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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Hotels
270 Ss St Morristown, NJ 07960-6019
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1005360
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1980
Construction
BRICK
Total area
10,272 SF
Lot
1.69 ac (73,704 SF)
Zoning code
OB
APN
24 06501-0000-00002
UPID
US59-1005360
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
-
Best Western Plus Morristown Inn Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Infant Massage Warehouse Alternative Medicine Practice
-
270 South St , Morristown, NJ Hotel & Motel Bed & Breakfast
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$890k
Owner & transaction history
270 S Street Assocs LLC · 5 yrs held
270 S Street Assocs LLC
since 2020
4 recorded transactions
Zoning & alternative use
OB · Morristown, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+56.9%
Industrial (general)
$1.1M
+45.7%
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 Morristown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morristown 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
$620,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$880,000
7%
$820,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$745,000
Current use
COMMERCIAL (GENERAL)
$1,170,000
Change: +57% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,085,000
Change: +46% · Conversion: Difficult
Blend value · Realmo final
$890k
Range $801k – $979k · ±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
$87 / SF
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
$71,832
Tax year 2022
Assessed value
$2,400,000
Assessed 2023
Previous assessed
$2,400,000
+0.0% YoY
Effective rate
2.99%
On assessed value
Assessed land
$720,000
Assessed improvement
$1,680,000
Land market value
$720,000
Improvement market value
$1,680,000
Total market value
$2,400,000
Applied tax rate
24.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1980
Construction
BRICK
Heating
NONE
Stories
3
Total area
10,272 SF
Lot
1.69 ac (73,704 SF)
Zoning code
OB
APN
24 06501-0000-00002
UPID
US59-1005360
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
OB · Morristown, NJZoning OB · permitted uses
OB · Morristown, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$745,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
INDUSTRIAL (GENERAL)
Est. value
$1.1M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
BRICK
Heating
NONE
Stories
3
Lot
1.69 ac
Current owner
From public records · entity-resolved
270 S Street Assocs LLC
Entity
Mailing address
270 SS ST, MORRISTOWN, NJ 07960-6019
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2026
—
Vineland Property Holdings LLC
—
Deed
related
$3,291,000 · Trenton Busn Assistance
Aug 5, 2020
—
270 S Street Assocs LLC
Sheffield Ptshp
Correction Deed
related
—
Mar 19, 2018
$8,650,000
270 South Street Associates LLC
Sheffield Partnership
Deed
$5,000,000 · Republic First Bank
—
—
Sheffield Ptshp
—
Deed Of Trust
related
$1,650,000 · First State Bank
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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