Flexible Commercial Building with
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 Market50
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: Nov 2
Last Checked: Nov 1 at 12:08PM
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
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 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 / Yr
$44,573
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
Similar Off Market Nearby
- The Tipsy Penguin LLC — 10 vista way, denville, nj 07834
- ROYALE CATERERS — 276 E Main St, Denville, NJ 07834
- Simply Gourmet — 76 Broadway 1st floor, Denville, NJ 07834
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
