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Property profile & analytics
OFF-MARKET
Commercial real estate

23 Morristown Rd Bernardsville, NJ 07924

1,512 SF 0.15 ac lot
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US59-1828063
Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 1,512 SF
Lot 0.15 ac (6,534 SF)
Zoning code D-CO
APN 03 00125-0000-00006
UPID US59-1828063
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
  • Party Package USA Party Supply Store (Bike/Boat/Book/etc) Store
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
R Boccimno Holdings LLC · 7 yrs held
R Boccimno Holdings LLC
since 2018
7 recorded transactions
2022
Price N/A
2020
Price N/A
2018
$330,000
2017
Price N/A
2010
Price N/A
1997
$466,000
1969
Price N/A
Zoning & alternative use
D-CO · Bernardsville, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Downtown Corridor Subdistrict (D-Co). 1. Description and Intent. The Downtown Corridor subdistrict extends along Morristown Road east of the core and serves as a portion of the eastern gateway into Bernardsville. The area has a more auto-dependent character than other subdistricts. The intent is to limit the future expansion of this character while recognizi…

Zone name Downtown Corridor Subdistrict
General category CIVIC_INSTITUTIONAL
Zone area 27.67 ac
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