Office Building for
891 Tabor Road Morris Plains, NJ 07950
891 Tabor Road, Morris Plains, NJ, 07950
$875,000
For Sale
$875,000
For sale office building totaling 3,405 SF at 891 Tabor Road in Morris Plains, NJ.
Property Size3,405 SF
Price / SF$256.98
Days on Market8
Property Features for 891 Tabor Road
General Information
- Standard status
- Active
- Size
- 3,405 SF
- Property subtype
- Office
Building Details
- Year Built
- 1952
Listing Agency
Lee & Associates | Whippany
(973) 214-9733
Listed by
Erica Davidson
(973) 214-9733
Source
Lee-associates
Added: Jul 10 Checked: Jul 17 at 4:40 am
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 Lee & Associates | Whippany
Investment Insights
Based on property information with market context.
This for-sale office building offers a total of 3,405 SF and is presented at 891 Tabor Road, Morris Plains, NJ 07950. The offering is structured for parties seeking an office property with an established building size.
The building is listed for $875,000. Additional details such as interior layout, condition, and tenancy were not provided in the information available.
The building is listed for $875,000. Additional details such as interior layout, condition, and tenancy were not provided in the information available.
Key Highlights
- Office building for sale at 891 Tabor Road, Morris Plains, NJ
- Total building size: 3,405 SF
- Year built: 1952
Local Financial Insights For Office B
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 | $102.2k | $30.00 |
| − Vacancy | −$32.7k | −$9.60 |
| EGI | $69.5k | $20.40 |
| − OpEx | −$17.4k | −$5.10 |
| NOI | $52.1k | $15.30 |
3,405 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$744.2K
$651.2K – $868.3K
NOI $52,097 @ 7.0% cap · market cap 5.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$889.1K
$778.0K – $1.04M
NOI $62,238 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - For sale office building totaling 3,405 SF at 891 Tabor Road in Morris Plains, NJ.
Where is this office building located?
The property is located at 891 Tabor Road Morris Plains, NJ.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Office building for sale at 891 Tabor Road, Morris Plains, NJ; Total building size: 3,405 SF; Year built: 1952
