Office Condo with Owned Solar
For Sale
$1,100,000
200 Mineral Springs Dr #205, Dover, NJ 07801
Multi-unit heating and cooling, a kitchenette, and HOA-managed exterior maintenance support day-to-day office operations.
Property Size4,766 SF
Price / SF$230.80
Days on Market129
Property Features for 200 Mineral Springs Dr #205
General Information
Standard status
Active
Size
4,766 SF
Property subtype
Commercial
Zoning
0-1
Amenities
multi-unit heating and cooling
multiple lavatories
kitchenette
owned solar panels
Building Details
Building Size
4,766 SF
Year Built
1989
Stories
1
Units
1
Listing Agency:
Coldwell Banker Realty
(973) 440-5588
Listed By:
Christopher Ohab · License #301258
(973) 726-6606
Source:
Cammarotarealestate
Added: Jun 17
Changed: Oct 22
Last Checked: Oct 22 at 2:22PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 4,766-square-foot office condo was built in 1989 and is configured as multiple office units. The interior is described as well-maintained, with multi-unit heating and cooling, multiple lavatories, and a kitchenette. Owned solar panels are part of the property.
Route 80 is minutes away. The HOA handles exterior maintenance and snow removal, with additional responsibilities also included.
Route 80 is minutes away. The HOA handles exterior maintenance and snow removal, with additional responsibilities also included.
Key Highlights
- 4,766‑square‑foot office condo built in 1989
- Owned solar panels
- Multi‑unit heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,920
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,458,400
$1.5M
Cap Rate 7%
$1,041,714
$1.0M
Cap Rate 9%
$810,222
$810.2K
Market Conditions
NOI Build-Up for 4,766 SF
Gross rent
$143.0K $30.00/SF
− Vacancy
−$45.8K −$9.60/SF
EGI
$97.2K $20.40/SF
− OpEx
−$24.3K −$5.10/SF
NOI
$72.9K $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%
$1,458,400
Cap Rate 7%
$1,041,714
Cap Rate 9%
$810,222
Alternative Uses
Best Use
Office B
$1.04M
$911.5K – $1.22M
NOI $72,920 @ 7.0% cap · market cap 6.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $87,115 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 07801, NJ
25,935
Population
9,442
Households
2.7
Avg Household Size
38
Median Age
22%
College-Educated
81%
High-School Grad
13.0 sq mi
ZIP Area
1,995
Density / Sq Mi
$78,053
Median Household Income
$37,316
Median Earnings
$1,747
Median Rent
$369,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Multi-unit heating and cooling, a kitchenette, and HOA-managed exterior maintenance support day-to-day office operations.
Where is this office unit located?
The property is located at 200 Mineral Springs Dr #205 Dover, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 4,766‑square‑foot office condo built in 1989; Owned solar panels; Multi‑unit heating and cooling
