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Property profile & analytics
OFF-MARKET Estimated value $16,400,000
Industrial properties

9 Whippany Rd Whippany, NJ 07981-1540

16 ac lot
Entity Owned 3-yr Hold Absentee Owner Free & Clear
Property ID
US59-1295671
Property summary
AI-generated overview

This exceptional Hanover, NJ distribution center at 9 Whippany Road offers a prime opportunity for businesses seeking flexible industrial space. The property boasts a total of 24,000 square feet, with 2,500 square feet currently available for lease. Situated on a one-acre lot in Morris County, this multi-tenant building provides convenient access to major transportation arteries, including Routes 10, 287, and 80, ensuring efficient logistics. The building features a 22-foot ceiling height, ideal for high-volume storage and operations. Loading and unloading are facilitated by three loading docks and one drive-in door. The property also includes a newly renovated one-acre area with fresh asphalt, five new concrete slabs, and a secure gated entrance with code access. An adjacent 1,000 square foot office space is also available, providing convenient on-site administrative capabilities. This location offers a blend of modern amenities and strategic accessibility, making it an ideal choice for distribution and logistics companies seeking a well-maintained and conveniently located facility in Northern New Jersey. The property is classified as Office and Industrial, with a distribution subtype. The zip code is 07981.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 16 ac (696,960 SF)
Zoning code IP
APN 12 05901-0000-00021- 01
UPID US59-1295671
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
  • The Flooring Gallery, LLC General Contractor Renovation Specialist
  • Wanderlogic Inc. Telecommunications Service General Contractor
  • CAES- Herley Industries / Herley-CTI, Inc Electronics & Wireless Store
  • Squash Advantage Gym & Fitness Center
  • New Jersey Krav Maga Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$10.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$16.40M
Owner & transaction history
9 Whippany Road Real Estate LLC · 3 yrs held
9 Whippany Road Real Estate LLC
since 2023
Last sale
$17.0M
7 recorded transactions
2026
Price N/A
2025
Price N/A
2023
Price N/A
2023
Price N/A
2023
Price N/A
2017
$20.1M
2014
$17.0M
Zoning & alternative use
IP · Whippany, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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