83 Hanover Rd Florham Park, NJ 07932-1508
This exceptional two-story medical office building, totaling 55,000 square feet, presents a unique opportunity in Florham Park, NJ. Located at 83 Hanover Road, this highly visible property boasts a park-like setting with ample parking and is conveniently situated between Route 10 and South Orange Avenue-Columbia Turnpike, offering excellent access to major roadways including I-280, I-287, and Route 24. Built in 2005 and renovated in 1997, the building features a striking façade, a two-story atrium lobby, a canopy, and modern amenities such as car charging stations and a new generator pad. Currently, 1,603 square feet of office space is available for lease within this multi-tenant building. The property's strategic location in Morris County places it in close proximity to several prominent healthcare facilities, including Morristown Memorial, Cooperman Barnabas Medical Center, Barnabas Health Ambulatory Care Center, and Overlook Hospitals, making it an ideal location for medical practices seeking high visibility and convenient access to a large patient base. The building's attractive features and prime location combine to create an exceptional opportunity for medical professionals seeking a modern and well-equipped workspace.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C-1 · Florham Park, NJFlorham Park. Always verify with local authorities before improvements.
Costs & 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.