Property profile

461 Rte Randolph, NJ 07869

OFF-MARKET
Lifestyle centers
470,000 SF
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Property summary

AI-generated overview

Ledgewood Commons, located at 461 Route 10 in Randolph, New Jersey (zip code 07869), presents a compelling retail investment opportunity. This anchored shopping center boasts a total of 470,000 square feet, offering multiple suites for lease. Currently, there are 24,140 square feet of vacant space available, divisible into units ranging from a minimum of 1,535 square feet to a maximum contiguous space of 10,936 square feet. The property is categorized as a multi-tenant retail space situated in Morris County. Ample parking is provided, with a ratio of 4.5 spaces per 1,000 square feet of building area. The property's location in Randolph, New Jersey, offers excellent visibility and accessibility along Route 10. This presents a unique chance to establish or expand a retail presence in a thriving commercial area. The four existing suites provide a flexible layout adaptable to various retail concepts. Interested parties are encouraged to explore the potential of this well-positioned retail center. The property is available for lease. Further details regarding lease terms and conditions are available upon request.

Property profile

Verified
Property type Lifestyle centers
Total area 470,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

461 Rte Randolph, NJ 07869
Randolph metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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