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Property profile & analytics
OFF-MARKET Estimated value $960,000
Commercial real estate

167 Morristown Rd Bernardsville, NJ 07924-2606

2,364 SF 0.5 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US59-1811791
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction BRICK
Total area 2,364 SF
Lot 0.5 ac (21,780 SF)
Zoning code D-G
APN 03 00141-0000-00006
UPID US59-1811791
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
  • Monterey Fine Foods Take-out & Catering
  • ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$950k
CAP Approach CAP
$610k
Comparable Approach Comparable
$891k
Blend (final) Blend
$960k
Owner & transaction history
167 Morristownroad LLC · 2 yrs held
167 Morristownroad LLC
since 2023
Last sale
$995,000
6 recorded transactions
2023
$995,000
2018
$750,000
2013
$900,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
D-G · Bernardsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Downtown Gateway Subdistrict (D-G). 1. Description and Intent. The Downtown Gateway subdistrict extends along Morristown Road near its intersection with Finley and east to the Borough limits near Madisonville Road. This area serves as the eastern gateway into Bernardsville. The area has a more auto-dependent character than other subdistricts. The intent is t…

Zone name Downtown Gateway Subdistrict
General category CIVIC_INSTITUTIONAL
Zone area 11.02 ac
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