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Property profile & analytics
FOR LEASE
Commercial real estate

6 Hilltop Rd Mendham, NJ 07945

0.47 ac lot Built 1876
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US59-1403375
Property summary
AI-generated overview

Located at 6 Hilltop Road in Morris County, this property offers multiple traditional office suites available for lease. The building is situated in the Historic Business District (Block 1501, Lot 41) and features convenient on-site parking. There are 21 parking spaces directly adjacent to a municipal lot, ensuring ample parking for tenants and their clients. Each suite includes its own bathroom, providing privacy and convenience. The property is zoned for business use. The lease includes real estate taxes; however, tenants are responsible for all utilities. This presents a fantastic opportunity for businesses seeking well-maintained office space in a desirable location with convenient parking and included real estate taxes. The property type is listed as Retail and Office, but the subtype is specifically Traditional Office. The building is well-suited for a variety of businesses seeking a comfortable and functional workspace in a historic district. Interested parties are encouraged to inquire for further details and availability. The property is ideal for businesses seeking a blend of historical charm and modern convenience. The included real estate taxes offer a significant advantage, reducing overall operating costs. The ample parking ensures ease of access for employees and clients alike.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1876
Construction FRAME
Lot 0.47 ac (20,473 SF)
Zoning code B
APN 18 01501-0000-00041
UPID US59-1403375
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
  • Grand Bazaar Home Decor Store (Bike/Boat/Book/etc) Store
  • Florist Mendham NJ - Vaz of Mendham, Florist NJ, Flowers, Plants, Gifts NJ (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Acorn Holdings LLC · 10 yrs held
Acorn Holdings LLC
since 2015
3 recorded transactions
2015
$965,000
2014
Price N/A
2014
Price N/A
Zoning & alternative use
B · Mendham, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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