Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kinnelon Commercial Asset For Sale Title is generated by Realmo AI

    17 Kiel Ave, Butler, NJ 07405

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $999,000

    Signature commercial building in Kinnelon's business district with diverse income.

    Type:Commercial
    Property size:
    7,368 SF
    Lot size:
    0.67 Acres
    Price / SF:
    $135/SF
    Added:
    Jan 21, 2026
    Days on Market:
    120
    Last Refresh:
    Apr 5 at 9:03 pm

    Property Features for 17 Kiel Ave

    General Information

    Standard status
    Active
    Size
    7,368 SF
    Lot size
    0.67 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1963

    We can help!

    Listing Contact
    KRISTEN DELEO

    Listing agent KRISTEN DELEO

    Listing office REALTY EXECUTIVES EXCEPTIONAL

    Listing date Jan 21, 2026

    Source Corcoran

    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 REALTY EXECUTIVES EXCEPTIONAL

    HighLights

    • Prime location in the heart of Kinnelon's exclusive commercial district.
    • Exceptional parking with 42 dedicated spaces.
    • Adaptable footprint, configured as 4 suites with potential for 8+ units.
    • Diverse income stream from professional services tenants.
    • Medical‑ready infrastructure, previously a medical building.
    • Wheelchair‑accessible elevator.

    Overview

    This commercial property is located in Kinnelon's business district. The building, currently configured as 4 office suites, has an adaptable footprint that could yield 8 or more individual units. The property currently serves a mix of professional services, including physical therapy, accounting, yoga/wellness, and counseling. Historically utilized as a medical building, the property features infrastructure suitable for healthcare practitioners. A wheelchair-accessible elevator provides accessibility. The property includes a private lot with 42 parking spaces. Kinnelon is known for its high-end residential community and limited commercial zoning, potentially ensuring long-term demand. The property offers prime visibility and easy access for the local community. The property size is 7368 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3422
    Latitude
    41.0014

    Nearby Similar for Sale

    • $895,000

      Unique Two-Family Residence with Pool

      Rare, meticulously maintained two-family home with pool and flexible layout.
      60 Belleview Ave, Butler Boro, NJ 07405-1467
      View Details
    • $689,900

      Fully Occupied Triplex in Butler

      Rare, renovated triplex near downtown Butler, generating $5,700 monthly.
      25 Kiel Ave, Butler Boro, NJ 07405-1393
      View Details
    • $139,000

      Kinnelon Office Condo Investment

      Prime office condo in Kinnelon Professional Complex. Fully rented.
      170 Kinnelon Rd - 5/5M/5T, Kinnelon Boro, NJ 07405
      View Details
    • $850,000

      Spacious Kinnelon Ranch on Acreage

      Expansive 4-bedroom ranch on an acre near Route 23.
      6 Seabert Lane, Kinnelon Borough, NJ 07405
      View Details
    • $49,000

      Kinnelon Office Condo For Sale

      Office condo in Kinnelon Professional Complex, ideal for investors/owner-occupants.
      170 Kinnelon Rd-Unit 19/19A, Kinnelon Boro, NJ 07405
      View Details
    • $1,250,000
      7,914 SF

      Commercial Property in Butler Boro

      Commercial property for sale in Butler Boro, New Jersey.
      1375 State Rt 23, Butler Boro, NJ 07405-1733
      View Details
    • $49,000

      Kinnelon Office Condo For Sale

      Office condo in Kinnelon Professional Complex, ideal for investors/owner-occupants.
      170 Kinnelon Rd - Unit 18, Kinnelon Boro, NJ 07405
      View Details
    • $109,000

      Kinnelon Boro Office Condo

      First-floor office condo with full bath and ample parking.
      170 Kinnelon Rd - Unit 25, Kinnelon Boro, NJ 07405
      View Details
    • $110,000
      900 SF

      Kinnelon Office Condo For Sale

      Third-floor office condo in a professional building with elevator.
      15 Kiel Ave, Kinnelon Boro, NJ 07405
      View Details
    • $689,900

      Butler Triplex with Income Potential

      Fully occupied triplex in prime location near downtown Butler.
      25 Kiel Ave, Butler, NJ 07405-1393
      View Details
    • $890,000
      1,300 SF

      Renovated Two-Family Home

      Renovated two-family home in a desirable neighborhood with easy access.
      116 Kiel Avenue, Butler, NJ 07405
      View Details
    • $529,000
      5,326 SF

      Main Street Mixed-Use Building

      Three-story mixed-use building with development potential in Butler, NJ.
      154 Main St, Butler, NJ 07405
      View Details

    FAQs

    What type of property is this?
    Office building - Signature commercial building in Kinnelon's business district with diverse income.
    Where is this office building located?
    The property is located at 17 Kiel Ave Butler, NJ.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: Prime location in the heart of Kinnelon's exclusive commercial district.; Exceptional parking with 42 dedicated spaces.; Adaptable footprint, configured as 4 suites with potential for 8+ units.
    (973) 838-6990
    We can help!
    Listing Contact
    KRISTEN DELEO
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    17 Kiel Ave, Kinnelon Boro, NJ 07405
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!