Financial
Distress signals
Property profile

9 Whippany Rd Whippany, NJ 07981

OFF-MARKET
Industrial properties
Property ID
US59-1295671
16 ac lot
Last sale Jul 2017 · $20,110,563
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Hanover, NJ distribution center at 9 Whippany Road offers a prime opportunity for businesses seeking flexible industrial space. The property boasts a total of 24,000 square feet, with 2,500 square feet currently available for lease. Situated on a one-acre lot in Morris County, this multi-tenant building provides convenient access to major transportation arteries, including Routes 10, 287, and 80, ensuring efficient logistics. The building features a 22-foot ceiling height,

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$303k
Tax billed · 2023
Assessed value · 2024$14.64M
Assessed land$3.66M
Assessed improvement$10.98M
Effective rate2.07%

Value estimate

· Sep 2026
$16.40M
$14.76M – $18.04M
AI approach$10.09M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$179/SF
County average, outlier-cleaned · 85 recorded sales of this use type
Observed band · Q1–Q3$134 – $250

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
IP
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.4
Hair Salon14.3
Restaurant13.7

Location

9 Whippany Rd Whippany, NJ 07981-1540
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
55 Jefferson, Whippany, NJ 07981-1034 $7,400,000 Dec 2025 No data
125 Algonquin, Whippany, NJ 07981-1649 $15,225,000 Jan 2022 No data
7 Leslie, Whippany, NJ 07981 $4,210,000 Jan 2022 24,700 SF
145 Algonquin, Whippany, NJ 07981-1645 $3,643,000 Jan 2022 23,588 SF
156 Algonquin, Whippany, NJ 07981-1633 $2,922,000 Jan 2022 17,836 SF
1 Leslie, Whippany, NJ 07981-1635 $3,297,600 Aug 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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