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Property profile & analytics
OFF-MARKET Estimated value $7,370,000
Office buildings

14 Ridgedale Ave Cedar Knolls, NJ 07927-1107

50,400 SF 4.38 ac lot Built 1975
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-0217109
Property summary
AI-generated overview

This exceptional two-story office building, constructed in 1975, offers 50,400 square feet of space, with a currently available 1,025-square-foot suite ideal for executive or medical office use. The building features a passenger elevator, providing convenient access to both floors. Each floor encompasses approximately 25,200 square feet, with generous 12-foot unfinished ceiling heights. Ample surface parking is available with 300 spaces. The property is zoned IP and enjoys a highly convenient location near major highways, providing easy access for employees and clients. Nearby amenities include Wegmans, ShopRite, Starbucks, Panera Bread, Seasons 52, and the Capital Grille, enhancing the appeal and convenience of this location. The building is situated near the Hanover Marriott and Parsippany Hilton hotels, as well as a daycare facility. This exceptional property offers a blend of functionality, accessibility, and prime location, making it an ideal choice for businesses seeking a professional and convenient workspace. The minimum divisible space is 1,025 square feet, and the maximum contiguous space currently available is also 1,025 square feet. The building allows for extended hours of operation, offering flexibility for tenants.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Total area 50,400 SF
Lot 4.38 ac (190,967 SF)
Zoning code IP
APN 12 01101-0000-00011
UPID US59-0217109
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • E.A. Goodman Law LLC Law Firm
  • Odunlami Law Firm, LLC Law Firm
  • O'Toole, Couch & Della Rovere LLC Law Firm
  • Asplundh Construction Corporation Construction Company
  • DataBase Technologies (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.55M
Blend (final) Blend
$7.37M
Owner & transaction history
Cedar Knolls Plz I Assocs LLC · 7 yrs held
Cedar Knolls Plz I Assocs LLC
since 2018
7 recorded transactions
2018
Price N/A
2011
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IP · Cedar Knolls, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $12.3M +16.2%
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