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

    170 Kinnelon Rd, Unit 18 Butler, NJ 07405

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $550 /Mo

    Office condo for rent in Kinnelon Professional Complex.

    Lot size:
    0.01 Acres

    Property Features for 170 Kinnelon Rd

    General Information

    Standard status
    Active
    Lot size
    0.01 Acres

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Walter Weiss
    Source: Corcoran

    Listing Agency: KELLER WILLIAMS PROSPERITY REALTY Listing Agent: Walter Weiss

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

    Learn more

    Overview

    Kinnelon Professional Complex Office Condo

    This is an opportunity to rent an office condo in the Kinnelon Professional Complex on Kinnelon Rd. Unit 18 offers approximately 360 square feet of space and includes a half bath. The location provides convenient access to Routes 23 and 287. Ample parking is available.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Auto Repair Shop Hair Salon Gym & Fitness Center Skin Care Clinic Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Butler
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3853514
    Latitude
    40.9900239

    Nearby Similar for Lease

    • $550 /Mo
      436 SF

      Office Condo in Kinnelon

      Prime office condo for rent with easy highway access.
      170 Kinnelon Rd, Butler, NJ 07405
      View Details
    • $400 /Mo
      436 SF

      Kinnelon Road Office Condo

      Office condo for rent in Kinnelon Professional Complex.
      170 Kinnelon Rd -, Butler, NJ 07405
      View Details
    • $1,200 /Mo
      7,914 SF

      Highway 23 Commercial Space

      Commercial space on Highway 23 with ample parking.
      1375 State Rt 23, Butler, NJ 07405
      View Details
    • Contact for pricing
      600 SF

      Two-Story Brick Office Building

      Two-story office building with on-site parking and management.
      1250 State Rt 23, Butler, NJ 07405
      View Details
    • $2,900 /Mo

      Updated Two-Bedroom Apartment For Rent

      Freshly painted 2-bedroom apartment with updated kitchen and bathroom.
      84 Reservoir Ave, Butler, NJ 07405
      View Details
    • Contact for pricing
      3,580 SF

      Retail Space with Flexible Floorplan

      3,580 SF retail space suitable for various businesses.
      1376 State Rte, Butler, NJ
      View Details
    • Contact for pricing
      23,500 SF

      Regional Power Center For Rent

      Regional power center in Butler, NJ, for lease.
      1160 State Rte, Butler, NJ
      View Details
    • $350 /Mo

      Parking and Retail Spaces Available

      Exterior and interior parking spaces for rent in Butler, NJ.
      69 Main St, Butler, NJ 07405
      View Details
    • $3,500 /Mo

      Butler Agricultural Property for Rent

      Agricultural property available for rent in Butler, New Jersey.
      73 Kiel Ave, Butler, NJ 07405
      View Details
    • Contact for pricing

      Kinnelon Road Commercial Units

      Adaptable commercial units for lease on Kinnelon Road.
      91 Kinnelon Rd, Butler, NJ 07405
      View Details
    • Contact for pricing

      Prime Commercial Space in Butler

      650 sq ft commercial space in vibrant business district.
      16 Main St, Butler, NJ 07405
      View Details
    • $350 /Mo

      Parking Spaces For Rent

      Exterior and interior parking spaces available for rent.
      69 Main St, Butler, NJ 07405
      View Details

    FAQs

    What type of property is this?
    Office units - Office condo for rent in Kinnelon Professional Complex.
    Where is this office units located?
    The property is located at 170 Kinnelon Rd, Unit 18 Butler, NJ.
    What is the lease rate?
    The lease rate is $550 /Mo.
    What are key features of this property?
    This property features: - Prime office condo location on Kinnelon Rd.; - Easy access to Routes 23 and 287.; - Approximately 360sf unit size.
    (973) 696-0077
    Request Owner's contact information
    170 Kinnelon Rd, Unit 18 Butler, NJ 07405
    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.
    170 Kinnelon Rd, Unit 18
    Butler, NJ 07405
    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
    170 Kinnelon Rd, Unit 18 Butler, NJ 07405
    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
    Walter Weiss
    (973) 696-0077 (973) 570-2824
    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!