Freestanding Bank with Pylon
4 N Jefferson Rd Whippany, NJ 07981
4 N Jefferson Rd, Whippany, NJ, 07981
Contact for pricing
For Sale
Contact for pricing
Former freestanding bank on a 1.59-acre parcel with pylon signage and frontage on both Route 10 and N Jefferson Road.
Property Size2,322 SF
Lot Size1.59 Acres
Price / SF$462.96
Days on Market43
Property Features for 4 N Jefferson Rd
General Information
- Standard status
- Active
- Size
- 2,322 SF
- Lot size
- 1.59 Acres
- Property subtype
- RETAIL
Listing agency
Pierson Commercial Real Estate
(732) 707-6900
Listed by
Neil Ruppert
Source
Moodyscre
Added: Jun 9 Updated: Jul 21 at 1:16AM Checked: Jul 21 at 2:58AM
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 Pierson Commercial Real Estate
Investment Insights
Based on property information with market context.
Former +/- 2,322 SF freestanding bank available for sale on a +/- 1.59-acre parcel. The property includes a freestanding pylon sign and provides over 200’ of frontage along both Route 10 and N Jefferson Road.
The site is positioned at a signalized intersection of Route 10 (+/- 33,055 VPD) and N Jefferson Road (+/- 4,701 VPD). It is also described as being in close proximity to mass-transit and major regional connections, including I-287, I-80, I-280, Route 10, and Route 24.
A deed restriction is in place for 2 years, limiting the property against any financial institution. Nearby regional retailers noted include Wegmans, BJ’s, and Costco, along with Class-A corporate offices of Bayer, Novartis, Barclays, MetLife, and GAF.
The site is positioned at a signalized intersection of Route 10 (+/- 33,055 VPD) and N Jefferson Road (+/- 4,701 VPD). It is also described as being in close proximity to mass-transit and major regional connections, including I-287, I-80, I-280, Route 10, and Route 24.
A deed restriction is in place for 2 years, limiting the property against any financial institution. Nearby regional retailers noted include Wegmans, BJ’s, and Costco, along with Class-A corporate offices of Bayer, Novartis, Barclays, MetLife, and GAF.
Key Highlights
- Former freestanding bank totaling about 2,322 SF on a +/- 1.59‑acre parcel
- Located at the signalized intersection of Route 10 (+/- 33,055 VPD) and N Jefferson Road (+/- 4,701 VPD)
- Freestanding pylon sign plus more than 200' frontage on both Route 10 and N Jefferson Road
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $21.60 |
| − Vacancy | −$2.8k | −$1.21 |
| EGI | $47.3k | $20.39 |
| − OpEx | −$11.8k | −$5.10 |
| NOI | $35.5k | $15.29 |
2,322 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$507.3K
$443.9K – $591.8K
NOI $35,510 @ 7.0% cap · market cap 3.30%
Second Best
Retail
$473.5K
$414.3K – $552.4K
NOI $33,143 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$606.3K
$530.5K – $707.4K
NOI $42,442 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wells Fargo Bank
Bank
Wells Fargo Advisors
Financial Advisor
Wells Fargo ATM
Atm
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Former freestanding bank on a 1.59-acre parcel with pylon signage and frontage on both Route 10 and N Jefferson Road.
Where is this bank located?
The property is located at 4 N Jefferson Rd Whippany, NJ.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Former freestanding bank totaling about 2,322 SF on a +/- 1.59‑acre parcel; Located at the signalized intersection of Route 10 (+/- 33,055 VPD) and N Jefferson Road (+/- 4,701 VPD); Freestanding pylon sign plus more than 200' frontage on both Route 10 and N Jefferson Road
