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Property profile & analytics
OFF-MARKET
Office Spaces

80 Jefferson Rd Hanover, NJ 07981

85,000 SF 9.24 ac lot Built 1999
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Year built 1999
Total area 85,000 SF
Lot 9.24 ac (402,494 SF)
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
  • Newmark Real Estate Agency
  • Skyview Heights Apartment Building
  • Taylor Management Company Property Management Company
  • Whippany Office Park Park Real Estate
  • Core Technology Solutions Corporate Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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