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Property profile & analytics
OFF-MARKET Estimated value $1,520,000
Commercial real estate

1 Ml Rdg Ln Chester, NJ 07930-2488

16,704 SF 2.65 ac lot Built 2004
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US59-0281154
Property summary
AI-generated overview

This exceptional 16,000 square foot office building, located in Morris County, presents a unique opportunity for a single tenant. The property boasts a beautifully remodeled interior with high-end finishes throughout its two floors, easily accessible via elevator. A significant portion of the building (818 square feet) is currently vacant, offering immediate occupancy potential. The building's modern infrastructure includes fiber optic wiring, ensuring seamless connectivity. Ample parking is available with a 4:1000 ratio, providing convenient access for employees and clients. The professionally landscaped campus and meticulously maintained common areas create a welcoming and productive work environment. Situated on a prominent corner lot on Route 24, this location offers excellent visibility and accessibility. The building's traditional office layout provides a classic and sophisticated atmosphere, ideal for a variety of businesses. This is a rare opportunity to secure a well-maintained, modern office space in a highly desirable Morris County location. The combination of high-end finishes, ample parking, convenient location, and modern infrastructure makes this property an exceptional investment. The vacant space offers immediate occupancy, allowing for a quick and efficient transition for the new tenant. Don't miss this chance to establish your business in this prestigious location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2004
Total area 16,704 SF
Lot 2.65 ac (115,608 SF)
Zoning code OP
APN 06 00101-0000-00012- 03
UPID US59-0281154
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Andrew Lima, PsyD Physician Medical Clinic
  • Alexa Vernola Counselor
  • Adsorbed Natural Gas Products, Inc. Corporate Office
  • Tyler Zaborsky Independent Insurance Broker Insurance Agency
  • The Law Office of Michael W. Starr, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.89M
Comparable Approach Comparable
$1.19M
Blend (final) Blend
$1.52M
Owner & transaction history
Mghc Group II LLC · 19 yrs held
Mghc Group II LLC
since 2007
2 recorded transactions
2007
$4.7M
1969
Price N/A
Zoning & alternative use
OP · Chester, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source Chester Borough - Zoning
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