Office Condo with Half
170 Kinnelon Rd-unit 18, Butler, NJ 07405
For Sale
Contact for pricing
The suite includes a half bath and access to ample on-site parking.
Property Size360 SF
Price / SF$1.53
Days on Market54
Property Features for 170 Kinnelon Rd-unit 18
General Information
Standard status
Size
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
KELLER WILLIAMS PROSPERITY REALTY
Listed By:
WALTER WEISS
(973) 696-0077
Source:
Luminancerealty
Added: Sep 14
Changed: Oct 25
Last Checked: Oct 6 at 12:23AM
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 KELLER WILLIAMS PROSPERITY REALTY
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Investment Insights
Based on property information with market context.
Unit 18 is an office condominium within the Kinnelon Professional Complex, a 1985-built property on Kinnelon Rd. The approximately 360sf suite includes a half bath and is configured for professional office use.
The property is in Kinnelon Boro, NJ, with access to Routes 23 and 287. Ample parking serves the complex, adding practical convenience for office occupants and visitors.
The property is in Kinnelon Boro, NJ, with access to Routes 23 and 287. Ample parking serves the complex, adding practical convenience for office occupants and visitors.
Key Highlights
- Approximately 360sf office condo in Unit 18
- Half bath included within the suite
- Located in the Kinnelon Professional Complex
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,508
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,160
$110.2K
Cap Rate 7%
$78,686
$78.7K
Cap Rate 9%
$61,200
$61.2K
Market Conditions
NOI Build-Up for 360 SF
Gross rent
$10.8K $30.00/SF
− Vacancy
−$3.5K −$9.60/SF
EGI
$7.3K $20.40/SF
− OpEx
−$1.8K −$5.10/SF
NOI
$5.5K $15.30/SF
Area
Morris County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$110,160
Cap Rate 7%
$78,686
Cap Rate 9%
$61,200
Alternative Uses
Best Use
Office B
$78.7K
$68.9K – $91.8K
NOI $5,508 @ 7.0% cap · market cap 1,001.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$94.0K
$82.3K – $109.7K
NOI $6,580 @ 7.0% cap · market cap 1,196.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 07405, NJ
17,910
Population
6,990
Households
2.6
Avg Household Size
43
Median Age
57%
College-Educated
96%
High-School Grad
19.8 sq mi
ZIP Area
905
Density / Sq Mi
$127,500
Median Household Income
$69,919
Median Earnings
$1,526
Median Rent
$552,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Morris County, NJ
Properties on Market for Office Units in Morris County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a half bath and access to ample on-site parking.
Where is this office unit located?
The property is located at 170 Kinnelon Rd-unit 18 Butler, NJ.
What are key features of this property?
This property features: Approximately 360sf office condo in Unit 18; Half bath included within the suite; Located in the Kinnelon Professional Complex
