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Property profile

2 Hanover Ave Randolph, NJ 07869

OFF-MARKET
Commercial real estate
Property ID
US59-1735610
7,800 SF 0.72 ac lot Built 1980
Last sale Mar 2019 · $4,611
Individually Owned Owner of record is an individual. 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 1,250 square foot office space, located at 2 West Hanover Avenue in Randolph, New Jersey, presents a unique opportunity for businesses seeking a modern and functional workspace. Completely renovated in 2022, this Class B building offers a flexible layout ideal for executive, medical, or creative office uses. The suite boasts a welcoming reception area, a spacious corner office/conference room, and two additional private offices, ensuring privacy and productivity. Shared…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$26k
Tax billed · 2022
Assessed value · 2023$957k
Assessed land$450k
Assessed improvement$507k
Effective rate2.67%

Value estimate

· Oct 2026
$870k
$783k – $957k
CAP approach$880k
Submarket $/SF estimate$1.21M

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$179/SF
ZIP average, outlier-cleaned · 39 recorded sales of this use type
Observed band · Q1–Q3$156 – $227
Qualifying comparables10

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?
VCC
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand index
Restaurant15.7
Building Supply15.6
Wholesale Shop15.0

Location

2 Hanover Ave Randolph, NJ 07869-4222
County assessor Recorded deeds · 9 transfers 10 qualifying comp sales 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
5 Emery, Randolph, NJ 07869-1300 $3,500,000 Sep 2024 16,800 SF
540 State Rte 10, Randolph, NJ 07869-2026 $1,905,500 Nov 2022 9,450 SF
715 State Rte 10, Randolph, NJ 07869-2025 $3,200,000 Jul 2022 8,230 SF
1194 Sussex, Randolph, NJ 07869-3707 $1,640,000 Jun 2022 6,473 SF
1176 State Rte 10, Randolph, NJ 07869-1832 $1,550,000 Feb 2022 4,791 SF
389 Dover Chester, Randolph, NJ 07869 $1,400,000 Jan 2022 11,900 SF
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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