Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1625 Nj-10 Morris Plains, NJ 07950

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1625 Nj-10 Morris Plains, NJ 07950

    View on Map
    • Retail properties & Spaces
    • 124,853 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1625 Nj-10

    Property size
    124,853 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Drive through restaurants

    Description

    This exceptional retail center, Crossings At 10, located at 1625 NJ-10 in Morris Plains, NJ 07950, offers 124,853 square feet of available space across 33 suites. The property boasts a highly desirable location at the intersection of Route 10 and US-202, providing unparalleled visibility and accessibility. Units range from a minimum of 1,808 square feet to a maximum contiguous space of 11,191 square feet, offering flexibility for various retail concepts. The center features ample parking with 895+ spaces, ensuring convenient customer access. Multiple endcap and drive-thru opportunities are available, many with outdoor seating areas ideal for restaurants. The property shares a traffic light entrance with Briarcliff Commons, a successful shopping center anchored by well-known national brands including Uncle Giuseppe's, Kohl's, Sketchers, First Watch, Chipotle, and Chick-fil-A, creating a synergistic retail environment. Space divisions are for reference only

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morris Plains
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4618
    Latitude
    40.8417

    Comparable in this City

    • Value Estimation by Request
      8,400 SF

      3025 Rte 10

      Retail properties & Spaces • 8,400 SF
      3025 Rte 10, Morris Plains, NJ 07950
      View Details
    • Value Estimation by Request
      70,000 SF

      2920 New Jersey 10

      Lifestyle centers • 70,000 SF
      2920 New Jersey 10, Morris Plains, NJ 07950
      View Details
    • Value Estimation
      $2,340,000
      3,968 SF

      255 Speedwell Ave

      RESTAURANT • 3,968 SF
      255 Speedwell Ave, Morris Plains, NJ 07950-2308
      View Details
    • Value Estimation
      $595,000
      6.43 Acres

      900 The American Rd

      INDUSTRIAL (GENERAL) • 6.43 Acres
      900 The American Rd, Morris Plains, NJ 07950-2467
      View Details
    • Value Estimation by Request

      39 Hanover Ave

      INDUSTRIAL (GENERAL)
      39 Hanover Ave, Morris Plains, NJ 07950-2456
      View Details
    • Value Estimation
      $560,000
      10.81 Acres

      500 The American Rd

      INDUSTRIAL (GENERAL) • 10.81 Acres
      500 The American Rd, Morris Plains, NJ 07950-2462
      View Details

    Similar Nearby for Sale

    • New
      $879,900
      0.95 Acres

      Prime Commercial Land on Route 10

      0.95-acre commercial land with high visibility and traffic.
      2559 State Route 10, Morris Plains, NJ 07950
      View Details
    • Contact for pricing

      Turn-Key Korean BBQ Restaurant

      Freestanding restaurant with smokeless BBQ grill system and parking.
      650 Speedwell Ave, Morris Plains, NJ 07950
      View Details
    • Contact for pricing

      Turn-Key Restaurant in Downtown

      Korean BBQ restaurant for sale in Morris Plains.
      650 Speedwell Ave, Morris Plains, NJ 07950
      View Details
    • $1,100,000
      4,537 SF

      Versatile Mixed-Use Building in Parsippany

      Multi-unit building ideal for commercial or residential use.
      74 S Powder Mill Rd, Morris Plains, NJ 07950
      View Details
    • $899,900
      5.25 Acres

      Prime Morristown Township Development Opportunity

      5.25-acre parcel near Route 10, ideal for development.
      739 Mtn Way Way, Morris Plains, NJ 07950
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,560 SF

      Freestanding Flex Building For Rent

      3560 SF flex building in a strong location.
      7 Harrison Ave, Morris Plains, NJ 07950
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Morris Plains, New Jersey.
      2920 New Jersey 10, Morris Plains, NJ 07950
      View Details
    • $1,750 /Mo
      6,970 SF

      Retail/Office Space Near Train

      Desirable retail/office space, walking distance to downtown and train.
      720 Speedwell Ave, Plainsboro, NJ 07950
      View Details
    • Contact for pricing

      Morris Plains Commercial Property Available

      Commercial property available for rent in Morris Plains, New Jersey.
      540 Speedwell Ave, Plainsboro, NJ 07950
      View Details
    • $1,850 /Mo
      11,326 SF

      Morris Plains Office Space Available

      Office suites in prime Morris Plains location near amenities.
      736 Speedwell Ave, Plainsboro, NJ 07950
      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.
    1625 Nj-10
    Morris Plains, NJ 07950
    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.
    Sign Up Successful!
    You now have access to more from Realmo!