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Property profile & analytics

712 State Route 10 Whippany, NJ 07981

  • Commercial real estate
  • 2,104 SF
  • 1.67 lot acres
Value Estimation
Last Sale
May 05, 2025
$1,200,000
Location Intelligence
Property ID
US59-3066300
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

  • Commercial real estate

Property Details for 712 State Route 10

Year built
1940
Construction
FRAME
Lot size
1.67 lot acres
Property size
2,104 SF
Zone code
B
Property type
Commercial real estate
APN
12 08802-0000-00001
APU
1208802000000001

Description

This exceptional 1.67-acre commercial property, located at 712 State Route 10, Unit 0, in Whippany, NJ, presents a unique investment opportunity. The property boasts a prime location directly on Route 10, ensuring high visibility and accessibility for any business. The expansive 2,100 square foot building offers significant potential for a variety of uses. The zoning permits both office and retail trade uses, making it ideal for a diverse range of businesses. This versatile property is particularly well-suited for contractors or online businesses seeking a prominent location with ample space. The substantial lot size provides significant room for expansion or future development. While the existing structure offers immediate usability, the land itself represents the primary value proposition. Please note that outside storage and heavy distribution are not permitted under the current zoning regulations. This property is priced at $1,200,000 and represents a compelling investment in a high-traffic area with strong growth potential. Serious inquiries are encouraged to explore the possibilities this exceptional location offers. The property is ready for immediate occupancy and offers a rare opportunity to establish a thriving business in a highly visible and convenient location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $1,040,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,025,000
    6.5%
    $895,000
    7%
    $1,050,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $960,000
    Geo Method
    $1,070,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $860,000
    Retail
    $1,020,000
    Mixed-Use
    $845,000
    Hospitality
    $905,000
    Educational
    $1,040,000
    Residential Income
    $975,000
    Energy
    $825,000
    Income-Based Land
    $865,000
    Food Service
    $880,000

Location Insight

  • Map
  • Local Demand
City
Whippany
County
Morris
State
New Jersey
Longitude
-74.419
Latitude
40.8255
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$16,861
$671,200
$166,000
$837,200
-
$671,200
$166,000
$837,200
More about this property
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