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    Property profile & analytics

    319 -325 State Rte Morristown, NJ 07963

    • Neighborhood centers
    • 3,600 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 319 -325 State Rte

    Property size
    3,600 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional retail opportunity presents 3,600 square feet of vacant space in a multi-tenant strip center located at 319-325 State Route 10 in East Hanover, Morris County. The property boasts a highly desirable location on a heavily trafficked roadway, Route 10, with 123 feet of frontage and approximately 27,562 cars passing daily. The center offers ample parking with 20 spaces (a ratio of 2.29 per 1,000 square feet). The space is divisible, with a minimum of 1,400 square feet and a maximum contiguous space of 2,200 square feet available. This prime location benefits from a population exceeding 1,000,000 within a 10-mile radius and enjoys the proximity of well-established national tenants such as Domino's, McDonald's, and Porsche, enhancing visibility and foot traffic. The property's strategic position on Route 10, coupled with its proximity to Mount Pleasant Avenue, ensures excellent accessibility and walkability. The available spaces offer a unique opportunity for businesses seeking high visibility and a strong customer base in a thriving commercial area. The dimensions of the spaces are approximately 14 feet by 100 feet for the 1,400 square foot space and approximately 20 feet by 110 feet for the 2,200 square foot space.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4797
    Latitude
    40.797
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    319 -325 State Rte
    Morristown, NJ 07963
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    Realmo Value Estimation

    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.

    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.

    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
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