198 Us-202 Morris Plains, NJ 07950
This exceptional 1-acre industrial land parcel, located at 198 US-202 in Morris Plains, New Jersey (zip code 07950), presents a unique opportunity for businesses seeking a strategic location in Morris County. Currently zoned B2 in Flemington, NJ, this single-tenant property is ideally suited for a variety of uses, including car or truck parking. The expansive site offers significant potential for development and operational flexibility. The property's convenient location provides easy access to major transportation arteries, ensuring seamless logistics and efficient operations. While a 1-acre lot is currently available for lease, there is the potential to acquire up to 12.3 acres in total. This presents a compelling opportunity for businesses requiring larger footprints or those considering future expansion. The property's versatility makes it an attractive option for a range of industrial and commercial enterprises. Serious inquiries are encouraged to explore the possibilities of leasing or purchasing this strategically located industrial land. The property is situated at latitude 40.839964280997314 and longitude -74.46745928215769.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.