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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Grocery and convenience stores
245 Littleton Rd Morris Plains, NJ 07950-2921
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0400389
Property summary
AI-generated overview
This exceptional retail space, located within a high-traffic Stop & Shop in Morris Plains, NJ (07950), offers 500 square feet of prime, front-of-store visibility. Benefit from the established customer base of a well-known grocery store, enjoying unparalleled access to thousands of weekly shoppers. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities, simplifying your operational costs. This "Store-Within-A-Store" concept provides excellent branding opportunities, with both interior and exterior signage options. The location boasts exceptional demographics within a thriving trade area. Ideal for service businesses, financial institutions, or health and wellness providers. This is a unique opportunity to establish your business in a high-traffic, convenient location. Note that food and beverage services, restaurants, and smoke shops are prohibited uses. The property is situated at 245 Littleton Rd, Morris Plains, NJ, in Morris County.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Lot
8.8 ac (383,328 SF)
Zoning code
L
APN
23 00171-0000-00046
UPID
US59-0400389
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$730k
Owner & transaction history
Jda Morris Plains LLC
Jda Morris Plains LLC
1 recorded transaction
Zoning & alternative use
L · Morris Plains, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morris Plains submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morris Plains submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$371,850
Tax year 2022
Assessed value
$15,000,000
Assessed 2023
Previous assessed
$15,000,000
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$6,750,000
Assessed improvement
$8,250,000
Land market value
$6,750,000
Improvement market value
$8,250,000
Total market value
$15,000,000
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Heating
NONE
Lot
8.8 ac (383,328 SF)
Zoning code
L
APN
23 00171-0000-00046
UPID
US59-0400389
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
L · Morris Plains, NJZoning L · permitted uses
L · Morris Plains, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
8.8 ac
Current owner
From public records · entity-resolved
Jda Morris Plains LLC
Entity
Mailing address
PO BOX 6500, CARLISLE, PA 17013-0902
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Jda Morris Plains LLC
—
Deed Of Trust
related
$24,540,000 · Ctl Lending Group LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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