Office Building Near Retail
9 Mt Pleasant Tpke Denville, NJ 07834
For Sale
Contact for pricing
10,000 sf office building off Route 10E, directly across from the Shoppes at Union Hill with Starbucks and Trader Joe’s.
Property Size10,000 SF
Price / SF$185
Days on Market996
Property Features for 9 Mt Pleasant Tpke
General Information
Standard status
Active
Size
10,000 SF
Property subtype
OFFICE
Listing Agency:
Amerisource Realty Network LLC
(973) 265-2826
Listed By:
Katherine Shannon
Source:
Moodyscre
Added: Nov 6, 2023
Changed: Jul 25
Last Checked: Jul 28 at 4:19PM
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 Amerisource Realty Network LLC
Investment Insights
Based on property information with market context.
This for-sale office building offers approximately 10,000 square feet and is positioned for straightforward occupancy and workplace use. The property is located at 9 Mt Pleasant Tpke in Denville, New Jersey.
Access is convenient, as the building sits right off Route 10E. It also benefits from its immediate retail adjacency, positioned across the street from the Shoppes at Union Hill, which includes Starbucks and Trader Joe’s.
For details or to schedule a tour, contact the listing team.
Access is convenient, as the building sits right off Route 10E. It also benefits from its immediate retail adjacency, positioned across the street from the Shoppes at Union Hill, which includes Starbucks and Trader Joe’s.
For details or to schedule a tour, contact the listing team.
Key Highlights
- 10,000 SF office building for sale in Denville, NJ
- Located right off Route 10E
- Directly across the street from the Shoppes at Union Hill, including Starbucks and Trader Joe’s
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 | $300.0k | $30.00 |
| − Vacancy | −$96.0k | −$9.60 |
| EGI | $204.0k | $20.40 |
| − OpEx | −$51.0k | −$5.10 |
| NOI | $153.0k | $15.30 |
10,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.19M
$1.91M – $2.55M
NOI $153,000 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.05M
NOI $182,784 @ 7.0% cap · market cap 9.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 10,000 sf office building off Route 10E, directly across from the Shoppes at Union Hill with Starbucks and Trader Joe’s.
Where is this office building located?
The property is located at 9 Mt Pleasant Tpke Denville, NJ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 10,000 SF office building for sale in Denville, NJ; Located right off Route 10E; Directly across the street from the Shoppes at Union Hill, including Starbucks and Trader Joe’s
