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

    10 Fairmount Ave Chatham, NJ 07928

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $850 /Mo

    Professional office suite for rent in downtown Chatham.

    Lot size:
    0.11 Acres

    Property Features for 10 Fairmount Ave

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.11 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Susan Driscoll
    Source: Elliman

    Listing Agency: DRISCOLL REAL ESTATE LLC Listing Agent: Susan Driscoll

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

    Learn more

    Overview

    Downtown Chatham Office Suite Available

    A professional office suite is available for rent in downtown Chatham Boro, situated steps from the NJ Transit train station and bus stop. The location offers convenient access to downtown restaurants, shops, the library, and the town hall. The suite comprises three offices, a waiting room, and shared access to two bathrooms. Several lease options are available for one, two, or three of the offices. The suite is currently occupied by a psychologist.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Morris
    State
    New Jersey
    Longitude
    -74.383833
    Latitude
    40.7405293

    Nearby Similar for Lease

    • $1,300 /Mo
      3,000 SF

      Chatham Boro Commercial Space

      Commercial space in Chatham Boro, steps from NYC transit.
      346 Main St, Chatham, NJ 07928
      View Details
    • $750 /Mo
      4,792 SF

      Chatham Boro Office Space

      Private office in downtown Chatham Boro, close to transportation.
      10 Fairmount Ave, Chatham, NJ 07928
      View Details
    • $850 /Mo
      4,792 SF

      Chatham Boro Professional Office Suite

      Professional office suite in downtown Chatham Boro, near transit.
      10 Fairmount Ave, Chatham, NJ 07928
      View Details
    • $750 /Mo

      Downtown Chatham Borough Office Space

      Private office in downtown Chatham, near shops and transportation.
      10 Fairmount Ave, Chatham, NJ 07928
      View Details
    • $2,450 /Mo

      Updated Office Suite in Chatham

      Second floor office suite in historic Chatham building for rent.
      186 Main St, Chatham, NJ 07928
      View Details
    • $1,300 /Mo
      3,000 SF

      Chatham Borough Office/Retail Space

      Second floor suite suitable for office, retail, or medical use.
      346 Main St, Chatham, NJ 07928
      View Details
    • $750 /Mo

      Downtown Chatham Borough Office Space

      Private office in downtown Chatham, close to transit and amenities.
      10 Fairmount Ave, Chatham, NJ 07928
      View Details
    • Contact for pricing

      Chatham Office Space For Rent

      750 SF office space in the heart of Chatham.
      434 Main St, Chatham, NJ 07928
      View Details
    • $850 /Mo

      Downtown Chatham Boro Office Suite

      Professional office suite in downtown Chatham, near transit and amenities.
      10 Fairmount Ave, Chatham, NJ 07928
      View Details
    • $2,450 /Mo

      Updated Office Space in Chatham

      Second-floor office suite in historic building, Chatham Borough.
      186 Main St, Chatham, NJ 07928
      View Details
    • Contact for pricing
      2,601 SF

      Renovated Retail Center in Chatham

      Community center anchored by CVS Pharmacy in affluent Chatham, NJ.
      465 Main St, Chatham, NJ 07928
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suite for rent in downtown Chatham.
    Where is this office units located?
    The property is located at 10 Fairmount Ave Chatham, NJ.
    What is the lease rate?
    The lease rate is $850 /Mo.
    What are key features of this property?
    This property features: - Prime location in downtown Chatham Boro.; - Steps from NJ Transit train station and bus stop.; - Walking distance to restaurants, shops, library, and town hall.
    (973) 635-7272
    Request Owner's contact information
    10 Fairmount Ave Chatham, NJ 07928
    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.
    10 Fairmount Ave
    Chatham, NJ 07928
    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
    10 Fairmount Ave Chatham, NJ 07928
    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!
    Listing Contact
    Susan Driscoll
    (973) 635-7272
    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!