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    163 Madison Ave Morristown, NJ 07960

    For Lease
    $27 SF/Yr ($9,765 /Mo)

    Office space for rent on Madison Avenue in Morristown.

    Property size:
    4,340 SF
    Lot size:
    6.73 Acres

    Property Features for 163 Madison Ave

    General Information

    Size
    4,340 SF
    Lot size
    6.73 Acres

    Source: Lee & Associates | Whippany Agent Suzanne Kiall

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

    Overview

    Morristown Office Space on Madison

    This office space is located on Madison Avenue in Morristown, providing convenient access to shopping, banking, and restaurants. The location offers direct access to Routes 287, 24, 202, and 10, and is situated minutes from both Morristown and Convent Train Stations. Morristown Medical Center is within walking distance. The property is located 34 minutes from the Holland Tunnel, 24 minutes from Newark Liberty International Airport, and 5 minutes from Morristown Airport. The property includes a high-end grab-and-go cafe, a fitness center, a conferencing center, on-site maintenance, outdoor plaza seating, and on-site banking provided by PNC Bank. The property offers 4,340 square feet of office space.
    Location Intelligence

    Current Use by Public Records

    Beacon Trust Company Bank Donnelly Minter & Kelly, ... Attorney Milvidskiy Law Group ... Estate Planning Attorney David M. Blackwell, ... Attorney Chipperson Law Group, ... Patent Attorney

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4584683
    Latitude
    40.7880948

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    FAQs

    What type of property is this?
    Office space - Office space for rent on Madison Avenue in Morristown.
    Where is this office space located?
    The property is located at 163 Madison Ave Morristown, NJ.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - Premier Madison Avenue location in Morristown with access to shopping, banking, and restaurants.; - Direct access to Routes 287, 24, 202 & 10, and proximity to Morristown and Convent Train Stations.; - Enjoy on-site amenities including a high-end grab-and-go cafe, fitness center, and conferencing center.
    (973) 886-3687
    Request Owner's contact information
    163 Madison Ave Morristown, NJ 07960
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    Morristown, NJ 07960
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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
    163 Madison Ave Morristown, NJ 07960
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