Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Denville Office Building For Sale Title is generated by Realmo AI

    9 Mt Pleasant Turnpike, Denville, NJ 07834

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    10,000 SF office building with high visibility and easy access.

    Type:Office, Special Purpose
    Property size:
    10,000 SF
    Price / SF:
    $150/SF
    Added:
    Jun 6, 2023
    Days on Market:
    1094
    Last Refresh:
    May 12 at 8:23 pm

    Property Features for 9 Mt Pleasant Turnpike

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Office, Special Purpose

    We can help!

    Listing Contact
    Jeffrey Jones

    Listing agent Jeffrey Jones License #8334676

    Listing office Amerisource Realty Network

    Listing date Jun 6, 2023

    Source Crexi

    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 Amerisource Realty Network

    HighLights

    • Prime location in the heart of Denville with easy access and great visibility.
    • 10,000 sq ft office building.
    • Located right off Route 10E.
    • Across the street from The Shoppes at Union Hill (Trader Joes/Panera/Starbucks).
    • Plenty of parking.
    • Great investment opportunity for owner‑occupancy.

    Overview

    This 10,000 square foot office building is located in Denville, New Jersey, right off Route 10E and across the street from The Shoppes at Union Hill. The location offers easy access and high visibility. The property features plenty of parking and is currently owner-occupied, presenting a potential investment opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Denville
    County
    Morris
    State
    New Jersey
    Longitude
    -74.5094102
    Latitude
    40.865689

    Nearby Similar for Sale

    • $749,900
      1,614 SF

      Highly Visible Commercial Building

      Freestanding commercial building in a desirable business corridor.
      383 E Main St, Denville Twp., NJ 07834-2515
      View Details
    • $375,000

      Morris County Office Condo

      Office condo in Pocono Park, close to major highways.
      16 Pocono Rd, Denville Twp., NJ 07834
      View Details
    • $250,000
      950 SF

      Turnkey Medical Office in Denville

      Well-designed medical office ready for a solo practitioner.
      75 BLOOMFIELD AVE, DENVILLE TOWNSHIP, NJ 07834
      View Details
    • $250,000
      950 SF

      Turnkey Medical Office in Denville

      Well-designed 950 sq ft medical office ready for your ideas.
      75 Bloomfield, Denville Township, NJ 07834
      View Details
    • $1,250,000
      3,000 SF

      Professional Office Building For Sale

      State-of-the-art office building ideal for professional practices.
      21 Orchard St, Denville Twp., NJ 07834
      View Details
    • $70,000
      2,100 SF

      Established Music School Business Opportunity

      Thriving music school business for sale in New Jersey.
      170 E Main Street Denville, Denville, NJ 07834
      View Details
    • $730,000

      Updated Mixed-Use Building For Sale

      Mixed-use building with restaurant and renovated apartment near NYC transportation.
      4 Station Rd, Denville Twp., NJ 07834
      View Details
    • $1,850,000
      10,000 SF

      Denville Office Building For Sale

      10,000 SF office building in the heart of Denville, NJ.
      9 Mt Pleasant Tpke, Denville, NJ
      View Details
    • Contact for pricing
      119,250 SF

      Denville Warehouse Space Available

      119,250 SF warehouse space with convenient highway access.
      20 Dock Rd, Denville, NJ
      View Details
    • $1,300

      Office Space in Great Location

      Office space convenient to highways, restaurants, and shops.
      3175 ROUTE 10 Unit 200, Denville, NJ 07834
      View Details
    • $1,130

      First Floor Medical Office Space

      Medical office space with easy highway access and nearby amenities.
      3175 ROUTE 10 Unit 550, Denville, NJ 07834
      View Details

    FAQs

    What type of property is this?
    Office building - 10,000 SF office building with high visibility and easy access.
    Where is this office building located?
    The property is located at 9 Mt Pleasant Turnpike Denville, NJ.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime location in the heart of Denville with easy access and great visibility.; 10,000 sq ft office building.; Located right off Route 10E.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeffrey Jones
    Real Estate License ID: 8334676
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9 Mt Pleasant Turnpike, Denville, NJ 07834
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!