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    Freestanding Building on Route 10 Title is generated by Realmo AI

    500 Route 10, Whippany, NJ 07981

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    For Sale
    $1,400,000

    8000+/- SF building on high-traffic Route 10.

    Type:Commercial
    Property size:
    8,000 SF
    Lot size:
    0.46 Acres
    Price / SF:
    $175/SF
    Added:
    Mar 10, 2026
    Days on Market:
    120
    Last Refresh:
    Jul 2 at 6:17 am

    Property Features for 500 Route 10

    General Information

    Standard status
    Active
    Size
    8,000 SF
    Lot size
    0.46 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    9999

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    LOIS DECARO

    Listing office FATHOM REALTY NJ

    Listing date Mar 10, 2026

    Source Elliman

    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 FATHOM REALTY NJ

    HighLights

    • Prime high‑traffic location on Rt. 10 at a traffic light intersection with great visibility.
    • 8000 +/- square feet freestanding building.
    • B‑10 zoning permits many retail and office uses.
    • Close proximity to routes 80, 287, 280, 24, and 46.
    • Plans provide for 32 parking spaces.
    • Previous bank location with vault.

    Overview

    This is an approximately 8000 square foot freestanding building situated in a high-traffic location on Route 10 at a traffic light intersection, offering excellent visibility. The property, a former bank location, includes a vault and a drive-through that has been bricked. Plans, architectural drawings, and a survey are available, indicating provisions for 32 parking spaces. The B-10 zoning permits many retail and office uses. The property is located in close proximity to routes 80, 287, 280, 24, and 46. The town is not allowing restaurant use. Buyers should verify all information, any remaining approvals needed, and permitted uses with the township.

    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 $172.8k $21.60
    − Vacancy −$9.7k −$1.21
    EGI $163.1k $20.39
    − OpEx −$40.8k −$5.10
    NOI $122.3k $15.29
    8,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.75M
    $1.53M – $2.04M (±1% cap)
    NOI $122,400 @ 7.0% cap · market cap 8.74%
    Second Best
    Specialty Retail
    $1.75M
    $1.53M – $2.04M (±1% cap)
    NOI $122,342 @ 7.0% cap · market cap 8.74%
    Theoretical Best
    Office A
    $2.09M
    $1.83M – $2.44M (±1% cap)
    NOI $146,227 @ 7.0% cap · market cap 10.44%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Law Firm Hotel & Motel Dental Office Auto Repair Shop Pharmacy Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Whippany
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4194
    Latitude
    40.8211

    FAQs

    What type of property is this?
    Bank - 8000+/- SF building on high-traffic Route 10.
    Where is this bank located?
    The property is located at 500 Route 10 Whippany, NJ.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Prime high‑traffic location on Rt. 10 at a traffic light intersection with great visibility.; 8000 +/- square feet freestanding building.; B‑10 zoning permits many retail and office uses.
    More about this property
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