Who should represent my mixed-use property in Morris County?
Pick a broker who handles both the commercial and the residential side: retail or office leasing on the ground floor and apartment income above. Ask for recent Morris County mixed-use or similar deals, their pricing method and fee terms in writing. AcreX is a Caldwell-based brokerage serving Morris County.
Ask for recent local deals of mixed-use or similar buildings, with towns, size and their role.
Ask how they would lease vacant storefronts and how that changes the price.
Check the broker’s licence on the NJ Real Estate Commission licensee search.
Get the fee, term and exclusivity in writing (N.J.S.A. 25:1-16).
How is a mixed-use building in Morris County valued?
Usually on total net operating income from the apartments and the commercial space, divided by a cap rate that reflects both, then checked against comparable sales. Vacant storefronts, short commercial leases or rent-controlled units lower the value. AcreX has no published mixed-use cap rate for Morris County and prices from your rent roll.
Renter households: 50,069 of 191,840 occupied homes in Morris County are renter-occupied (26.1%, ACS 2019-2023). Source
Office, Morristown Area: 14.6% vacancy, $30.34/SF average asking rent (Newmark, 3Q 2026). Source
Office, Parsippany/Route 10: 20.3% vacancy, $29.06/SF average asking rent (Newmark, 3Q 2026). Source
Office, Morris West/I-80: 24.3% vacancy, $25.31/SF average asking rent (Newmark, 3Q 2026). Source
Newmark reports office by submarket, not county. No free public county-level retail report was found, so retail rents are not shown.
Mixed-use projects in Morris County from the AcreX sheet
The AcreX sheet lists 4 Morris County multifamily projects whose public description mentions mixed use or retail space, and 1 project on the Commercial tab typed as mixed use, as of October 24, 2026.
71 Bassett Highway (Dover): 640 units, Approved. Three mixed-use buildings with 640 residential units and 11,733 SF commercial/retail. Source
29, 33, 37 & 39 River Road (Chatham Borough): 100 units, Approved. 4-story mixed use residential building with 100 units and retail space. Source
181 Howard Boulevard (Mount Arlington): 80 units, Approved. Amended preliminary and final major site plan: mixed-use redevelopment, Building #2 reduced from 47 to 43…. Source
1481 Route 23 (Kinnelon): 20 units, Approved. Major site plan: 3-story mixed-use building with restaurant and 20 residential rental units. Source
Jay OM, Inc. - mixed-use building with three first-floor commercial units and residential… (Parsippany-Troy Hills): mixed-use (retail/residential), Approved. Source
The map above is filtered to Morris County. Full pipeline map
What should I prepare before selling a mixed-use building?
A rent roll for both the apartments and the commercial units, all leases, a trailing-12-month operating statement, tax and utility bills, the certificate of occupancy, any rent control registration and the zoning for the commercial use.
Related pages
Mixed-use brokerage in other counties
Frequently asked questions
How many mixed-use projects is AcreX tracking in Morris County?
The AcreX sheet lists 4 Morris County multifamily projects whose public description mentions mixed use or retail space, and 1 project on the Commercial tab typed as mixed use, as of October 24, 2026.
What does a broker cost to sell or lease a mixed-use building?
Commission is negotiable and set in your listing agreement. In New Jersey a broker can only enforce a commission agreement that is in writing (N.J.S.A. 25:1-16).
Talk to AcreX
Book a consultation with Jonathan Libock · Call (201) 694-6463 · AcreX Commercial Real Estate, 307 Bloomfield Ave, Caldwell, NJ 07006
