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Property profile & analytics

155 Main St Madison, NJ 07940-2156

  • Commercial real estate
  • 1,419 SF
  • 0.37 lot acres
OFF-MARKET
Value Estimation
$405,000
Location Intelligence
Property ID
US59-2163844
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.

Current Use by Public Records

  • Commercial real estate

Property Details for 155 Main St

Year built
1900
Construction
FRAME
Lot size
0.37 lot acres
Property size
1,419 SF
Zone code
GBA
Property type
Commercial real estate
APN
17 02601-0000-00021
APU
1702601000000021

Description

This exceptional two-story building, located in Morris County, offers 1,490 square feet of versatile office space, ideal for a variety of uses. The layout includes five private offices; two conveniently situated on the ground floor and three on the upper level, providing flexibility for different team sizes or departmental needs. A dedicated kitchen area adds convenience for staff and clients. The single-tenant occupancy ensures privacy and control over the entire space. The building's classification encompasses Executive Office, Coworking, Medical Office, Creative Office, and Traditional Office uses, making it suitable for a wide range of businesses. This property presents a unique opportunity to acquire a well-maintained, functional space in a desirable Morris County location. The building's design is adaptable to various business configurations, allowing for customization to meet specific operational requirements. The property's size and layout offer an excellent balance between privacy and collaborative work environments. The inclusion of a kitchen area enhances the overall functionality and convenience of the space. This is a rare opportunity to secure a well-positioned, versatile office building in a thriving Morris County market.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $375,000
  • CAP approach

    CAP return
    Estimation
    6%
    $510,000
    6.5%
    $485,000
    7%
    $480,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $560,000
    Geo Method
    $485,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $525,000
    Retail
    $460,000
    Mixed-Use
    $430,000
    Hospitality
    $455,000
    Educational
    $440,000
    Residential Income
    $465,000
    Energy
    $410,000
    Income-Based Land
    $555,000
    Food Service
    $490,000

Location Insight

  • Map
  • Local Demand
City
Madison
County
Morris
State
New Jersey
Longitude
-74.4098
Latitude
40.7552
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
2023
$11,018
$392,400
$142,700
$535,100
-
$392,400
$142,700
$535,100
More about this property
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