Entity Owned Property summary
This exceptional 2,088 square foot free-standing office building is ideally situated in the heart of downtown Morristown, New Jersey. Currently configured as a graphic design studio, this versatile property offers a multitude of potential uses, including medical, legal, or therapeutic practices. The main floor boasts five individual offices, a welcoming reception area, a convenient kitchenette, and a half bathroom. The lower level features a spacious meeting room, a comfortable sitting area,… and a full bathroom. Tax records indicate a total area of 2,088 square feet, encompassing the finished basement space. The property provides ample off-street parking for eight vehicles. Its location offers unparalleled convenience, with proximity to the Morristown train station, a vibrant array of restaurants, and diverse shopping options. Previously used as a doctor's office, this well-maintained building is zoned for commercial use, although prior zoning approvals indicated potential for residential conversion with the appropriate permits. The property is also available for lease, and current furnishings are negotiable. This presents a unique opportunity to acquire a prime commercial property in a highly desirable location. The 0.2-acre lot provides a comfortable setting for this established business.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with a plan.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.
Property tax · 2022
Value estimate
· Nov 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 17 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 2,088 SF
- Lot area
- 0.2 ac
- Year built
- 1956
- Stories
- 1
- APN
- 24 04501-0000-00040
- Zoning
- RT
- Assessed value · 2023
- $374,600
- Annual tax · 2022
- $10,818
- Office Building · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with a plan - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
The mortgage data comes with a plan: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
Rey answers here. ChatGPT, Grok and Claude get the same data packet.
Includes: Price & PSF · Cap rate · Location · Zoning
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- Lead Lists by Intent
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- Zoning Insight
- Location Analytics
- 1,500 Targeted Leads a month
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- Lead Lists by Intent
- Signals & Scores
- Building Details
- Value Estimation
- Cap Rate Evaluation
- Liens & Mortgages
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- Local Market trends
- Zoning Insight
- Location Analytics
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Sample leads
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Still being built. It lands here next, beside the two above.
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