Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    58-62 Rte 10 East Hanover, NJ 07936

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime East Hanover Retail Space - 2,400 SF

    Lot size:
    4,000 SF

    Property Features for 58-62 Rte 10

    General Information

    Property type
    Retail properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,000 SF

    Spaces For Lease

    at 58-62 Rte 10, East Hanover, NJ 07936 Contact us

    We can help!

    Listing Contact
    Florian Suserman
    Florian Suserman

    Listing Agency: RIPCO Real Estate - New Jersey Listing Agent: Florian Suserman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional retail property, located at 58-62 Route 10 in East Hanover, New Jersey, offers a single, readily available space perfect for a variety of businesses. The building's total area encompasses 4,000 square feet, with 2,400 square feet currently vacant and immediately available for lease. This contiguous space presents a significant opportunity for a tenant seeking a substantial presence in a high-traffic location. The property is classified as multi-tenant, although only one suite is currently available. Situated in Morris County, this location benefits from excellent visibility and accessibility along Route 10, a major thoroughfare ensuring high foot traffic and convenient access for customers. The property's address is 58-62 Route 10, East Hanover, NJ 07936. The space is ideal for a business requiring a minimum of 2,400 square feet, offering ample room for operations and expansion. This is a rare opportunity to secure a prominent retail space in a desirable East Hanover location. The property's convenient location and substantial square footage make it an attractive option for businesses seeking to establish or expand their presence in a thriving commercial area. Interested parties are encouraged to inquire promptly to secure this exceptional retail opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    East Hanover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3879955
    Latitude
    40.8120407

    Nearby Similar for Lease

    • $1,295 /Mo
      30,492 SF

      Renovated Office Space For Rent

      Prime, renovated office space in a sought-after location.
      435 Ridgedale Ave, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      4,640 SF

      Former Bank Building For Lease

      Prime commercial space with high visibility and versatile layout.
      426 Ridgedale Ave, East Hanover, NJ 07936
      View Details
    • $24 SF/Yr
      8,500 SF

      Retail Space on Ridgedale Avenue

      Retail space available in East Hanover with abundant parking.
      476 Ridgedale Ave, East Hanover, NJ 07936
      View Details
    • $21 SF/Yr
      3,500 SF

      Retail Building with Large Parking

      Stand-alone retail building with parking and signage opportunities.
      253 Rte, East Hanover, NJ
      View Details
    • Contact for pricing
      181,197 SF

      East Hanover Office Space Available

      Office building with 181,197 square feet available for rent.
      120 Eagle Rock Ave, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space with Highway Visibility

      Retail space with high traffic and excellent visibility on Route 10.
      58-62 Rte, East Hanover, NJ
      View Details
    • Contact for pricing
      113,462 SF

      East Hanover Warehouse Space Available

      314,413 SF warehouse divisible to 87,194 SF for lease.
      11 Mount Pleasant Ave, East Hanover, NJ 07936
      View Details
    • Contact for pricing

      East Hanover Industrial Space Available

      48,235 SF industrial space for lease in East Hanover, NJ.
      East Hanover, NJ 07936
      View Details
    • Contact for pricing

      Prime Retail Space in East Hanover

      Exceptional retail space with high visibility in a bustling area.
      405 Nj State Rte, East Hanover, NJ 07936
      View Details
    • Contact for pricing
      12,000 SF

      Renovated Manufacturing Facility For Lease

      Renovated 12,000 SF manufacturing facility with climate control.
      19 West St, East Hanover, NJ 07936
      View Details
    • $1,295 /Mo

      Renovated Office Space For Rent

      Renovated 1,000 sq ft office space in premier building.
      435 Ridgedale Ave, East Hanover, NJ 07936
      View Details
    • $6,300 /Mo
      20,000 SF

      Versatile Flex Unit For Lease

      4,200 SF flex unit with warehouse and office space.
      299 Ridgedale Ave, East Hanover, NJ 07936
      View Details

    FAQs

    What type of property is this?
    Retail property - Prime East Hanover Retail Space - 2,400 SF
    Where is this retail property located?
    The property is located at 58-62 Rte 10 East Hanover, NJ.
    What are key features of this property?
    This property features: 2,400 SF immediately available retail space in East Hanover, NJ.; High-traffic location on Route 10 with excellent visibility.; Easy ingress/egress with access to major intersection.
    (201) 777-2301 Call to check price and availability
    Request Owner's contact information
    58-62 Rte 10 East Hanover, NJ 07936
    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.
    58-62 Rte 10
    East Hanover, NJ 07936
    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
    58-62 Rte 10 East Hanover, NJ 07936
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Florian Suserman
    Florian Suserman
    Real Estate License ID: 0341146
    (201) 777-2301 (201) 777-2300
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!