9 Mount Pleasant Tpke, Denville, NJ 07834
For Sale
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This exceptional two-story Class B medical office building, situated at 9 Mt Pleasant Turnpike in Denville, New Jersey (zip code 07834), presents a compelling investment opportunity. The property encompasses 10,000 square feet of net rentable space, distributed across seven units within a single building on a 0.93-acre lot. Currently, the building enjoys 50% occupancy, offering immediate income potential and significant upside for a new owner. The building is zoned B2-A, allowing for a variety of medical uses. Its prime location offers unparalleled visibility and accessibility, situated directly off Route 10E and conveniently across from The Shoppes at Union Hill, home to popular retailers such as Trader Joe's, Panera Bread, and Starbucks. Ample parking is available for tenants and visitors. This multi-tenant property is offered under a Net Net lease structure, making it an attractive option for investors seeking a stable and potentially high-return investment. The building's owner-occupied status further enhances its appeal. This is a rare opportunity to acquire a well-located, established medical office building with significant growth potential in a thriving New Jersey market. The property is located in Morris County.
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
Property description
Physical attributes from public recordsZoning & alternative use
B2-A · Denville, NJDenville. Always verify with local authorities before improvements.
No recorded transactions found for this property.
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.