Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    930 Mount Kemble Ave Morristown, NJ 07960

    View on Map
    Claim this Listing
    New
    For Sale
    $699,900

    Commercial - Harding Twp., NJ

    Property size:
    5,841 SF
    Lot size:
    0.61 Acres
    Price / SF:
    $119/SF
    Added:
    Apr 18, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 21 at 8:06 am

    Property Features for 930 Mount Kemble Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B-2
    Rooms
    Basement
    Parking
    16
    Basement Y/N
    1
    Standard status
    Active
    Size
    5,841 SF
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    8435

    Utilities

    Heating system
    Geothermal (Heating), Heat Pump (Heating)

    Building Details

    Year built
    1980
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Carpet, Linoleum, Tile, Vinyl
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    RICK J RUOTOLO

    Listing agent RICK J RUOTOLO

    Listing office RE/MAX TOWN & VALLEY II 211 ROUTE 10, Succasunna, NJ

    Listing date Apr 18, 2026

    MLS# 4021594 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Harding Twp. Office Building

    This is a rare opportunity to acquire a 5841 square foot, two-story office building, situated on a 0.61-acre lot. The property is located in a prime section of Harding Twp., NJ, and offers convenient access to Route 287. The building is currently vacant and ready for immediate occupancy. Zoned B-2, the property is being sold "AS IS".
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Racanelli Vincent DO Physician Dr. Paul E. ... Physician Chrobok J M ... Physician Washington Architectural Group Architect

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.5320785
    Latitude
    40.7454674

    Nearby Similar for Sale

    • $899,900
      2,304 SF

      Morristown Two-Family Investment Opportunity

      Well-maintained two-family property in Morristown with income potential.
      39 Atno Ave, Morristown Town, NJ 07960-9584
      View Details
    • $249,000
      1 SF

      Established Tailor Shop in Morristown

      Turnkey tailoring business with loyal clientele and growth potential.
      1 Elm, Morristown Town, NJ 07960-4109
      View Details
    • $1,300

      Morristown Office Space For Sale

      Office space in prime Morristown location, close to amenities.
      14 Elm St, Morristown Town, NJ 07960
      View Details
    • $2,500,000
      3,000 SF

      Morristown Mixed-Use Investment Opportunity

      Prime mixed-use property in the heart of Morristown.
      119 Morris St, Morristown Town, NJ 07960-4106
      View Details
    • $950,000

      Morristown Multi-Family Near Train Station

      Three-unit property near Morristown Train Station with rental income.
      11 King St, Morristown Town, NJ 07960-4129
      View Details
    • $1,100

      Morristown Office Space For Sale

      Two-room office space near Morristown's business district.
      18 Elm St, Morristown Town, NJ 07960
      View Details
    • $2,250,000
      4,563 SF

      Reimagined Mixed-Use Luxury Property

      Mixed-use property in Downtown Morristown with high-end residential and commercial.
      113 Washington St, Morristown Town, NJ 07960
      View Details
    • $1,900,000
      11,100 SF

      Morristown Free-Standing Building For Sale

      Free-standing building in Morristown with exceptional parking.
      910 Mt Kemble Ave, Morristown, NJ
      View Details
    • $7,000,000

      Retail Property in Morristown

      Retail property available for sale in Morristown, New Jersey.
      191 E Hanover Ave, Morristown, NJ
      View Details

    FAQs

    What type of property is this?
    Office building - 6000 sq ft office building in prime location.
    Where is this office building located?
    The property is located at 930 Mount Kemble Ave Morristown, NJ.
    What is the asking price?
    The asking price for this property is $699,900.
    (973) 598-1008
    We can help!
    Listing Contact
    RICK J RUOTOLO
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!