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    52 Horse Hl Rd Hanover, NJ 07927

    Sponsored
    For Lease
    $16 SF/Yr ($17,333 /Mo)

    13,000 SF Flex Warehouse, 3.31 Acres

    Lot size:
    13,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 13,000-square-foot industrial property, located at 52 Horse Hill Rd in Hanover, New Jersey (zip code 07927), presents a compelling investment opportunity. The single-tenant building, classified as Class C, boasts a versatile flex space ideal for various industrial uses. Constructed in 1955, the one-story structure features a generous 12-foot ceiling height, providing ample vertical space for storage or operations. The property sits on a sizable 3.31-acre lot and includes convenient amenities such as 50 total parking spaces and two drive-in bays, ensuring efficient loading and unloading. Its location in Morris County, New Jersey, offers excellent access to major transportation routes. The property is categorized as a flex, warehouse, and distribution space, making it suitable for a wide range of businesses. Further zoning information can be found at the provided link: [https://ecode360.com/10236366#10236366](https://ecode360.com/10236366#10236366). This property is a rare find, combining substantial space, convenient features, and a strategic location. Contact us today to learn more about this exceptional opportunity.

    Property Features for 52 Horse Hl Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    13,000 SF
    Class
    C
    Total Rate
    17333.33

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    13,000 SF
    Rate per SF
    $16

    HighLights

    • Column‑free design
    • Heated space
    • 12‑foot ceiling height (10.5 feet to beams)
    • 120‑480V power available
    • Abundant parking
    • Three restrooms
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Hanover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4623641
    Latitude
    40.8153014

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    FAQs

    What type of property is this?
    Distribution property - 13,000 SF Flex Warehouse, 3.31 Acres
    Where is this distribution property located?
    The property is located at 52 Horse Hl Rd Hanover, NJ.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Column-free design; Heated space; 12-foot ceiling height (10.5 feet to beams)
    Request Owner's contact information
    52 Horse Hl Rd Hanover, NJ 07927
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    Hanover, NJ 07927
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    52 Horse Hl Rd Hanover, NJ 07927
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