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Property profile & analytics
OFF-MARKET
Office buildings

150 Morristown Rd Bernardsville, NJ 07924-2626

3.05 ac lot
Individually Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-3194366
Property summary
AI-generated overview

This exceptional two-story office building, totaling 56,000 square feet, offers a variety of flexible spaces ideal for businesses seeking a prestigious location. Three spaces are currently available, ranging from 3,000 to 8,547 contiguous square feet, with a total of 11,547 square feet currently vacant. The building boasts a striking architectural design featuring a curtain wall of buff-colored aluminum panels, bronze-tinted windows, and a two-story glass atrium entrance with ample seating. Situated on 3.053 landscaped acres, including a natural pond, the property provides a tranquil and attractive setting. A 2007 renovation encompassed new HVAC systems, bathrooms, landscaping, parking lot sealing, and updated common areas with new paint, wood, carpet, and wall coverings. The lobby features architecturally detailed furnishings, skylights, and recessed and pendant lighting. Elevators include recessed lighting and cherry wood paneling, while restrooms feature ceramic tile, polished Corian counters, and acoustic tile ceilings. Conveniently located near I-78 and I-287, this property offers easy access to New Jersey Transit, local amenities, and numerous restaurants. The building's design and recent renovations create a modern and comfortable workspace, perfect for companies seeking office suites of various sizes.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Lot 3.05 ac (132,858 SF)
Zoning code D-G
APN 03 00062-0000-00004- 03
UPID US59-3194366
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
  • Varian Law LLC Law Firm
  • Shain Schaffer Law Firm
  • The Murray Firm Law Firm
  • Psychotherapy Services LLC Physician Medical Clinic
  • ​Anthony Girod, MA/EdS, LAC Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
150 Morristown Rd Bernardsville Nj · 3 yrs held
150 Morristown Rd Bernardsville Nj
since 2022
6 recorded transactions
2022
Price N/A
2022
$7.8M
2009
$5.9M
2006
$9.2M
1969
Price N/A
1969
Price N/A
Zoning & alternative use
D-G · Bernardsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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