236 Millbrook Ave Randolph, NJ 07869
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.
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Law Advocates LLC Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 · Randolph, NJCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.