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    Property profile & analytics

    203 Hanover Ave Morristown, NJ 07960-4018

    • Gas stations
    • 1,682 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $455,000
    Location Intelligence
    Property ID
    US59-1119065
    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

    • Spartan Motor Auto Services / Auto Repair Shop
    • Conoco / Gas Station / Diesel Fuel Supplier
    • Op Towing Services / Towing Service

    Property Details for 203 Hanover Ave

    Year built
    1986
    Construction
    CONCRETE BLOCKS
    Lot size
    0.17 lot acres
    Property size
    1,682 SF
    Zone code
    RB-7
    Property type
    Gas stations
    APN
    22 10310-0000-00001
    APU
    2210310000000001

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Morris
    State
    New Jersey
    Longitude
    -74.4693
    Latitude
    40.8113
    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
    $12,517
    $402,900
    $238,000
    $640,900
    -
    $402,900
    $238,000
    $640,900

    Comparable in this City

    • Value Estimation by Request
      0.53 Acres

      163 Morris St

      GAS STATION • 0.53 Acres
      163 Morris St, Morristown, NJ 07960-4215
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    • Value Estimation by Request
      1,736 SF

      219 Madison Ave

      GAS STATION • 1,736 SF
      219 Madison Ave, Morristown, NJ 07960-6106
      View Details
    • Value Estimation
      $1,075,000
      2,075 SF

      100 Ridgedale Ave

      GAS STATION • 2,075 SF
      100 Ridgedale Ave, Morristown, NJ 07960-4244
      View Details
    • Value Estimation
      $425,000
      2,412 SF

      157 Morris St

      GAS STATION • 2,412 SF
      157 Morris St, Morristown, NJ 07960-4215
      View Details
    • Value Estimation by Request
      8,008 SF

      58 Abbett Ave

      GAS STATION • 8,008 SF
      58 Abbett Ave, Morristown, NJ 07960-4233
      View Details
    • Value Estimation
      $945,000
      0.40 Acres

      168 Morris St

      GAS STATION • 0.40 Acres
      168 Morris St, Morristown, NJ 07960-4216
      View Details

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    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      3.2k
    • Avg Time on site
      3 min
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    Morristown, NJ 07960-4018
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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