500 Route 10, Whippany, NJ 07981
8,000+/- SF building on Route 10 with high visibility.
- Added:
- May 2, 2023
- Days on Market:
- 1136
- Last Refresh:
- Apr 5 at 8:32 pm
Property Features for 500 Route 10
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Lot size
- 0.46 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing agent LOIS DECARO
Listing office FATHOM REALTY NJ (888) 455-6040
Listing date May 2, 2023
Source Corcoran
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HighLights
- Prime high traffic location at a traffic light intersection with great visibility on Rt. 10
- 8000 +/- square feet freestanding building suitable for renovation
- Close proximity to routes 80, 287, 280, 24, and 46
- B‑10 zone permits many retail and office uses
- Previous bank location with vault
- Possibility for 28 parking spaces
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.8k | $21.60 |
| − Vacancy | −$9.7k | −$1.21 |
| EGI | $163.1k | $20.39 |
| − OpEx | −$40.8k | −$5.10 |
| NOI | $122.3k | $15.29 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Whippany
- County
- Morris
- State
- New Jersey
- Longitude
- -74.4194
- Latitude
- 40.8211
