860 State Route 10, Randolph, NJ 07869

Building Details

Buildings 1 More

Stories 3 More

Building Size 3,000 SF More

Tenancy Multi More

Listing Agency: Newmark & Associates, Inc. Show Phone

Listed By: Helene Elbaum Show Phone

Source: Moodyscre

Added: Aug 4 Changed: Oct 29 Last Checked: Nov 8 at 8:42AM

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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 Newmark & Associates, Inc.

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Investment Insights

Based on property information with market context.

Located at 860 State Route 10 in Randolph, this three-story office property contains approximately 3000 square feet and is configured for multiple occupants. The property also includes a studio apartment and generates existing income.

The approximately 1.1-acre site is served by public water and septic. On-site parking, monument signage, and Route 10 exposure support the property's commercial presence. Zoning is designated Office/Laboratory (OL), providing the stated land-use classification for the property.

Key Highlights

• Approximately 1.1 Acres
• Three‑story office property with approximately 3000 sf
• Multi‑tenant configuration with studio apartment and existing income

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,900

Cap Rate

5.10%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$918,000 $918.0K

Cap Rate 7%

$655,714 $655.7K

Cap Rate 9%

$510,000 $510.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$90.0K $30.00/SF

− Vacancy

−$28.8K −$9.60/SF

EGI

$61.2K $20.40/SF

− OpEx

−$15.3K −$5.10/SF

NOI

$45.9K $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%

$918,000

Cap Rate 7%

$655,714

Cap Rate 9%

$510,000

Alternative Uses

Best Use

Office B

$655.7K

$573.8K – $765.0K (±1% cap)

NOI $45,900 @ 7.0% cap · market cap 5.10%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$783.4K

$685.4K – $913.9K (±1% cap)

NOI $54,835 @ 7.0% cap · market cap 6.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Building Supply Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

209

Businesses Nearby

Explore this area Business Placement

Demographics for 07869, NJ

25,993

Population

9,124

Households

2.8

Avg Household Size

41

Median Age

69%

College-Educated

96%

High-School Grad

20.1 sq mi

ZIP Area

1,293

Density / Sq Mi

$170,862

Median Household Income

$80,799

Median Earnings

$1,772

Median Rent

$636,400

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Morris County, NJ

$237 Jul

$220 Aug

$266 Sep

$360 Oct

Properties on Market for Office buildings in Morris County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Three-story office property with a studio apartment, on-site parking, and OL zoning.

Where is this office building located?

The property is located at 860 State Route 10 Randolph, NJ.

What is the asking price?

The asking price for this property is $899,999.

What are key features of this property?

This property features: Approximately 1.1 Acres; Three‑story office property with approximately 3000 sf; Multi‑tenant configuration with studio apartment and existing income