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Property profile & analytics
OFF-MARKET Estimated value $1,485,000
Commercial real estate

11 Olcott Sq Bernardsville, NJ 07924-2317

6,705 SF 0.42 ac lot
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US59-1846955
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 6,705 SF
Lot 0.42 ac (18,295 SF)
Zoning code D-CO
APN 03 00070-0000-00005
UPID US59-1846955
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ride+Reflect Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.74M
Comparable Approach Comparable
$1.15M
Blend (final) Blend
$1.49M
Owner & transaction history
M E Olcott Square LLC · 6 yrs held
M E Olcott Square LLC
since 2019
7 recorded transactions
2019
$3.5M
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
D-CO · Bernardsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Downtown Corridor Subdistrict (D-Co). 1. Description and Intent. The Downtown Corridor subdistrict extends along Morristown Road east of the core and serves as a portion of the eastern gateway into Bernardsville. The area has a more auto-dependent character than other subdistricts. The intent is to limit the future expansion of this character while recognizi…

Zone name Downtown Corridor Subdistrict
General category CIVIC_INSTITUTIONAL
Zone area 27.67 ac
Top alternative use upside
Industrial (general) $2.3M +31.5%
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