531 Rte Hanover, NJ 07981
This exceptional free-standing retail property, located at 531 Route 10 in Whippany, New Jersey, offers 1,774 square feet of versatile space, currently vacant and ready for immediate occupancy. Situated on a 0.7-acre lot in Morris County, this single-tenant building presents a unique opportunity for owner-occupiers or investors seeking a high-visibility location. The property boasts ample parking, with a ratio of 5 spaces per 1,000 square feet, ensuring convenient access for customers and employees. Its prime location on Route 10 provides excellent exposure to high traffic volume, making it ideal for a variety of retail businesses. The building's free-standing design offers excellent branding opportunities and independent control over the property's aesthetic and functionality. The property is available for both sale and lease, providing flexibility for potential buyers and tenants. This is a rare opportunity to acquire a well-located, spacious retail building in a thriving New Jersey market. The 07981 zip code offers a strong demographic profile, further enhancing the property's investment potential. The property's size and layout are highly adaptable to a range of retail concepts. Serious inquiries are encouraged to explore this exceptional commercial real estate offering.
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
Similar Nearby for Lease
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.