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Property profile & analytics
FOR LEASE
Office Spaces
2740 State Route 10 Morris Plains, NJ 07950
Entity Owned
1-yr Hold
Free & Clear
Property ID
US59-1208984
For Lease
1 / 21
$2,850/Mo
2740 State Route 10, Morris Plains, NJ 07950
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1990
Total area
2,506 SF
Lot
0.04 ac (1,742 SF)
Zoning code
O-T
APN
29 00019-0000-00001- 13
UPID
US59-1208984
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rubicon Partners LLC · 1 yrs held
Rubicon Partners LLC
since 2025
Last sale
$425,000
7 recorded transactions
Zoning & alternative use
O-T · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$7,558
Tax year 2022
Assessed value
$227,300
Assessed 2023
Previous assessed
$227,300
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$78,400
Assessed improvement
$148,900
Land market value
$78,400
Improvement market value
$148,900
Total market value
$227,300
Applied tax rate
29.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
For Lease
Year built
1990
Heating
NONE
Total area
2,506 SF
Lot
0.04 ac (1,742 SF)
Zoning code
O-T
APN
29 00019-0000-00001- 13
UPID
US59-1208984
Jurisdiction
MORRIS
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
O-T · Morris Plains, NJ
Zoning O-T · permitted uses
O-T · Morris Plains, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morris Plains. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Lot
0.04 ac
Current owner
From public records · entity-resolved
Rubicon Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
275 CONCORD ST, CRESSKILL, NJ 07626-1317
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2025
$2,250,000
Rubicon Partners LLC
Richard D Picini
Deed
—
Dec 7, 2023
$425,000
Schildr INC
Foster And Bell LLC
Deed
—
Jul 31, 2023
$325,000
Tender Care LLC
Triad Technology Corp
Deed
$270,000 · Traid Technology Crop
Jun 29, 2023
—
Oxford Properties LLC
—
Deed
related
$250,000 · Provident Bank
May 4, 2023
—
Nj 10 2740 LLC
Pegasus Americas LLC
Deed
—
May 4, 2023
$430,000
Nj 10 2740 LLC
Pegasus Americas LLC
Deed
$360,000 · Pegasus Americas LLC
Nov 16, 2022
—
First Indemnity Of America Insuranc
—
Deed
related
$500,000 · Lakeland Bank
May 14, 2019
—
Oxford Properties LLC
—
Deed
related
$432,000 · Provident Bk
Apr 22, 2019
—
Oxford Properties LLC
—
Deed
related
$297,979 · Provident Bank
Mar 27, 2018
—
First Indemnity Of America Ins Co
—
Deed
related
$1,000,000 · Lakeland Bk
Jan 4, 2018
$156,000
Precision Design Services INC
First Indemnity Of America Ins Co
Grant Deed
$120,000 · Miscellaneous Ins Co
Mar 31, 2017
—
Oxford Properties LLC
—
Deed
related
$500,000 · Provident Bank
Oct 4, 2007
$345,000
Foster & Bell LLC
Vanpelt,christian
Grant Deed
$260,000 · Provident Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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