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Property profile & analytics
FOR LEASE
Commercial real estate
200 Campus Dr Florham Park, NJ 07932
Entity Owned
6-yr Hold
Free & Clear
Property ID
US59-1189723
For Lease
1 / 2
Contact for pricing
200 Campus Dr, Florham Park, NJ 07932
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1992
Lot
27.5 ac (1,197,900 SF)
Zoning code
C-4
APN
11 01201-0000-00005
UPID
US59-1189723
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
-
Rogers Mary Law Firm
-
The Jones Group - Ameriprise Financial Services, LLC Financial Advisor
-
Christal Generoso - Registered Practice Associate, Ameriprise Financial Services, LLC Financial Advisor
-
Richard Avdoyan - Associate Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
BrickVine Private Wealth - Ameriprise Financial Services, LLC Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$190.31M
Owner & transaction history
Kb Ie 190-200 Campus Drive LLC · 6 yrs held
Kb Ie 190-200 Campus Drive LLC
since 2020
Last sale
$180.7M
7 recorded transactions
Zoning & alternative use
C-4 · Florham Park, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Florham Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florham Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$209,530,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$190.31M
Range $171.28M – $209.34M · ±10% · vs last sale $180.70M (Feb 4 2020)
Last sale anchor
$180.70M
Feb 4 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$548,931
Tax year 2022
Assessed value
$34,052,800
Assessed 2023
Previous assessed
$34,052,800
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$6,750,000
Assessed improvement
$27,302,800
Land market value
$6,750,000
Improvement market value
$27,302,800
Total market value
$34,052,800
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
1992
Heating
NONE
Lot
27.5 ac (1,197,900 SF)
Zoning code
C-4
APN
11 01201-0000-00005
UPID
US59-1189723
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-4 · Florham Park, NJ
Zoning C-4 · permitted uses
C-4 · Florham Park, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florham Park. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Lot
27.5 ac
Current owner
From public records · entity-resolved
Kb Ie 190-200 Campus Drive LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1140 AVE OF THE AMERICAS, NEW YORK, NY 10036-5803
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2020
—
200 Campus Drive LLC
—
Deed
related
$30,000,000 · Dime Cmnty Bk
Feb 6, 2020
—
Kb II 190-200 Campus Drive LLC
—
Deed
related
$18,319,831 · Wells Fargo Trust Co NA (ce)
Feb 4, 2020
—
Kb Ie 190-200 Campus Drive LLC
Kbsh 100-200 Campus Drive LLC
Grant Deed
related
—
Apr 2, 2018
—
Kbsii 100-200 Campus Drive LLC
—
Grant Deed
related
$500,000,000 · Bank Of America/il
Mar 11, 2013
—
Kbsii 100-200 Campus Drive LLC
—
Grant Deed
related
$235,000,000 · Us Bk
Sep 12, 2008
$180,700,000
Kbsii 100-200 Campus Drive LLC
100/200 Campus Drive LLC
Deed
$89,800 · Wells Fargo Bank NA
—
—
200 Campus Drive LLC
—
Deed Of Trust
related
$30,000,000 · Dime Cmnty Bk
—
—
Kb II 190-200 Campus Drive LLC
—
Deed Of Trust
related
$18,319,831 · Wells Fargo Trust Co NA (ce)
—
—
Kbsii 100-200 Campus Drive LLC
—
Loan Modification
related
$235,000,000 · Us Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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