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    Property profile & analytics
    OFF-MARKET Estimated value $595,000
    Office buildings

    16 Wing Dr, Cedar Knolls, NJ 07927-1023

    4.54 ac lot Built 1985
    Entity Owned 4-yr Hold Absentee Owner Free & Clear
    Property ID
    US59-0360053
    Property summary
    AI-generated overview

    This exceptional office property, located at 16 Wing Drive in Hanover, New Jersey, 07927, offers a blend of traditional and creative office space. The building, a Class B property constructed in 1979, comprises 32,000 square feet across two stories. Currently, a minimum of 1,866 square feet is available for lease, ideal for a variety of businesses. The building features ample parking with 225 spaces and convenient elevator access. Situated in the Parsippany Submarket, Cedar Knolls cluster, this location provides easy access to major roadways, including Route 10 and Ridgedale Avenue. Nearby amenities include Wegmans, LA Fitness, Shoprite, Seasons 52, and Capital Grille. The property is zoned IP and is in Morris County. While one available space is described as a beautifully appointed 2,825 sq ft loft-style suite with hardwood floors, four private offices, a large open bullpen, and a conference room, the minimum leasable space is 1,866 sq ft. This presents a fantastic opportunity for businesses seeking a well-located, functional, and accessible office space in a thriving New Jersey community.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1985
    Lot 4.54 ac (197,850 SF)
    Zoning code IP
    APN 12 01101-0000-00004
    UPID US59-0360053
    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
    • Bergen Medical Products, Inc. Production Facility
    • Recombinators Business Management Consultant
    • Main Library Alliance Charitable Organization Social Service Agency
    • Out of the Box Physical Therapy Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $595k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $595k
    Owner & transaction history
    Net Access LLC · 4 yrs held
    Net Access LLC
    since 2022
    1 recorded transaction
    2022
    Zoning & alternative use
    IP · Cedar Knolls, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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