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Property profile & analytics

236 Millbrook Ave Randolph, NJ 07869

  • Commercial real estate
  • 1,629 SF
  • 1.61 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US59-0171343
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Law Advocates LLC / Law Firm

Property Details for 236 Millbrook Ave

Year built
1800
Construction
FRAME
Lot size
1.61 lot acres
Property size
1,629 SF
Zone code
B-2
Property type
Commercial real estate
APN
32 00145-0000-00059
APU
3200145000000059

Description

This exceptional commercial property, located at 236 Millbrook Ave, Unit 3L, Randolph, NJ, offers 6,600 square feet of meticulously renovated space within a historically significant building. Completed in 2011, the renovation ensured the preservation of the building's character while incorporating modern amenities. The property boasts an abundance of natural light, thanks to its large, attractive windows, creating a bright and welcoming atmosphere ideal for a variety of professional uses. Its suitability for law firms, accounting practices, insurance agencies, or medical offices is particularly noteworthy. Situated on a 1.61-acre lot, this property provides ample space and parking. The current long-term tenants generate a consistent rental income stream, presenting a compelling investment opportunity for an owner-operator seeking to establish their own practice while simultaneously benefiting from passive income. The property's prime location in Randolph, NJ, further enhances its appeal and potential for growth. This is a rare chance to acquire a well-maintained, income-producing commercial property in a desirable location. The building's elegant design and functional layout combine to create a truly exceptional commercial space. The asking price is $1,800,000.


Value Estimations

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  • CAP approach

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Location Insight

  • Map
  • Local Demand
City
Randolph
County
Morris
State
New Jersey
Longitude
-74.5569
Latitude
40.8644
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$44,198
$764,800
$888,700
$1,653,500
-
$764,800
$888,700
$1,653,500
More about this property
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