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    240 Cedar Knl Rd Hanover, NJ 07927

    Sponsored
    For Lease
    $22 SF/Yr

    Class B Office Building, Ample Parking, Modern Amenities

    Lot size:
    118,605 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional four-story office building, located at 240 Cedar Knolls Rd in Hanover, New Jersey, 07927, offers 118,605 square feet of prime office space. Built in 1980, the property boasts a range of modern amenities designed to enhance productivity and employee well-being. The building features a convenient on-site fitness center, a well-equipped conference room, and a welcoming cafe, all contributing to a comfortable and efficient work environment. Security is a top priority, with 24/7 controlled access and a comprehensive security system in place. The impressive marble entryway sets a professional tone, complemented by upscale finishes throughout. Additional conveniences include on-site property management and readily available food service. With 446 surface parking spaces, ample parking is guaranteed for tenants and visitors. The building's layout includes a typical floor size of 29,651 square feet, with multiple tenancy options available, ranging from 1,626 to 7,034 square feet. This Class B building provides a sophisticated and functional workspace in a highly accessible location. The property is conveniently situated near major highways, ensuring easy commuting for employees and clients.

    Property Features for 240 Cedar Knl Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    118,605 SF
    Class
    B
    Total Rate
    217442.5

    Building Details

    Year Built
    1980
    Stories
    4

    Unit(s) available at that property

    Space
    1st Floor, Ste 101
    Size
    1,626 SF
    Rate per SF
    $22
    Space
    2nd Floor, Ste 210
    Size
    3,206 SF
    Rate per SF
    $22
    Space
    3rd Floor, Ste 300
    Size
    7,034 SF
    Rate per SF
    $22

    HighLights

    • 118,605 SF Class B office building in Hanover, NJ, with 446 surface parking spaces.
    • On‑site amenities include a fitness center, conference facility, and cafe.
    • 24/7 controlled access and comprehensive security system.
    • On‑site property management and readily available food service.
    Property Profile Location Intelligence

    Current Use by Public Records

    U.S. Bank-Joe Verdicchio-Mortgage ... Mortgage Lender MacNeill, O'Neill & Riveles Attorney Referral Service Schnabel Engineering Civil Engineering Company Avalon Risk Real Estate Developer JAG Physical Therapy Physical Therapist

    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
    -74.4457622
    Latitude
    40.8179886

    Nearby Comparable

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      Retail Space in Hanover, NJ

      Prime retail location near Ridgedale Avenue in Hanover, NJ.
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      Cedar Knolls Office Space Available

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      Retail Space Near Morristown

      Retail space available near major highways and Morristown.
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      52 Horsehill Rd, Cedar Knolls, NJ 07927
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      Hanover, NJ Industrial Flex Space

      13,000 SF Flex Warehouse, 3.31 Acres
      52 Horse Hl Rd, Hanover, NJ 07927
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    Nearby Similar for Lease

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      Prime Cedar Knolls Office Space

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    FAQs

    What type of property is this?
    Office Property / Space - Class B Office Building, Ample Parking, Modern Amenities
    Where is this office property / space located?
    The property is located at 240 Cedar Knl Rd Hanover, NJ.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: 118,605 SF Class B office building in Hanover, NJ, with 446 surface parking spaces.; On-site amenities include a fitness center, conference facility, and cafe.; 24/7 controlled access and comprehensive security system.
    Request Owner's contact information
    240 Cedar Knl 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
    240 Cedar Knl Rd Hanover, NJ 07927
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