11 Hl St Morristown, NJ 07960-5328
Property Lookup
Property profile & analytics
11 Hl St Morristown, NJ 07960-5328
- Office buildings
- 2,088 SF
- 0.20 lot acres
Property ID
US59-3192392
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dr. John P. O'grady, MD / Physician
- Station Partners / Consultant
Property Details for 11 Hl St
- Year built
- 1956
- Construction
- FRAME
- Lot size
- 0.20 lot acres
- Property size
- 2,088 SF
- Zone code
- RT
- Property type
- Office buildings
- APN
- 24 04501-0000-00040
- APU
- 2404501000000040
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $875,000
- ML approach
- $900,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $570,000
- 6.5%
- $525,000
- 7%
- $485,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $680,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Morris
- State
- New Jersey
- Longitude
- -74.4734
- Latitude
- 40.7948
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,818
$270,100
$104,500
$374,600
-
$270,100
$104,500
$374,600
