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    9 Mount Pleasant Tpke Denville, NJ 07834

    Sponsored
    For Sale
    Contact for pricing

    10,000 SF Medical Office, 50% Occupied

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story Class B medical office building, situated at 9 Mt Pleasant Turnpike in Denville, New Jersey (zip code 07834), presents a compelling investment opportunity. The property encompasses 10,000 square feet of net rentable space, distributed across seven units within a single building on a 0.93-acre lot. Currently, the building enjoys 50% occupancy, offering immediate income potential and significant upside for a new owner. The building is zoned B2-A, allowing for a variety of medical uses. Its prime location offers unparalleled visibility and accessibility, situated directly off Route 10E and conveniently across from The Shoppes at Union Hill, home to popular retailers such as Trader Joe's, Panera Bread, and Starbucks. Ample parking is available for tenants and visitors. This multi-tenant property is offered under a Net Net lease structure, making it an attractive option for investors seeking a stable and potentially high-return investment. The building's owner-occupied status further enhances its appeal. This is a rare opportunity to acquire a well-located, established medical office building with significant growth potential in a thriving New Jersey market. The property is located in Morris County.

    Property Features for 9 Mount Pleasant Tpke

    General Information

    Property type
    Medical offices
    Square Feet
    10,000 SF
    Class
    B
    Lot Size
    40,511 SF

    Building Details

    Buildings
    1
    Stories
    2
    Units
    7

    HighLights

    • 10,000 SF Class B medical office building in Denville, NJ (07834).
    • Seven units on a 0.93‑acre lot, currently 50% occupied.
    • B2‑A zoning allows various medical uses.
    • Prime location on Route 10E, across from The Shoppes at Union Hill.
    • Ample parking and Net Net lease structure.
    • Owner‑occupied, offering significant growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop 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
    -74.5092798
    Latitude
    40.865693

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    FAQs

    What type of property is this?
    Medical office - 10,000 SF Medical Office, 50% Occupied
    Where is this medical office located?
    The property is located at 9 Mount Pleasant Tpke Denville, NJ.
    What are key features of this property?
    This property features: 10,000 SF Class B medical office building in Denville, NJ (07834).; Seven units on a 0.93-acre lot, currently 50% occupied.; B2-A zoning allows various medical uses.
    Request Owner's contact information
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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
    9 Mount Pleasant Tpke Denville, NJ 07834
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