Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    375 Nj-10 Hanover, NJ 07981

    For Sale
    $1,200,000

    Prime Medical Office, 5,170 SF, Vacant

    Property size:
    5,170 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional two-story, 5,170 square foot Class B medical office building is available for sale at $1,200,000, offering a compelling 7.02% cap rate. Located at 375 Route 10 in Hanover, Morris County, New Jersey (zip code 07981), this single-unit property boasts a convenient location and ample parking. Currently vacant, this presents a unique opportunity for an investor or medical practice seeking a turnkey solution. The building has undergone a complete renovation within the past four years, ensuring modern and efficient spaces. The property includes 38 parking spaces, providing convenient access for patients and staff. The building is situated in a prime location in Hanover, New Jersey, offering excellent visibility and accessibility. This NNN lease type property presents a low-maintenance investment opportunity with significant potential for future growth. The 5,170 square foot space is ready for immediate occupancy, allowing for a quick return on investment. The property's recent renovation ensures modern amenities and a high-quality environment. This is an ideal investment for those seeking a stable, high-return medical office property in a thriving New Jersey market. The property's size and location make it suitable for a variety of medical practices. Don't miss this chance to acquire a well-maintained, renovated medical office building in a desirable location.

    Property Features for 375 Nj-10

    General Information

    Property type
    Medical offices
    Square Feet
    5,170 SF
    Class
    B

    Building Details

    Stories
    2
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Morris
    State
    New Jersey
    Longitude
    -74.407365
    Latitude
    40.8199977

    Nearby Comparable

    • $1,200,000
      5,100 SF

      Renovated Medical Office For Sale

      5,100 sqft+ renovated medical office space with 30 parking spaces.
      375 State Route 10, Whippany, NJ 07981
      View Details
    • $1,400,000
      Pending

      Freestanding Building on Route 10

      8,000+/- SF building on high-traffic Route 10.
      500 Rte, Whippany, NJ 07981
      View Details
    • $1,200,000
      2,100 SF

      Whippany Commercial Land Opportunity

      1.7 Acres, Route 10 Frontage, High Visibility
      712 State Route 10, Whippany, NJ 07981
      View Details
    • New
      $199,000
      17.21 Acres

      Vacant Land in Prime Location

      Large vacant land parcel in Hanover Twp., zoned I-5 Industrial.
      Algonquin Pkwy, Whippany, NJ 07981
      View Details
    • Contact for pricing
      149,475 SF

      Crosspointe Technology Center Lab Space

      Lab space available for sale or lease in Whippany, NJ.
      941 State Route 10, Whippany, NJ 07981
      View Details
    • $399,000

      Land Available For Sale

      Land available for sale in Parsippany-Troy Hills Twp., NJ.
      74 Preston Rd, Parsippany, NJ 07054
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 5,170 SF, Vacant
    Where is this medical office located?
    The property is located at 375 Nj-10 Hanover, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    Request Owner's contact information
    375 Nj-10 Hanover, NJ 07981
    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.
    375 Nj-10
    Hanover, NJ 07981
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    375 Nj-10 Hanover, NJ 07981
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.