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Property profile & analytics
OFF-MARKET Estimated value $725,000
Commercial real estate

122 Washington St Morristown, NJ 07960-6814

1,458 SF 0.17 ac lot Built 1900
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-2105524
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 building features a spacious on-site parking lot, providing ample parking for tenants and visitors. The second floor is currently leased to an architecture firm, generating a consistent annual rental income of $20,400. The first-floor office suite is available for lease and offers flexibility. Potential tenants can choose a fully furnished "plug-and-play" setup, ideal for immediate occupancy, or opt for a vacant space to customize to their specific needs. This property is an excellent choice for investors seeking a stable income stream coupled with the potential for future growth in a thriving New Jersey market. The 07960 zip code offers a desirable location within Morristown, combining professional convenience with nearby amenities. This presents a rare opportunity to acquire a well-situated, income-producing office building in a highly sought-after area.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Total area 1,458 SF
Lot 0.17 ac (7,200 SF)
Zoning code ORC
APN 24 07802-0000-00029
UPID US59-2105524
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
  • Law Office of David Rostan Law Firm
  • Dubeck & Miller Law Firm
  • Harvey H Gilbert Esquire Law Firm
  • Adam P. Dubeck, Esq. Law Firm
  • Commercial & House Cleaning Morristown Commercial Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$596k
Blend (final) Blend
$725k
Owner & transaction history
Paros Designs Project 0006 LLC · 1 yrs held
Paros Designs Project 0006 LLC
since 2025
Last sale
$785,000
4 recorded transactions
2025
$785,000
2012
Price N/A
2012
$305,000
1969
Price N/A
Zoning & alternative use
ORC · Morristown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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