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Property profile

122 Washington St Morristown, NJ 07960

OFF-MARKET
Commercial real estate
Property ID
US59-2105524
1,458 SF 0.17 ac lot Built 1900
Last sale Jan 2025 · $785,000
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

This exceptional two-story office building at 122 Washington Street in Morristown, New Jersey, presents a unique investment opportunity. Strategically located in Morris County, this property boasts convenient access to major roadways including Routes 287, 202, and 24, ensuring effortless commuting for tenants and clients. Its prime location also offers walkability to the Morris County Courthouse, Whole Foods Market, and public transportation, enhancing its appeal and accessibility. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2023$324k
Assessed land$202k
Assessed improvement$123k
Effective rate2.99%

Value estimate

· Oct 2026
$745k
$671k – $820k
AI approach$705k
Submarket $/SF estimate$596k

Realmo valuation models over county records and 11 qualifying comparable sales.

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
Qualifying comparables11

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?
ORC
JurisdictionMORRIS

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center9.8
Tailor Shop9.7
Shoe Repair8.7

Location

122 Washington St Morristown, NJ 07960-6814
County assessor Recorded deeds · 4 transfers 11 qualifying comp sales 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
28 Dehart, Morristown, NJ 07960-5210 $925,000 Jul 2025 2,188 SF
74 Market, Morristown, NJ 07960-5125 $2,200,000 May 2025 1,447 SF
15 Maple, Morristown, NJ 07960 $670,000 Jan 2025 646 SF
Martin Luther King, Morristown, NJ 07960 $1,250,000 Dec 2024 1,250 SF
114 Maple, Morristown, NJ 07960-8613 $799,999 Oct 2024 2,272 SF
26 Franklin, Morristown, NJ 07960 $1,900,000 Sep 2024 722 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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