Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    300 Main St Chester, NJ 07930

    • Lifestyle centers
    • 15,730 SF
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1488959
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 300 Main St

    Property size
    15,730 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Madison Plaza Shopping Center, located at 300 Main St, Chester, NJ 07930, presents a unique opportunity for medical office tenants. This Morris County property offers 15,730 square feet of retail and office space, specifically configured for medical practices. The center features four suites, with a minimum divisible space of 998 square feet and a maximum contiguous space of 10,769 square feet. Currently, there is 18,129 square feet of vacant space available, providing ample room for expansion or multiple tenants. The property boasts 360 parking spaces, ensuring convenient access for patients and staff. The building's location in Chester, New Jersey offers excellent visibility and accessibility, making it an ideal location for a thriving medical practice. The property is categorized as a shopping center and offers multiple tenancy options, allowing for flexibility in lease terms and space requirements. This is a prime opportunity to establish or expand a medical practice in a well-established and convenient location. The property's size and ample parking make it suitable for a variety of medical specialties. Interested parties are encouraged to inquire about available space and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chester
    County
    Morris
    State
    New Jersey
    Longitude
    -74.3988814
    Latitude
    40.7501455

    Comparable in this City

    • $1,095 /Mo
      26,136 SF

      Commercial Space in Chester Boro

      First-floor storefront suitable for art studio, office, retail, and more.
      28 Main St, Chester, NJ 07930
      View Details
    • $600 /Mo

      Main Street Office Space Available

      Single offices in shared work environment with amenities included.
      408 Main St, Chester, NJ 07930
      View Details
    • $2,700 /Mo

      First Floor Office Space

      First floor office with conference room and private offices.
      32 Collis Ln, Chester, NJ 07930
      View Details
    • $2,150 /Mo

      Chester Office Space Available Now

      Office space in Chester Woods Professional Park available for rent.
      385 State Route 24, Chester, NJ 07930
      View Details
    • $24 SF/Yr
      31,680 SF

      Office Building in Historic Chester

      Office spaces available for lease in a three-story building.
      4 Mill Ridge Ln, Chester, NJ 07930
      View Details
    • $21 SF/Yr
      11,100 SF

      Chester Office Building for Lease

      Prime Morris County Office Suites Available
      31 Fairmount Ave, Chester, NJ 07930
      View Details

    Similar Nearby for Sale

    • $182,000

      Office Space in Chester Woods

      Office space featuring reception, offices, restrooms, and conference room.
      385 Rte, Chester, NJ 07930
      View Details
    • $349,900
      8,000 SF

      Corner Office Condo For Sale

      High visibility office condo with conference area, kitchenette, and parking.
      2 North Rd, Chester, NJ 07930
      View Details
    • Contact for pricing
      3,000 SF

      Fully Leased Office Suites

      Prime investment opportunity in Chester, NJ with steady tenant base.
      310 State Route 24, Chester, NJ 07930
      View Details
    • Contact for pricing
      2,630 SF

      Restaurant Building with Drive-Thru

      2,630 SF restaurant building with three-lane drive-thru.
      510 Main St, Chester, NJ 07930
      View Details
    • $374,900
      8,000 SF

      Prime Chester Office Condo

      High-visibility office space, excellent location.
      2 North Rd, Chester, NJ 07930
      View Details
    • $115,000
      6.25 Acres

      Residential Lot in Washington Township

      6.25-acre residential lot for custom home in Washington Township, NJ.
      S Four Bridges Rd, Chester, NJ 07930
      View Details

    Similar Nearby for Lease

    • $1,095 /Mo
      26,136 SF

      Commercial Space in Chester Boro

      First-floor storefront suitable for art studio, office, retail, and more.
      28 Main St, Chester, NJ 07930
      View Details
    • $2,700 /Mo

      First Floor Office Space

      First floor office with conference room and private offices.
      32 Collis Ln, Chester, NJ 07930
      View Details
    • $2,150 /Mo

      Chester Office Space Available Now

      Office space in Chester Woods Professional Park available for rent.
      385 State Route 24, Chester, NJ 07930
      View Details
    • $24 SF/Yr
      31,680 SF

      Office Building in Historic Chester

      Office spaces available for lease in a three-story building.
      4 Mill Ridge Ln, Chester, NJ 07930
      View Details
    • $600 /Mo

      Main Street Office Space Available

      Single offices in shared work environment with amenities included.
      408 Main St, Chester, NJ 07930
      View Details
    • $21 SF/Yr
      11,100 SF

      Chester Office Building for Lease

      Prime Morris County Office Suites Available
      31 Fairmount Ave, Chester, NJ 07930
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    300 Main St
    Chester, NJ 07930
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.