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

    1152 State Route 10 Randolph, NJ 07869

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,700 /Mo

    Retail storefront and units available for lease on highway.

    Lot size:
    2.52 Acres

    Property Features for 1152 State Route 10

    General Information

    Property type
    Commercial / Office
    Standard status
    Active
    Lot size
    2.52 Acres

    Building Details

    Year built
    9999

    We can help!

    Listing Contact
    Gary Ribe
    Source: Elliman

    Listing Agent: Gary Ribe

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

    Learn more

    Overview

    Retail Space on Busy Highway

    Located on a busy highway, this property offers a 1000-square-foot storefront and three side-by-side units totaling 3000 square feet within a strip mall. The lease terms specify that tenants are responsible for gas and electric utilities. There are no CAM charges.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Morris
    State
    New Jersey
    Longitude
    -74.623144
    Latitude
    40.860439

    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
    • $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
    • Contact for pricing

      Retail and Office Spaces Available

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

    FAQs

    What type of property is this?
    Strip mall - Retail storefront and units available for lease on highway.
    Where is this strip mall located?
    The property is located at 1152 State Route 10 Randolph, NJ.
    What is the lease rate?
    The lease rate is $1,700 /Mo.
    What are key features of this property?
    This property features: - Prime location on a busy highway; - Large storefront space available (3000'); - Located within a strip mall
    (973) 219-4367
    Request Owner's contact information
    1152 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.
    1152 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
    1152 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!
    Listing Contact
    Gary Ribe
    Real Estate License ID: 123835
    (973) 219-4367 (973) 361-7700
    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!