Flexible Commercial Building with
New
For Sale
$999,000
3163 Route 10, Denville, NJ 07834
Versatile commercial property with a paved parking area, gravel storage, and approved equipment-related retail and service uses.
Property Size2,822 SF
Lot Size4.27 Acres
Price / SF$354
Days on Market4
Property Features for 3163 Route 10
General Information
Standard status
Active
Size
2,822 SF
Total Parking Spaces
15
Lot size
4.27 Acres
Zoning
OB-4
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Amenities
2 bathrooms
natural gas service
two heating units
public water
newly replaced private well
three 1,000-gallon septic tanks
paved blacktop parking lot
additional gravel storage
Building Details
Year Built
1995
Buildings
1
Building Size
2,822 SF
Listing Agency:
WEICHERT REALTORS
Listed By:
NIREN SAKARIA · License #1431626
(973) 970-8292
Source:
Sheeranrealestate
Added: Sep 16
Changed: Sep 17
Last Checked: Sep 18 at 11:24AM
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 WEICHERT REALTORS
Investment Insights
Based on property information with market context.
This flex property at 3163 Route 10 includes a 2,822-square-foot building on 4.27 acres, with a paved parking lot, approximately 15 spaces, and gravel storage behind the structure. Built in 1995, the building has two bathrooms, natural gas service, two heating units, public water, a private well replaced recently, and three 1,000-gallon septic tanks. Public sewer is located beneath the property, with conversion discussions available for negotiation with a potential buyer.
The site provides approximately 503 feet of frontage along Route 10 in Denville Township, across from a Honda dealership. The property was originally zoned OB-4 and has an approval for retail sales, maintenance, storage, and display of machinery and equipment. Resolution documents are on file. The layout has previously accommodated multiple businesses at the same time.
The site provides approximately 503 feet of frontage along Route 10 in Denville Township, across from a Honda dealership. The property was originally zoned OB-4 and has an approval for retail sales, maintenance, storage, and display of machinery and equipment. Resolution documents are on file. The layout has previously accommodated multiple businesses at the same time.
Key Highlights
- 4.27‑acre property at 3163 Route 10, Denville Twp., NJ 07834
- Approximately 503 feet of Route 10 frontage
- 2,822‑square‑foot building constructed in 1995
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$891,460
$891.5K
Cap Rate 7%
$636,757
$636.8K
Cap Rate 9%
$495,256
$495.3K
Market Conditions
NOI Build-Up for 2,822 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.2K $27.00/SF
− Vacancy
−$7.6K −$2.70/SF
EGI
$68.6K $24.30/SF
− OpEx
−$24.0K −$8.50/SF
NOI
$44.6K $15.80/SF
Area
Morris County, NJ
Vacancy
10.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$891,460
Cap Rate 7%
$636,757
Cap Rate 9%
$495,256
Alternative Uses
Best Use
Flex RnD
$636.8K
$557.2K – $742.9K
NOI $44,573 @ 7.0% cap · market cap 4.46%
Second Best
Retail
$575.4K
$503.5K – $671.3K
NOI $40,279 @ 7.0% cap · market cap 4.03%
Theoretical Best
Office A
$736.9K
$644.8K – $859.7K
NOI $51,582 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,030
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07834, NJ
17,966
Population
7,122
Households
2.5
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
11.6 sq mi
ZIP Area
1,549
Density / Sq Mi
$162,644
Median Household Income
$76,968
Median Earnings
$1,707
Median Rent
$552,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial property with a paved parking area, gravel storage, and approved equipment-related retail and service uses.
Where is this flex space located?
The property is located at 3163 Route 10 Denville, 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: 4.27‑acre property at 3163 Route 10, Denville Twp., NJ 07834; Approximately 503 feet of Route 10 frontage; 2,822‑square‑foot building constructed in 1995
