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    Property profile & analytics
    FOR SALE
    Commercial real estate

    9 Mount Pleasant Tpke, Denville, NJ 07834

    9,348 SF 0.93 ac lot Built 1987
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US59-0018503
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1987
    Total area 9,348 SF
    Lot 0.93 ac (40,511 SF)
    Zoning code B2-A
    APN 08 21301-0000-00006
    UPID US59-0018503
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.06M
    Comparable Approach Comparable
    $963k
    Blend (final) Blend
    $1.01M
    Owner & transaction history
    YORIRAJ MANAGEM ENT
    YORIRAJ MANAGEM ENT
    Zoning & alternative use
    B2-A · Denville, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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