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    7 Elm St Morristown, NJ 07960

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    For Lease
    Contact for pricing

    Morristown office space near medical center with on-site parking.

    Property size:
    2,400 SF
    Lot size:
    1.77 Acres

    Property Features for 7 Elm St

    General Information

    Size
    2,400 SF
    Lot size
    1.77 Acres

    Source: Newmark & Associates, Inc. Agent Douglas Greenberger

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

    Overview

    Medical Arts Building Office Space

    This 2,400 square foot office space is located in the Morristown Medical Arts Building, with access from Elm Street and South Street. The property is located 3 minutes from Morristown Medical Center and within walking distance of retail, shops, and banking. The layout includes 7 exam rooms with sinks, 3 offices, a large waiting room, and a reception area with check-in/check-out. It also features a private, handicap-accessible restroom and a utility room with a sink. The space has been freshly painted and includes new flooring, ceiling tiles, and lighting. On-site parking is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Similar Places Nearby

    Feline Health Center

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4751617
    Latitude
    40.7925961

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    FAQs

    What type of property is this?
    Medical office - Morristown office space near medical center with on-site parking.
    Where is this medical office located?
    The property is located at 7 Elm St Morristown, NJ.
    What are key features of this property?
    This property features: - 3 minutes to Morristown Medical Center; - **7 Exam rooms with sinks**; - On site parking
    (973) 884-4444
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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
    7 Elm St Morristown, NJ 07960
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