Office Unit With Loft
For Sale
$695,000
256 Columbia Tpke #207, Florham Park, NJ 07932
Professional office space features high ceilings and a loft, with additional space available for lease or sublease.
Property Size2,686 SF
Price / SF$258.75
Days on Market168
Property Features for 256 Columbia Tpke #207
General Information
Standard status
Active
Size
2,686 SF
Property subtype
Commercial
Zoning
Professional
Building Details
Building Size
2,686 SF
Year Built
1985
Stories
2
Units
1
Tenancy
Multi
Listing Agency:
Coldwell Banker Realty
(908) 879-4900
Listed By:
John Negri · License #NJ 1004002
(973) 865-3456
Source:
Cammarotarealestate
Added: May 9
Changed: Oct 22
Last Checked: Oct 22 at 2:11PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,686-square-foot office unit is part of a professional multi-tenant office building constructed in 1985. The space includes a loft area and high ceilings. Additional space of 900 SF is also available for lease or sublease.
The property is located at 256 Columbia Tpke in Florham Park, New Jersey, and is zoned Professional.
The property is located at 256 Columbia Tpke in Florham Park, New Jersey, and is zoned Professional.
Key Highlights
- 2,686‑square‑foot office unit in a professional multi‑tenant building
- Loft area and high ceilings
- Additional 900 SF available for lease or sublease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,096
Cap Rate
5.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,920
$821.9K
Cap Rate 7%
$587,086
$587.1K
Cap Rate 9%
$456,622
$456.6K
Market Conditions
NOI Build-Up for 2,686 SF
Gross rent
$80.6K $30.00/SF
− Vacancy
−$25.8K −$9.60/SF
EGI
$54.8K $20.40/SF
− OpEx
−$13.7K −$5.10/SF
NOI
$41.1K $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%
$821,920
Cap Rate 7%
$587,086
Cap Rate 9%
$456,622
Alternative Uses
Best Use
Office B
$587.1K
$513.7K – $684.9K
NOI $41,096 @ 7.0% cap · market cap 5.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$701.4K
$613.7K – $818.3K
NOI $49,096 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
Demographics for 07932, NJ
11,036
Population
4,880
Households
2.3
Avg Household Size
46
Median Age
66%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
1,647
Density / Sq Mi
$147,009
Median Household Income
$73,591
Median Earnings
$3,009
Median Rent
$719,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Professional office space features high ceilings and a loft, with additional space available for lease or sublease.
Where is this office unit located?
The property is located at 256 Columbia Tpke #207 Florham Park, NJ.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 2,686‑square‑foot office unit in a professional multi‑tenant building; Loft area and high ceilings; Additional 900 SF available for lease or sublease
