Financial
Distress signals
Property profile

340 Mt Kemble Ave Morristown, NJ 07960

OFF-MARKET
Other commercial real estate
Property ID
US59-3140589
413,000 SF 40.08 ac lot Built 1981
Last sale Jan 2025 · $118,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Kemble Plaza 1 is an office property located at 340 Mount Kemble Ave in Morristown, New Jersey (07960). The site includes office space with a listed total building area of 22,760 square feet and an additional office space allocation of 76,055 square feet noted for the offering. The building amenities include a full-service cafeteria, conference center, coffee bar, fitness center, and a tenant lounge with a game room. The property setting is described as park-like, and it provides shuttle service to Morristown station.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$1.03M
Tax billed · 2022
Assessed value · 2023$48.56M
Assessed land$11.61M
Assessed improvement$36.95M
Effective rate2.12%

Value estimate

· Sep 2026
$97.96M
$88.16M – $107.75M
Sales comparison$93.36M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$325/SF
ZIP average, outlier-cleaned · 57 recorded sales of this use type
Observed band · Q1–Q3$226 – $501

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
OL40
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency20.4
Building Supply17.3
Auto Repair Shop15.8

Location

340 Mt Kemble Ave Morristown, NJ 07960-6679
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Lafayette, Morristown, NJ 07960-4100 $6,000,000 Jan 2026 26,489 SF
990 Mt Kemble, Morristown, NJ 07960-6625 $1,955,000 Apr 2025 7,546 SF
310 Madison, Morristown, NJ 07960-6967 $13,200,000 Mar 2025 58,209 SF
13 Ridgedale, Morristown, NJ 07960 $4,200,000 Apr 2024 10,943 SF
57 Ridgedale, Morristown, NJ 07960-4275 $4,200,000 Apr 2024 10,032 SF
1105 Mt Kemble, Morristown, NJ 07960-6627 $1,900,000 Apr 2024 7,413 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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