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Property profile & analytics
FOR LEASE
Office buildings

3 Wing Dr Cedar Knolls, NJ 07927

65,400 SF 5.46 ac lot Built 1980
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US59-0471938
Property summary
AI-generated overview

This exceptional 5,327 square foot office suite, available September 1st, 2024, is located in a prestigious Cedar Knolls address with convenient access to major highways. The space features a sophisticated double glass door entry, a modern LVT reception area, four private perimeter offices, and two sizable conference rooms. A spacious eat-in kitchen and dedicated IT room add to the functionality. A large open bullpen area is ideal for cubicles, offering flexibility for various team configurations. The suite is fully built-out as a professional services office and is in excellent condition. Tenants are responsible for electricity usage. The building itself is a Class B, two-story structure built in 1980, encompassing 65,400 square feet. It offers ample natural light, drop ceilings, central heating and air conditioning, and a generous 328 surface parking spaces. The building is managed by a reputable Morris County landlord. The lease rate is $17.00 per square foot per year. This property presents a turnkey solution for businesses seeking a high-quality, well-appointed office space in a desirable location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1980
Total area 65,400 SF
Lot 5.46 ac (238,055 SF)
Zoning code IP
APN 12 01101-0000-00009
UPID US59-0471938
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
  • Schraft's 2.0 Pharmacy
  • Netline Corporation Business Management Consultant
  • Pixel (Bike/Boat/Book/etc) Store Corporate Office
  • Panurgy IT Solutions Tech Support Center IT Consulting Firm
  • Giblin Combs Cunningham & Masone Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.09M
Blend (final) Blend
$9.23M
Owner & transaction history
Ei Ridgedale Avenue Land INC
Ei Ridgedale Avenue Land INC
4 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
IP · Cedar Knolls, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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