space. The warehouse features 22-foot ceilings and is equipped with two tailgates for loading. It is available for lease at $9.95 per square foot net, with tax and CAM estimated at approximately $4.23 per square foot as of 2020. The property is located in Randolph, NJ and is expected to be available in the 3rd quarter of 2020.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Graphic Depot Inc Marketing & Advertising Synergy Electric Electrical Service Prospects Baseball & Softball ... Gym & Fitness Center Biomated Solutions LLC Engineering Consultant Nutrition For Longevity/Greater Greens ... Corporate Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • The Armstrong Company — 9 Aspen Dr, Randolph, NJ 07869

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Morris
    State
    New Jersey
    Longitude
    -74.6169
    Latitude
    40.8594

    Nearby Similar for Lease

    • $1,700/Mo

      Randolph Retail Space For Rent

      Storefront in strip mall on busy highway, Randolph Township, NJ.
      1152 State Route 10, Randolph Twp., NJ 07869-1823
      View Details
    • $2,850/Mo

      Randolph Office Space For Rent

      Pristine office space in Randolph with flexible layout.
      10 W HANOVER AVE Suite 106, Randolph Twp., 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 Twp., NJ 07869
      View Details
    • $2,500/Mo

      Professional Office Space Available

      Professional office space for rent, Route 10 East location.
      447 Route 10 #2, Randolph Township, NJ 07869
      View Details
    • $22 SF/Yr

      Randolph Retail Space Available

      Retail space available for lease in Randolph, New Jersey.
      477 State Rte 10, Randolph, NJ
      View Details
    • Contact for pricing

      Randolph Warehouse Space Available

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

      Randolph Industrial Space Available

      15,000 SF industrial space with office component for lease.
      6 Emery Ave, Randolph, NJ
      View Details
    • $5,000/Mo

      Retail and Office Spaces Available

      Prime Randolph location with retail and office spaces for lease.
      246 State Route 10, Randolph Township, NJ 07869
      View Details
    • Contact for pricing

      Retail Space in Randolph Center

      Retail space available at a 4-way traffic light intersection.
      2 W Hanover Ave, Randolph, NJ
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,000 sq ft warehouse with office space for lease.
    Where is this warehouse located?
    The property is located at 11 Middlebury Blvd Randolph, NJ.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 5,000 sq ft space with **1,078 sq ft of office space**; **High ceilings (22’ height)**; Available in the 3rd Quarter of 2020
    (973) 575-8410 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ronald Kraft
    Ronald Kraft
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!