80 Jefferson Rd Hanover, NJ 07981
This exceptional three-story, 85,000 square foot Class B office building presents a below-market opportunity in Hanover, New Jersey, just minutes from Morristown. Built in 1999, the property sits on a 9.24-acre lot and offers 325 parking spaces (a 5:1000 SF ratio). Currently at 33% occupancy, the building features a modified lease type and is zoned OB-RL, allowing for a variety of uses including offices, labs, nursing homes, and fitness facilities. The versatile space is ideal for owner-users or value-add investors. Amenities include on-site management, a cafeteria, monument signage, 24/7 access, a full building backup generator, and overhead receiving/loading doors. Available spaces include up to 25,000 square feet on the first and third floors (divisible) and approximately 6,000 square feet on the second floor (divisible). Its prime location near major highways and Morristown makes it perfect for redevelopment. Building naming rights are also available. All offers will be considered.
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Newmark Real Estate Agency
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Taylor Management Company Property Management Company
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Core Technology Solutions Corporate Office
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.