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    1 Madison Ave Morristown, NJ 07960

    For Lease
    $4,000 /Mo

    Five-office suite with waiting area and shared amenities for rent.

    Lot size:
    0.47 Acres

    Property Features for 1 Madison Ave

    General Information

    Lot size
    0.47 Acres

    Building Details

    Year built
    1905

    Source: WEICHERT REALTORS Agent JOHN KANABAY

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

    Overview

    Professional Office Suite in Morristown

    Located at 1 Madison Avenue in Morristown, this property offers a professional third-story office suite. The suite includes five offices, a waiting area, and a bathroom. It is suitable for therapists, accountants, attorneys, or other professional uses. The rental rate is all-inclusive, covering all utility costs. Tenants have access to a lobby featuring custom woodwork, a shared kitchen, and a walkout deck with an outdoor meeting space. The building's location provides convenient access to Route 287.
    Insight Report Location Intelligence

    Current Use by Public Records

    Whelan Scott Asset ... Financial Planner The Walters Group Commercial Real Estate Agency Kieran Ayer Ph.D., ... Addiction Treatment Center RE/MAX Select of NJ ... Real Estate Agency Michael Elms, The Elm ... Real Estate Agent

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing 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
    -74.4708026
    Latitude
    40.788375

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    FAQs

    What type of property is this?
    Office space - Five-office suite with waiting area and shared amenities for rent.
    Where is this office space located?
    The property is located at 1 Madison Ave Morristown, NJ.
    What are key features of this property?
    This property features: - Prime Morristown location with easy access to Route 287.; - Enjoy all-inclusive rent with no additional utility costs.; - The **5-office suite features a waiting area and bathroom.**
    (609) 921-1900
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    1 Madison Ave 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
    1 Madison Ave Morristown, NJ 07960
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