1250 Sussex TpkeRandolph, NJ 07869

Property Details for 1250 Sussex Tpke

Year built

2009

Construction

CONCRETE BLOCKS

Lot size

1.26 AC

Property size (Sq ft)

16,800 SF

Zone code

B-1

Property type

Commercial real estate

APN

32 00093-0000-00009

APU

3200093000000009

Description

This exceptional 1,570 square foot creative office suite is available for lease in the Mt. Freedom section of Randolph Township, New Jersey. Located on the second floor of a prestigious 2008-built mixed-use property at 1250 Sussex Turnpike, 07869, this single-tenant space boasts a stunning open floor plan perfect for a variety of uses, particularly wellness-focused businesses. Features include hardwood floors, hand-painted murals, a private bathroom, dedicated office space, a welcoming reception area, ceiling fans, and unique hot yoga heating panels. The suite also offers a distinctive barn door entry, ample parking, building signage, central air conditioning, secure storage, and 24/7 accessibility. Its prime location provides easy access to Route 10 and Millbrook Avenue, and is just five miles west of Morristown, ensuring high visibility and convenient commuting. This turnkey space is move-in ready and offers a high-end, trophy-quality environment within a thriving Western Morris County submarket. The property is situated in Morris County and benefits from the amenities and accessibility of a mixed-use development.

• CAP approach

  CAP return

  Valuation

  6%

  $3,476,250

  6.5%

  $3,208,840

  7%

  $2,979,640

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,198,080

  Geo Method

  $2,195,090

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,335,000

  Retail / Commercial

  $3,245,130

  Mixed-Use / Specialty

  $3,230,850

  Hospitality / Lodging

  $2,366,850

  Office

  $3,208,840

  Institutional / Educational

  $3,357,820

  Residential Income

  $3,928,650

  Multifamily

  $4,726,800

  Automotive / Energy

  $2,878,130

  Parking / Income-Based Land

  $995,879

  Restaurant / Food Service

  $1,674,620

  Healthcare / Senior Housing

  $3,315,950

Location Insight

City

Randolph

County

Morris

State

New Jersey

Latitude

40.827

Longitude

-74.5828

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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