Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Bernardsville Retail Space Title is generated by Realmo AI

    2 Morristown Rd, Bernardsville, NJ 07924

    View on Map
    Claim this Listing
    For Lease
    $2,156/Mo $2 SF/Yr (calc)

    Prime 1,035 SqFt commercial space in downtown Bernardsville.

    Type:Commercial
    Property size:
    8,644 SF
    Added:
    Mar 21, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 1 at 8:55 pm

    Property Features for 2 Morristown Rd

    General Information

    Standard status
    Active
    Size
    8,644 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    9999

    We can help!

    Listing Contact
    CHARLES J. HENDERSHOT

    Listing agent CHARLES J. HENDERSHOT

    Listing office KL SOTHEBY'S INT'L. REALTY

    Listing date Mar 21, 2026

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of KL SOTHEBY'S INT'L. REALTY

    HighLights

    • Prime commercial space in the center of downtown Bernardsville.
    • 1,035 SqFt available.
    • Beautiful street‑facing space with professionally landscaped lot.
    • Ample parking.
    • Rich history and traditional character with appealing architectural details.
    • Private bathroom.

    Overview

    This commercial space is located in downtown Bernardsville. It offers 1,035 square feet of space. The property is situated in a bustling business district and features a professionally landscaped lot. The building maintains its traditional character with architectural details including wood floors, vaulted ceilings, exposed beams and detailed mouldings. It includes a private bathroom and ample parking.
    Location Intelligence

    Current Use by Public Records

    National Personal Training ... Vocational School FLX Networks, Inc. Corporate Office Excel Fitness Center Gym & Fitness Center O-PA! Performance Academy Training Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Bernardsville
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5683675
    Latitude
    40.718714

    Nearby Similar for Lease

    • $2,156/Mo
      8,644 SF

      Downtown Bernardsville Commercial Space

      Prime 1,035 SqFt commercial space in downtown Bernardsville.
      2 Morristown Rd, Bernardsville Boro, NJ 07924-2329
      View Details
    • $2,000/Mo
      3,400 SF

      Bernardsville Warehouse Space Available

      3,400 square foot warehouse space in downtown Bernardsville.
      76 Mine Brook Rd, Bernardsville Boro, NJ 07924-2429
      View Details
    • $2,156/Mo
      1,035 SF

      Downtown Bernardsville Commercial Space

      Prime 1,035 SqFt commercial space in downtown Bernardsville.
      2 Morristown Rd, Bernardsville, NJ 07924-2329
      View Details
    • $1,300/Mo
      1,349 SF

      Bernardsville Office Suites Available

      Prime office suites for lease in Bernardsville business district.
      27 Olcott Sq, Bernardsville Boro, NJ 07924
      View Details
    • $2,000/Mo
      3,400 SF

      Bernardsville Warehouse Space For Lease

      3,400 sq ft warehouse space in downtown Bernardsville.
      76 Mine Brook Rd, Bernardsville Boro, NJ 07924
      View Details
    • $2,775/Mo
      1,040 SF

      Retail Space in Business District

      Retail space in the heart of Bernardsville's business district.
      27 Olcott Sq, Bernardsville Boro, NJ 07924
      View Details
    • Contact for pricing
      747 SF

      Bernardsville Office Suites For Rent

      Prime office suites available in the heart of Bernardsville.
      27 Olcott Sq, Bernardsville, NJ 07924-2317
      View Details
    • Contact for pricing
      747 SF

      Bernardsville Office Suites Available

      Prime office suites for lease in Bernardsville business district.
      27 Olcott Sq, Bernardsville Boro, NJ 07924
      View Details
    • Contact for pricing
      1,800 SF

      Mixed-Use Retail/Office Building

      37,000 SF mixed-use building near train station.
      4 Essex Ave, Bernardsville, NJ
      View Details
    • Contact for pricing
      3,750 SF

      Bernardsville Retail Space Available

      Retail space available for rent in Bernardsville, New Jersey.
      62 US-202, Bernardsville, NJ
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime 1,035 SqFt commercial space in downtown Bernardsville.
    Where is this retail space located?
    The property is located at 2 Morristown Rd Bernardsville, NJ.
    What is the lease rate?
    The lease rate is $2,156 /Mo.
    What are key features of this property?
    This property features: Prime commercial space in the center of downtown Bernardsville.; 1,035 SqFt available.; Beautiful street‑facing space with professionally landscaped lot.
    (908) 696-8600
    We can help!
    Listing Contact
    CHARLES J. HENDERSHOT
    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

    Thank You for Inquiry
    2 Morristown Rd, Bernardsville Boro, NJ 07924
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!