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    1201 Us-202 Morristown, NJ

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    For Lease
    $25 SF/Yr ($3,506 /Mo)

    Premier medical/office condominium in Harding Township's 'Country Mile'.

    Property size:
    1,683 SF
    Lot size:
    2.50 Acres

    Property Features for 1201 Us-202

    General Information

    Size
    1,683 SF
    Lot size
    2.50 Acres

    Source: Coldwell Banker Commercial NRT | Warren Agent Ajay Jasti

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Medical/Office Condominium Near Morristown

    Located on 2.52 acres along Route 202 in Harding Township, this 13,725-square-foot medical and office condominium offers high daily visibility with approximately 10,184 vehicles passing by each day. The property is part of the Jockey Hollow Professional Building, a mixed-use complex with tenants such as the Radiology Center of Harding and Dental Associates of Basking Ridge. The two-story, Class B building features 75 surface parking spaces and flexible floor plans. It is situated minutes from downtown Morristown and Interchange 30B of I-287, near major corporate campuses including Verizon HQ and United Health. Currently home to four medical tenants, the 1,683 square feet property is suitable for healthcare providers and professional services, offering an opportunity to secure a stake in a medical hub near Morristown Medical Center. Lease requirements include a credit check.
    Location Intelligence

    Current Use by Public Records

    Medical offices

    Similar Places Nearby

    Washington Street Veterinary Service - Libby Nesvold DVM, Feline Health Center, House Calls For Pets

    Map

    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4815438
    Latitude
    40.7967667

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    FAQs

    What type of property is this?
    Medical office - Premier medical/office condominium in Harding Township's 'Country Mile'.
    Where is this medical office located?
    The property is located at 1201 Us-202 Morristown, NJ.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Route 202 with high visibility.; - Substantial 13,725 sq ft medical/office condominium on 2.52 acres.; - Part of the well-established Jockey Hollow Professional Building with reputable anchor tenants.
    (732) 749-2072
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    Realmo Value Estimation

    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.

    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.

    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
    1201 Us-202 Morristown, NJ
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