2 Whippany Rd Morristown, NJ 07960-4768
Property profile & analytics
2 Whippany Rd, Morristown, NJ 07960-4768
- Hotels
- 184,675 SF
- 7.20 lot acres
Property ID
US59-0069846
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.
Location Intelligence
Current Use by Public Records
- Blue Morel Restaurant and Wine Bar / Restaurant
- The Westin Governor Morris, Morristown / Wedding Service
Property Details for 2 Whippany Rd
- Year built
- 1963
- Construction
- BRICK
- Lot size
- 7.20 lot acres
- Zone code
- OL-5
- Property type
- Hotels
- APN
- 22 10001-0000-00006
- APU
- 2210001000000006
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 18, 2019 | — | Grand Prix Morristown LLC | — | Deed · related | $755M · Morgan Stanley Bk |
| May 17, 2017 | — | Grand Prix Morristown LLC | — | Trust Deed · related | $754M · Morgan Stanley Bk |
| Jul 30, 2007 | — | Grand Prix Morristown LLC | Innkeepers Morristown LLC | Grant Deed | — |
| May 24, 2005 | $29,900,000 | Innkeepers Morristown LLC | Morris Hospitality LLC | Grant Deed · related | — |
| — | — | Grand Prix Morristown LLC | — | Deed Of Trust · related | $575M · Jp Morgan Chase Bank NA |
| — | — | Grand Prix Morristown LLC | — | Deed Of Trust · related | — |
| — | — | Grand Prix Morristown LLC | — | Deed Of Trust · related | — |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $17,175,000
- 6.5%
- $15,855,000
- 7%
- $14,720,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $17,262,000
Market price range: $3.22M - $21.0M -
Alternative Use
- Use
- Estimation
- HOTEL/MOTEL
- $13,400,000 Current use
- COMMERCIAL (GENERAL)
- $21,030,000 Change: +57% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $19,525,000 Change: +46% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Morris
- State
- New Jersey
- Longitude
- -74.4589
- Latitude
- 40.798
- 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
2022
$504,378
$3,600,000
$22,225,800
$25,825,800
-
$3,600,000
$22,225,800
$25,825,800
