Randolph, NJ
Commercial Real Estate Market Trends & Data

$267 Avg asking sale price
$18 Avg asking lease rate
8,244 SF Avg unit lease size
21,305 SF Avg building size for sale
7.35% Average cap rate

Randolph's Demographic Profile

Randolph has 8,910 households and a median income of $167,796, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 25,436
# Households 8,910
Median age 42
Median household income $167,796
Avg household size 3.0
Renter-occupied housing units 2,248
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Randolph, NJ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Succasunna $524 12,267 SF 6.50%
Roxbury Township $458 5,890 SF 6.50%
Nearby Retail Markets Avg Cost/SF Typical Size
Randolph $173 19,017 SF
Kenvil $192 3,645 SF
Succasunna $289 4,790 SF
Roxbury Township $295 3,813 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Randolph $289 6,576 SF 6.05%
Morristown $489 21,623 SF 1.67%
Wharton $444 7,631 SF 7.02%

Commercial Properties For Sale in Randolph

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

NEW TO MARKET! OWNER FINANCING AVAILABLE

Randolph, NJ 07869

  • 3,526 SF Office Building
  • $899,999
For Sale

Salem Square

Denville, NJ 07834

  • 16,804 SF Office Building
  • $250,000
For Sale

126 E Dickerson St

Dover, NJ 07801

  • 65,000 SF Industrial Building
  • $12,300,000
For Sale

10 W Hanover Ave

Randolph, NJ 07869

  • 15,000 SF Office Building
  • $168,300
For Sale

College Plaza

Randolph, NJ

  • Retail Building
  • 8.00% Cap Rate
  • $16,250,000
For Sale

295 US Highway 46

Rockaway, NJ 07866

  • 100,007 SF Retail Building
  • 7.36% Cap Rate
  • $14,800,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Randolph pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Randolph $267 21,305 SF
Mine Hill $455 7,051 SF
Kenvil $330 2,384 SF
Succasunna $358 10,731 SF

Regional Demographic Comparison

This comparison places Randolph alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Randolph or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Randolph 25,436 8,910 42 $167,796 3 2,248 -1%
Mine Hill 3,794 1,390 44 $99,834 3 193 -2%
Kenvil 2,932 1,041 44 $68,918 3 267 -1%
Succasunna 10,032 3,530 46 $149,737 3 290 -1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Randolph, NJ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Randolph

View All Commercial Real Estate For Sale in Randolph
Is Randolph a good market for a first-time commercial real estate investor?

Randolph offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Randolph?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Randolph. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Randolph?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Randolph. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Randolph compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Randolph. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Randolph acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Randolph, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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